Board of Directors - 368 Words
Discussion Question 1_02
Describe at least six recommendations that you would make to improve the effectiveness of today’s boards of directors.
I would require the board of directors degree of involvement in strategic management be active participation (approves, questions and makes final decisions on mission, strategy, policies and objectives) or be that of a catalyst (takes the leading role in establishing and...
368 Words | 2 Pages
Board of Directors - 4045 Words
5 bibliography 19
TABLE OF CONTENTS
The board is made up of individual men and women (the "directors") who are elected by the shareholders for multiple-year terms. Many companies operate on a rotating system so that only a fraction of the directors are up for election each year; this makes it much more difficult for a complete board change to take place due to a hostile takeover. In most cases, directors...
4,045 Words | 17 Pages
The Board of Directors - 1506 Words
The Role of Board
According to Jensen (1993), the board has the final responsibility for the function of the board. The job of the board is to hire, fire and compensate the CEO and to provide high level council. More precisely, the board has two major jobs: to monitoring the decision making of management as a representative of shareholders and to initiate and implement of decisions. The board of directors is a major mechanisms used to solve agency problem, which arises when the management and...
1,506 Words | 4 Pages
Board of Directors and Director Costco Wholesale
Costco Wholesale Corporation
REFERENCE CODE: 7EE0FB19-6C6E-4865-AFD1-D601275DC508 PUBLICATION DATE: 30 Aug 2012 marketline.com
COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED.
Costco Wholesale Corporation
TABLE OF CONTENTS
TABLE OF CONTENTS
Company Overview..............................................................................................3 Key...
9,838 Words | 34 Pages
All Board of directors Essays
Women on Corporate Board of Director
In this decade, we have seen an increase in women's participation in the board of director. Previously, we can see around the world, every board of director of a single company led by men only. But, over the time, women are slowly absorbed into the board of director and they play a great role as well as a good impact in the improvement of the company. A new study suggested that, putting women on boards of directors is a good way to make companies more profitable and better...
14,869 Words | 37 Pages
Corporate Governance and Board of Directors
Corporate Governance & Board of Directors
The Corporate Governance of any business is the relationship among the board of directors, management and shareholders to help in determining the path and performance of the corporation (Hunger & Wheelen, 2007, p. 18). Although laws and standards vary, the board of directors is:
· Those who set the overall path, vision and mission within the business.
· Those who make the decisions to hire and, or fire any top management member (Hunger & Wheelen,...
383 Words | 2 Pages
Board of Directors Staples - 888 Words
The Board of Directors at Staples is comprised of eleven members. “The eleven nominees include two directors who joined the Board within the last two years, four nominees that joined the Board within the last seven years and five nominees that have served on our Board at least 15 years” (Staples, Annual Report, 16). The eleven members are listed below. Next his or her name is how long they have been on the board. Under each name is a short biography of the member along with valuable...
888 Words | 3 Pages
Effective Board of Directors - 502 Words
1. Topic: Effective Board of Directors
2. Six Steps to Building an Effective Board
By:Bruce R. Evans
The author Bruce R. Evans is a managing partner in Summit Partners’ Boston office. He has also been a member of more than 25 boards, which include 10 public company boards. He claims that when a Board is working effectively it is a big part of the company’s success. However, an ineffective board can be distracting and cause liabilities for the company. Through his...
502 Words | 2 Pages
Role of Board of Directors - 29522 Words
The Role of Boards of Directors in Corporate Governance: A Conceptual Framework & Survey∗
Ren´e B. Adams,† Benjamin E. Hermalin,‡ and Michael S. Weisbach§ e April ,
Abstract This paper is a survey of the literature on boards of directors, with an emphasis on research done subsequent to the Hermalin and Weisbach (2003) survey. The two questions most asked about boards are what determines their makeup and what determines their actions? These questions are fundamentally intertwined, which...
29,522 Words | 82 Pages
Board of Directors and Company - 13772 Words
The irony lies in the name - Satyam, meaning truth. The real truth is that Ramalinga Raju, the politically-connected, promoter-chairman of Hyderabad-headquartered Satyam Computers, was lying for years to shareholders, employees and the world at large, building up to India's largest-ever corporate fraud of over Rs 7,000 crores. The country's fourth largest IT company - after TCS, Infosys and Wipro and ahead of HCL - was for several years cooking its books by inflating revenues and...
13,772 Words | 35 Pages
Role of Board of Directors - 10028 Words
TABLE OF CONTENTS______________________________
PART 1: Introduction...........................................................................................................1
PART 2: Important definition need to know to understand Board of directors………..7
PART 3: Role of Board of Directors………………………………………………………..12
PART 4: Journey of Guidelines to...
10,028 Words | 33 Pages
women representation on the boards of directors
Question1: Given that woman participate in the labor force in roughly the same proportion as men, why do you think women occupy so few seats on boards of directors?
Woman participation and equality on work positions have been staying at all the time. Lately, this issue is concerned more than before and many countries tend to increase the woman representation especially on the boards of directors.
There is a perception that its better the men should lead any organization and they could have...
847 Words | 3 Pages
Board of Directors Sime Darby
Who’s behind Sime Darby?1
Board of Directors
YABhg Tun Musa Hitam (Chairman)
77, a Malaysian. Tun Musa was appointed to the Board on 29 September 2007. He obtained his Bachelor of Arts degree from the University of Malaya and Masters degree in International Relations from the University of Sussex, United Kingdom. He has had several honours bestowed upon him including Honorary Doctorates from the University of Sussex, Universiti Malaysia Sabah, University of Malaya and Universiti Teknologi...
1,551 Words | 6 Pages
Board of Directors and Audit Committee
BOARD OF DIRECTORS
from left to right
Dato’ Mohamed Khadar
2. Conor Mc Carthy
3. Dato’ Kamarudin bin Meranun
4. Dato’ Anthony Francis Fernandes
5. Dato' Pahamin Ab. Rajab
7. Dato’ Leong Khee Seong
6. Dato’ Abdel Aziz @
Abdul Aziz bin Abu Bakar
8. Fam Lee Ee
9. Datuk Alias bin Ali
DATO' PAHAMIN AB. RAJAB,
Malaysian, aged 62, an...
33,496 Words | 290 Pages
Board of Directors Introduction - 349 Words
Summary; the Board of Directors
Board of director work as a bridge between management and shareholders, appointed by shareholders. Through this forum those who do not have opportunity to protect their right (minority shareholders, lenders, and society) can influence those who run the company.
If the board is effective and responsible, quality of governance will be good, overall performance of the company will be increased and all the stakeholders will be happier and if the board is...
349 Words | 2 Pages
Apple Board of Directors - 548 Words
Board of Directors
Apple’s Board of Directors (BOD) is composed of seven members. Out of the seven directors, six of them are males; Steve Jobs age 54, William Campbell age 69, Arthur Levinson Ph.D. age 60, Ronald Sugar age 61, Millard Drexler age 65, and former vice president Albert Gore Jr. age 62 and one is a female Andrea Jung age 51. The average age for the board is 60 years old. The members of the board bring into Apple a vast experience from retailing, governmental, engineering and...
548 Words | 2 Pages
The Board of Directors – Roles and Responsibilities
The Board of Directors – roles and responsibilities
The board's key purpose is to ensure the company's prosperity by collectively directing the company's affairs, whilst meeting the appropriate interests of its shareholders and stakeholders. The objects of the company are defined in the Memorandum of Association and regulations are laid out in the Articles of Association.
Appointment of directors
The ultimate control as to the composition of the board of directors rests with the...
1,183 Words | 4 Pages
Board of Directors and Associate Professor
Loyola Institute of Business Administration
Loyola College, Chennai – 600 034
I. Name of the Institution
Loyola Institute of Business Administration
Permanent Location as approved by AICTE
1, Sterling Road
28 17 71 00
28 17 31 83
3,462 Words | 43 Pages
Kraft Foods Board of Directors
Kraft Foods’ Board of Directors
Name/Title | Current Board Membership |
John T. Cahill, 56Executive Chairman | Legg Mason, Inc., Colgate-palmolive Co., Kraft Foods Group, Inc. |
William Anthony Vernon, 57Chief Executive Officer & Director | Novocure Ltd., Philadelphia Youth Organization, Kraft Foods Group, Inc., Medivation, Inc. |
Myra Maloney Hart, 72Independent Director | Kraft Foods Group, Inc., Nina Mclemore Llc, Babson...
1,069 Words | 4 Pages
Apple Board of Directors - 398 Words
Board of Directors Apple
A. Board of Directors
1. William V. Campbell
Intuit, Inc. (external) 1983
Apple (internal) 2011
Millard S. Drexler
Chairman and Chief Executive Officer
J. Crew (external) 1999
Albert Gore, Jr.
Former Vice President of the United States (external) 2003
Chairman and Chief Executive Officer
Avon Products, Inc. (external) 2008
Arthur D. Levinson, Ph.D.
Chairman and Chief Executive Officer...
398 Words | 2 Pages
Hp Board of Directors Corporate Governance
Hewlitt-Packard Corporate Governance Assignment
Considering how well Hewlitt-Packard performed during his tenure, perhaps Mark Hurd was the right man for the job despite his shortcomings. Likewise, the hastened hiring of Leo Apotheker in late 2010 signified another apparent blunder by the H-P board, as he possessed neither the credentials nor aptitude to lead such a large and dynamic company to success. What do these two situations share in common? A myopic Board of Directors, well...
719 Words | 2 Pages
Case #1: Cca (Board of Directors)
Evaluation of the Board of Directors of Coca-Cola Amatil
Student ID: u5264027
1. Basic analysis - a macro perspective
From the publicly open information, the member composition of the Board Of Directors
(BOD) of Coca-Cola Amatil (CCA) can be summarised as the following table (Table 1-
1). It can be easily seen that non-executive directors account for the majority of the
board. According to Tricker...
793 Words | 7 Pages
Role of Board of Directors Within a Nonprofit
The Role of a Board of Directors
By Jean Kelsey
At first glance, one might think that the role of a Board of Directors (“Board”) would be based upon a standard set of criteria that would ultimately make the formation and function of a Board more straightforward. As I researched into the special role a Board would have within a non-profit, I discovered that the role is also determined by the functionality of that same Board. Functionality of a non-profit’s Board is clearly dependent upon...
3,591 Words | 10 Pages
Corporate Governance - Role of Board of Directors
CORPORATE GOVERNANCE - ROLE OF BOARD OF DIRECTORS
People often question whether corporate boards matter because their day-today impact is difficult to observe. But, when things go wrong, they can become the center of attention. Certainly this was true of the Enron, Worldcom, and Parmalat scandals. The directors of Enron and Worldcom, in particular, were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs, of which $13 million was out of pocket...
1,611 Words | 6 Pages
Board of Directors and Authentication Confidential Information
Title: Case 5
Hewlett- Packard’s Secret Surveillance of Directors and Journalist
Martha E Richard
Aiken Technical College
Obtaining confidential information by posing as another person was unethical. There are other avenues that could have been assessed to get to the person who was responsible for the leakage in the cooperation to the media. Seeking a private investigation team was an extreme measure in my opinion. What is done in the darkness shall always reveal itself in...
791 Words | 3 Pages
Boards - 2127 Words
Defining The Board
In an era where women are slowly ascending in the business world, women are still overlooked as reputable pieces to the board. There is not enough diversification in the Board of Directors because of how corporate structure was originally built on a hierarchy system of men. There is an issue that arises of not enough variation in the boards that leads to stale solutions to problems in corporate world. Also, separation needs to be defined by who...
2,127 Words | 5 Pages
Nature of Board Level Decisions and the Contribution of the Finance Director
Nature of Board Level decisions and the contribution of the finance director
The performance of any organization, may it be for profit or not for profit, heavily depends on the decisions that are made by the management of the organization. It is worth noting that decisions made in the organization differ greatly, depending on the position of those involved in making those decisions. The board is one body that plays a crucial role in determining the future of an organization, based on the...
2,620 Words | 8 Pages
Xooker Announces Election of Jonathan Emery to its Board of Directors
Xooker Announces Election of Jonathan
Emery to its Board of Directors
Xooker, LLC, a mobile-first, consumer-to-merchant engagement platform that rewards users
for having fun with the brands they love, announces the election of Jonathan Emery to its
Board of Directors.
Lexington, KY, September 14, 2015 /PressReleasePing/ - Mr. Emery currently serves as
the Chair of the Firm’s Corporate and M&A practice at Bressler, Amery, & Ross, P.C.. He is
an expert on all legal and business...
359 Words | 2 Pages
Board of Directors of Globe Telecom Inc, Phils
Board of Directors
Jaime Augusto Zobel de Ayala
Gerardo C. Ablaza, Jr.
Mark Chong Chin Kok
Director, President and CEO
Manuel A. Pacis
Romeo L. Bernardo
Tay Soo Meng
Fernando Zobel de Ayala
Guillermo D. Luchangco
Xavier P. Loinaz
Romeo L. Bernardo
2,604 Words | 8 Pages
Board Dynamics and the Inﬂuence of Professional Background, Gender and Ethnic Diversity of Directors
Board Dynamics and the Inﬂuence of Professional Background, Gender and Ethnic Diversity of Directors*
Nicholas van der Walt** and Coral Ingley
Exploring the appointment of directors of different professional backgrounds, levels of independence, age, gender and ethnicity, this paper develops a taxonomy describing what is meant by diversity on the board and its implications for decision-making. Board conﬁguration is considered in terms of empirical evidence...
11,382 Words | 39 Pages
Both Type of the Board of Directors Have Their Own Advantages and Disadvantages
a) What are the possible advantages and disadvantages facing a board of directors composed of insiders? (b) What are the possible advantages and disadvantages facing a board of directors composed of outsiders?
The board of directors plays a vital part in the domination of any company whether it is a family business or otherwise. For every company or organization the board of directors is different in terms of its composition, roles and responsibilities of the directors and its structure. The...
674 Words | 2 Pages
Duties of Directors - 623 Words
DUTIES OF DIRECTORS
Directors of a company normally have exclusive power to manage the company’s business and exercise its powers. At common law, the duties were owed to the company, to employees, to individual shareholders and creditors.
1.0 Duties of Directors to the company
It is convenient to categorise the duties of directors into fiduciary duties which arise because they are quasi-trustees of the assets of the company. The word ‘fiduciary’ refers to trust and confidence. ‘A fiduciary is...
623 Words | 2 Pages
Directors Duties - 4686 Words
5. Director’s Duties
Director’s Duties are part of the idea of risk management; because they take risks all the time, they require a certain element of regulation. The law must provide a way of mitigating against the risk, so creditors and shareholders can have potential recourse. This is all done indirectly; the company will recover in the event of a breach of duty arising. If the company recovers and suffers no harm, then that protects shareholders and makes sure their investments are secure....
4,686 Words | 11 Pages
Duties of Director - 913 Words
DUTIES OF DIRECTORS FOR PRIVATE LIMITED COMPANIES
A company is a separate legal entity, separate and distinct from its individual members/shareholders. Members of the company will appoint directors who will be entrusted with the power and authority to make decisions for the running of the company and manage the company's affairs.
For many small businesses, members of the company who have come up with their own capital to fund their businesses are often involved in the day-to-day management...
913 Words | 3 Pages
Director Remuneration - 3638 Words
Company Law Assignment
“The global financial crisis in late 2007 and in 2008 increased public disquiet about the high level of executive remuneration” Lipton & Herzberg p 316.
Outline the laws, rules and principles governing payment and disclosure of remuneration to directors and senior executives in Australia. Explain how and why this is important in corporate governance. Compare the Australian provisions with those in other countries.
The remuneration of company...
3,638 Words | 12 Pages
Directors Powers - 1499 Words
The directors of an organization are the persons who are members of its board. Several specific terms categorize directors by the presence or absence of their other relationships to the organization.
An inside director is a director who is also an employee, officer, major shareholder, or someone similarly connected to the organization. Inside directors represent the interests of the entity's stakeholders, and often have special knowledge of its inner workings, its financial or...
1,499 Words | 5 Pages
Directors Duties - 6888 Words
❖ S 9: “Officer” includes directors, secretaries, receivers, administrators, liquidators, administrating trustees.
❖ S 9: “Director” includes shadow & de facto directors.
enforcement of directors’ duties
enforcement of statutory duties
Who may apply for a Declaration or Order?
❖ S 1317J(1): ASIC may apply for a declaration of contravention, a pecuniary penalty order or a compensation order.
❖ S 1317J(2): The company may apply for a compensation order....
6,888 Words | 24 Pages
Removal of a Director - 814 Words
On July 23, 2011, Damon Kitney from the Australian news wrote an article titled, “The shareholders strike back” which stated how Rupert Murdoch, CEO and chairman combined of the News Corporation, and his firm’s executives, including Mr. Murdoch’s son James, are being investigated for any suspected role in covering up the scope of “industrial scale” phone hacking. Murdoch’s negligent affair has raised many criticisms from experts, lawyers as well as independent...
814 Words | 3 Pages
Directors Remuneration - 1417 Words
The board of directors has both executive and non executive directors. Executive directors have both executive and board duties to perform while non executive directors have only board responsibilities. Therefore both types of directors vary in the responsibilities and authority they have in the company affairs. Thus the non executive directors devote very little time to company affairs ( only attend board meetings, committee meetings of which they...
1,417 Words | 5 Pages
directors' duties - 2617 Words
The case of ASIC v Adler is very unique as well as complicated since it involved several breach of duties in the Corporations Act 2001. The HIH collapse was caused by very bad corporate governance.
Such breach of duties are, section 9 (director’s duties), section 180 (duty to act with care and diligence), section 181 (duty to act in good faith and for a proper purpose), section 182 (improper use of position), section 182(2) (business judgement rule), section 183 (duty not to...
2,617 Words | 8 Pages
Director Duties - 1852 Words
Shareholders and members of the company always own the number of remedies to against the wrong in process of managing company. It can be seen that in the different situations will be applied different remedies for each members and officers of the company.
On the facts available, there are two issues to be discussed. The first issue is what have Don breached his directors’ duties under the act in good faith and best interest of the company as well as disclosure personal interest....
1,852 Words | 5 Pages
Directors Duties - 2415 Words
Hampton Park Pty Ltd (HP)
In the case study of Hampton Park Pty Ltd (HP) has four directors; William (Managing Director); Susan, Jack and Gail (Non-executive directors). As HP’s financial position begins to deteriorate, George, the Chief Financial Officer of the company advises the accounts still show a profit and the company would have a solid base to pay out a dividend to its members. In July 2010cHP’s financial state worsens however George declares a technical profit and advises...
2,415 Words | 7 Pages
Independent Director - 487 Words
Indicative Independent Director
The purpose of identifying and appointing independent directors is to ensure that the board includes directors who can effectively exercise their best judgment for the exclusive benefit of the Company, judgment that is not clouded by real or perceived conflicts of interest. IFC expects that in each case where a director is identified as “independent” the board of directors will affirmatively determine that such director meets the requirements established by...
487 Words | 2 Pages
Board Meeting - 4896 Words
RESOLUTIONS, MEETINGS & MINUTES UNDER THE COMPANIES ACT 1956
A Presentation by KAUSHIK M JHAVERI PRACTISING COMPANY SECRETARY E-Mail : [email protected]
CS KAUSHIK M JHAVERI 1
RESOLUTIONS : are records of formal decisions of Directors or Shareholders and are prefixed by the word “ RESOLVED”. q Resolutions are of 2 types: • Ordinary Resolution • Special Resolution
CS KAUSHIK M JHAVERI 2
ORDINARY RESOLUTIONS Section189 (1) of Companies Act,1956 ØA
resolution shall be an...
4,896 Words | 19 Pages
Board Composition - 1591 Words
The board of directors plays a central role in the corporate governance mechanism. The board is responsible for directing and controlling the business and is accountable to shareholders for its performance. High profile failures such as Enron have underlined the dangers of an ineffective group of non-executive directors and the severe problems that can arise when their independence is compromised through conflict of interest. The cadbury recommendations had substantial impact...
1,591 Words | 5 Pages
Management Board - 7995 Words
Budweiser and Tsingtao
Table of Content
Literature review 4
Conceptual framework 4
AB InBev 6
Pest Analysis 7
Political Factors 7
Economic Factors. 8
Sociocultural Factors. 8
Technological Factors. 8
Political Factors 8
Economic Factors 9
Sociocultural Factors 9
Technological Factors 9
7,995 Words | 25 Pages
Nonprofit board - 741 Words
Summary of the article:
Nonprofit boards serve as the hub for accountability for the agency that they represent. As such, nonprofit agencies bare a heavy burden when recruiting members for their boards with the skills and objectivity needed to deal with the specific complexities of a nonprofit agency "When a Business Leader Joins a Nonprofit Board," that "Board members with no visceral feel for an organization may bring values to te table that are simply inappropriate," highlighting the...
741 Words | 3 Pages
Fiduciary Duties of Directors - 2075 Words
‘The director of a company owes a fiduciary duty to the company’. Do you agree with this statement?
A company is a distinct legal entity created by statute. Companies have many of the same legal rights and obligations as do individuals. They can own and sell property, they can hold profits or acquire debts, they can enter into contracts and sue or be sued, and governments can tax them. Companies are advantageous primarily because they become legal entities that are separate and...
2,075 Words | 6 Pages
Reputation Concerns of Independent Directors
Reputation Concerns of Independent Directors: Evidence from Individual Director Voting1
Wei Jiang2 Columbia Business School
Hualin Wan3 Shanghai Lixin University of Commerce
Shan Zhao4 Shanghai University of Finance and Economics
This Draft: July 2012
1 The authors benefit from discussions with seminar and conference participants at ESCP Europe, EM Lyon, Grenoble School of Management, Reims Management...
10,772 Words | 34 Pages
Cimb Director Profile - 2418 Words
Tan Sri Dato’ Md Nor Yusof
Chairman/Non-Independent Non-Executive Director Chairman/Non-Independent Non-Executive Director
• Aged 64, Malaysian
• Joined the Board on 27 June 2006
• Attended 8 out of 9 Board Meetings held in 2011
• Member of the Board Risk Committee
Tan Sri Dato’ Md Nor graduated with a Bachelor’s Degree in
Commerce from the University of Otago, New Zealand and is a
qualified Chartered Accountant.
Tan Sri Dato’ Md Nor has spent more than 18 years of...
2,418 Words | 9 Pages
Does the Board of Directors have responsibility to encourage socially responsible behavior? Why or why not?
Q: Does the Board of Directors have responsibility to encourage socially responsible behavior? Why or why not?
I do think that, for modern corporations, the Board of Directors have responsibilities to encourage socially responsible behavior.
As we learned from the class lectures and Julia’s talk on last class, the Board of Directors is primarily loyal to shareholders and has the fiduciary duties of taking care of shareholder wealth. So the rising question now is: “Is...
472 Words | 2 Pages
legal position of directors - 1683 Words
LEGAL POSITION OF THE DIRECTORS OF THE COMPANY
Mrs. Kamya Rani & Mrs. Sukhbir Kaur1
A company is an artificial person created by law. It functions through human agents who are collectively called Board of Directors. They are termed as Trustees of the assets of the company who sees that company business is carried on in accordance with the Memorandum and Articles of Association of the company. They decides policies of the company keeping in view the main objects for which the company was...
1,683 Words | 5 Pages
Corporate Management- Directors' Duties
“Most Companies Acts of the region contain a provision requiring directors have to regard to the “interests of company employees in general”. Seemingly introducing a new stakeholder philosophy into company law, the precise import and significance of such a requirement remains a mystery.”
Company directors are like the shepherds who always try to convince the sheep that their interests and his are one and the same. Alolf Berle and Gardiner Means in Modern...
6,405 Words | 20 Pages
Law of Directors' Duties - 2960 Words
The Law of Directors Duties
The law of Directors Duties stems from the systems of corporate governance in order to ensure that the persons occupying higher positions within the company will take good care of the company, as well as not act in a way that will create deficiency. There are 3 sources to the legal duties: the common law; the principles of equitable fiduciary duties; and the statutory duties stated under the Corporation Act section 180-183(Harris,J., 2008).
The penalties of...
2,960 Words | 9 Pages
The Recalcitrant Director at Byte, Inc.:
The Recalcitrant Director at Byte, Inc.:
Corporate Legality Versus Corporate Responsibility
Mr. James Elliott, CEO and Chairman of Byte Products, Inc., presents his recommendation to the Board of Directors to purchase an existing plant in Plainville as a temporary plant until the new one is online in 3 years. All on the Board except one (10–1) seem to favor the proposal. What ensues is the discussion between Elliott and Kevin Williams, board member, over the proposal to...
2,081 Words | 8 Pages
Non-Executive Directors - 2440 Words
In his review published in 2003, Derek Higgs described the role of a non-executive director as ‘custodian of the governance process.’
A non-executive director (NED) sits on the board of company just as a normal executive director would do so, however a non-executive director does not form part of the executive management team of the company. Essentially they are not an employee of the company or affiliated in any way other than their role as an independent NED. The distinction between a...
2,440 Words | 9 Pages
Ific Directors and Management - 713 Words
BOARD OF DIRECTORS IFIC BANK,DHAKA.
Mr. Salman F Rahman
Mr. Mohammad Lutfar Rahman
Mr. Abu Tahir Mohammad Golam Maruf
Mr. Aminur Rahman
Mr. Syed Anisul Huq
Mr. Mohammed Nayem Syed
Mr. Anwaruzzaman Chowdhury
Mr. Monirul Islam
Mr. Tanim Noman Sattar
713 Words | 5 Pages
Superintendent and School Board Relations
Superintendent and School Board Relationships
Simple arithmetic is not an easy task. Just like some students have difficulties with basic mathematics skills, so does the Superintendent. This is not to say that the Superintendent cannot do basic math. What this is really comparing is the challenging undertaking involved in counting four out of seven votes in favor of the Superintendent's recommendations. Swaying back and forth for Board votes is timely and very hard to accomplish, but...
1,299 Words | 4 Pages
Running for Executive Board - 1469 Words
Running For Executive Board
“All students interested in running for Executive Board, go to room 109,” the announcement repeated for the hundredth time that week .
Well, I guess it’s now or never, I thought to myself. Since sign-ups started, I had been arguing whether I should try out for the school’s Student Executive Board. Today is the day, I told myself. No more going back and forth on whether I should sign-up for something I believe in. Even if I lose against the so-called popular...
1,469 Words | 4 Pages
Board Effectiveness and Cost of Debt
BUSINESS RESEARCH METHODOLOGY
BOARD EFFECTIVENESS AND COST OF DEBT
2011 / 2012
Board Effectiveness and Cost of Debt
Does the board of directors influence cost of debt financing? This study of a sample of Spanish listed companies during the period 2004–2007 provides some evidence about the question. The results suggest that two board attributes – director ownership and board activity – appear to...
5,167 Words | 15 Pages
Management report to board - 866 Words
Management Reporting to the Board of Directors
BY RICK STEWART
#011 JUNE - JULY - 1987
This article deals with management reporting to the board of directors. Before I jump into specifics, however, let me establish a set of assumptions to work from. Of course, these are my assumptions. But in any case, articulating the assumptions in your cooperative concerning board-management relations is essential for discussing what is expected in management reports.
Your manager is your Chief...
866 Words | 3 Pages
Civilian Complaint Review Board
Established in its current incarnation in 1993 under the leadership of former New York City Mayor David N. Dinkins, the Civilian Complaint Review Board asserts to be the largest civilian oversight agency of its kind within the United States, and investigates thousands of civilian complaints each year. Even though it has only existed in its current form for a little over a decade, the conception of a board delegated power to investigate complaints about potential police misconduct predates the...
1,232 Words | 4 Pages
A Waste of Board Seat -2012
A 'Waste of a Board Seat'
WSJ, October 15, 2012
By Maxwell Murphy
Chief financial officers serving as directors at their own companies are a dying breed, thanks to a push for greater board independence.
Just 19 CFOs of Fortune 500 companies sit on their own boards as of earlier this year, down from 37 in 2005, according to new research by executive-recruiting firm SpencerStuart. And 11 of those CFOs joined their boards more than a decade ago, before the Sarbanes-Oxley Act of 2002 prompted...
988 Words | 3 Pages
Board Development Argumentative Thesis
An active, well-informed, well-trained Board of Directors (BOD) is absolutely essential to the success of the organization. The BOD for this organization is not unlike any other not-for-profit boards with less than 10 years in age. The boards of these organizations sometimes consist of inexperienced and unknowledgeable management professionals. New board members are excited to make good decisions and evoke proper change within the organization. They soon find out change is not quick...
2,219 Words | 6 Pages
Board Independence and Ceo Pay
The Effect of Board Independence on CEO Compensation
University of Groningen
Faculty of Economics and Business
In order to investigate the effects of board independence on total CEO compensation, I collected data from 256 UK listed firms. At the beginning, I assume the CEO compensation is lower with higher degree of board independence. However, I get totally...
4,827 Words | 17 Pages
Board Composition and Firm Performance
* Where is the cover page and its contents? Had it been there I might have commented on ur full title.
* Long paragraphs are observed. Pls put different ideas in different paragraphs.
* Be consistent in the use of terms for your variables.
* I read three critical sections in the interest of time: Methodology, Problem statement and objective. The purpose of such partial reading is not to stop ur progress. U can collect data, analyze it and write the whole...
9,488 Words | 27 Pages
School Board Obervation - 422 Words
Observing Carrollton-Farmers Branch ISD School Board Meeting
Yesterday I view the Carrollton-Farmers Branch ISD School Board meeting for the month of April 2013. The issues covered a wide agenda during this particular school board meeting. Topics such as student awards, payroll warrants, revised budgets, budget cuts, local merchant tax laws, the sale of real estate and Lindbergh building programs were all a part of the discussions throughout the course of the evening. The board...
422 Words | 2 Pages
School Board Paper - 1070 Words
School Board Meeting
I recently viewed a taping of a school board meeting. This school board meeting was in the Waterloo Community School District. The meeting was held in the board room at the Education Service Center. This center is located at 1516 Washington Street in Waterloo, Iowa. The meeting was held on March 26, 2012, at 6:00 p.m.
The board members that were present were Shanlee McNally, Sue Flynn, Andrea Sparks, and Lyle Schmitt. Also in attendance was President of the...
1,070 Words | 3 Pages
Board Resolution No. 08-2011
GENERAL TRIAS MUNICIPAL EMPLOYEES
4th Floor Municipal Hall, General Trias, Cavite
BOARD RESOLUTION NO. 08-2011
A RESOLUTION APPOINTING CHAIRMAN OF THE BOARD DENNISE R. COLUMNA, BOARD MEMBER TERESITA K. MORAL AND TREASURER SHIRLEY S. CARRILLO OF GENERAL TRIAS MUNICIPAL EMPLOYEES MULTI-PURPOSE COOPERATIVE TO ACT AS NEW SIGNATORIES AND PERFORM TRANSACTIONS FOR AND IN BEHALF OF THE COOPERATIVE AT GSIS FAMILY BANK (GENERAL TRIAS BRANCH) AS...
469 Words | 3 Pages
Role of Independent Director in Corporate Governance
Role of independent director in corporate governance
“Corporate Governance is the system by which companies are directed and controlled.”1
Corporate governance is integral to the existence of a company. It inspires and strengthens investor confidence by ensuring company’s commitment to higher growth and profits. The overall objectives of governance should be to maximize long term value and shareholders’...
4,337 Words | 15 Pages
Corporate Governace Role of Borad of Directors
If the board of directors have been more involved then I think maybe they would have caught on that there were fraudulent and unethical activities happening. However, since they were not proactive they were not able to stop the misbehavior from the company’s employees. The board of directors were to be held with as much fault as the culpants. The tax evasion, inflated profits, commingling of assets was illegal and the unauthorized bonuses that they were handing out were not authorized, but they...
1,807 Words | 6 Pages
Additions to Corporate Boards; the Effect of Gender
Journal of Corporate Finance 11 (2005) 85 – 106 elsevier.com/locate/econbase
Additions to corporate boards: the effect of gender
Kathleen A. Farrell a,*, Philip L. Hersch b
Department of Finance, University of Nebraska-Lincoln, Lincoln, NE 68588-0490, USA b Department of Economics, Wichita State University, USA Received 1 November 2003; accepted 1 December 2003 Available online 20 April 2004
Abstract During the decade of the 1990s the number of women serving on corporate boards...
12,771 Words | 34 Pages
Ibm Board Corporate Governance Guidelines
IBM BOARD CORPORATE GOVERNANCE GUIDELINES
1. Board Size 10-14 directors on the Board is optimal. This approach is flexible depending on the circumstances and the qualifications of proposed candidates.
2. Number, Structure and Function of Committees The number, structure, and function of Board Committees are reviewed periodically by the Directors and Corporate Governance Committee. The Audit Committee, Executive Compensation and Management Resources Committee, and the Directors and...
1,722 Words | 7 Pages
Effect of board diversity on firms performance
One of the most significant governance issues currently facing the managers, directors, and shareholders of the modern corporation is the gender, racial, and cultural composition of the board of directors. The issue has taken on a high public profile as a result of reports in the popular press, shareholder proposals from advocacy groups, and policy statements from major institutional investors. This is simply stated as Board of diversity which means different things to different...
2,546 Words | 8 Pages
making corporate boards more effective
Boards More Effective
Conducted by: Harvard Business School’s Jay Lorsch, Krishna Palepu, Guhan
Subramanian and Walter Salmon.
Synopsis Presented by: Brent Longnecker, Chairman and CEO of Longnecker &
Associates, Board Member of ATP Oil & Gas and AmReit.
Participants: Board members from various organizations. Half of the group was made
up of international representatives with a strong contingent from Africa, Australia, the
UK and other destinations. This proved...
1,867 Words | 11 Pages
The Board, the Executive and Good Corporate Governance
THE BOARD, THE EXECUTIVE & GOOD GOVERNANCE
Ladies and Gentlemen, this paper attempts to look at the board and individual directors in context to organisational development. To achieve this, the key roles and duties of the board and its directors will be fully reviewed in light of current corporate governance concerns. This paper relies heavily on Review of The Role and Effectiveness of Non-executive Directors – Higgs Review – (2003) and the Combined Code on Corporate Governance (2006) for...
2,363 Words | 9 Pages
Relationship Between Ceo and Chairman of the Board
Relationship betwwen chairman and CEO
The relationship between an association's CEO and board chair is a delicate one that can make or break the organization.
The tension between the executive and non-executive has been there for quite some time which is a clear indication that nobody seem to care about the sour relationship and that’s the problem of poor management and this shows that there is lack of communication.
Trust, Communication and Compromise are three fundamentals of any...
464 Words | 2 Pages
Enron, Board Governance and Moral Failings
Enron, board governance and moral failings
Gerald Zandstra is Director of Programs at the Acton Institute for the Study of Religion and Liberty, Michigan, USA.
Keywords Directors, Ethics, Responsibility, Corporate governance Abstract The failure of the Enron Corporation has brought attention to the roles played by the chief executive officer and other executives of the modern corporation. Its failure has also produced discussion of further regulations that will, it is hoped,...
3,525 Words | 10 Pages
The Gender and Ethnic Diversity of Us Boards and Board Committees and Firm Financial Performance
396 Corporate Governance: An International Review, 2010, 18(5): 396–414
The Gender and Ethnic Diversity of US Boards and Board Committees and Firm Financial Performance
David A. Carter, Frank D’Souza, Betty J. Simkins, and W. Gary Simpson*
ABSTRACT Manuscript Type: Empirical Research Question/Issue: We examine the business case for the inclusion of women and ethnic minority directors on the board. Speciﬁcally, we investigate the relationship between the number of women...
17,266 Words | 53 Pages
Women as Board Members: Gender Equality
As the world continues to evolve and grow, gender equality amongst board members of companies is still lagging behind the times. Women are typically underrepresented on boards and with no push from within corporations this trend will continue. Countries such as Norway and the United Kingdom are actively pushing corporations to diversify the boards of publicly held corporations to achieve a greater amount of gender equality.
Having low representation of women is concerning due to the fact that...
1,103 Words | 3 Pages
Company Law Directors Duties 1 Lecture 5
Directors Duties 1
Types of directors: Ordinary, de facto, shadow directors and non executive directors.
Table A section 80 is the cornerstone of corporate governance.
Gives the directors powers to act as they see fit for the benefit of the company.
Directors have a FIDUCIARY relationship with the company – trust and confidence. The distinguishing obligation of a fiduciary is the OBLIGATION OF LOYALTY.
Shadow directors – not appointed by the board – have a decisive say in managing from a...
1,712 Words | 5 Pages
Directors Fiduciary Duties A New Analytical Framework
Directors’ Fiduciary Duties: A New Analytical Framework
Prior to the enactment of the Companies Act 2006, the equitable principles on directors’
fiduciary duties of loyalty comprising the no-conflict and no-profit rules have been characterised
in the form of either a strict or flexible approach.1 Simply put, under the strict approach2, absent
the company’s informed consent, liability is automatically triggered if a director enters...
13,655 Words | 45 Pages
One Versus Two Tier Boards Paper 2
One versus Two-Tier Boards –advantages and disadvantages
Luke Vella Critien
When the structure and joint advantages and disadvantages of a one-tier board are compared to a two-tier board model the primary goal is to achieve a good governance among corporations (Peij & Brandjes, 2012). The most important goal of a good and sound governance system is to achieve the organizational goals whilst organizing and reconciling conflicting interest between shareholders, managers and other...
892 Words | 3 Pages
role of boards of senior management and senior management
To be completed by Student:
Name of module:
MANAGEMENT IN ENERGY AND NATURAL RESOURCES INDUSTRIES
Title of paper
CRITICALLY ANALYZE THE ROLE OF BOARD OF DIRECTORS AND SENIOR MANAGEMENT IN MANAGING ENTERPRISE RISK IN AN ENERGY COMPANY
To be completed by Staff: - FEEDBACK for student
Very good effort for critical approach,...
2,091 Words | 8 Pages
Should CEOs Be on the Board and Should They Have Voting Rights?
Should CEOs be on the Board?
By direction of the board, a foundation’s top executive staff person (titled CEO for this discussion) manages all aspects of the organization. CEOs typically oversee the foundation’s money, time and human resources and act as a liaison between the board and staff. Rather than keeping the CEO in a strictly managerial position, some boards award them a role in governance as well, offering the CEO full membership—and in some cases, voting rights—on the board. CEOs who...
3,099 Words | 10 Pages
The Different Types of Directors a Company May Have and Their Role Within the Company.
There are few types of directors a company may have. Managing director or chief executive officer is appointed in many companies. He is put in charge of managing the company’s daily business. A managing director may be conferred with any of the powers that the directors can exercise. He also performs a vital role in large companies because of the scale of the company’s business it is usually impractical for the board to actively carry out daily management and so it delegates its management...
401 Words | 1 Page
Principal-Agent Problems Are Caused by Insufficient Oversight by Company Directors
Discuss the following proposition in the context of the professional sporting clubs in this case (you may choose to focus upon only the Essendon Football Club): ‘Principal-Agent problems are caused by insufficient oversight by company directors.’
Corporate Governance is a complex field that started to develop very quickly this last decade. The collapse of international firms, the financial crisis, the international scandals, the pressure from the governments and non-profit organizations… are...
1,183 Words | 4 Pages
Earnings Management and Corporate Governance in Bangladesh (the Role of the Board and the Audit Committee)
Internship Report On Earnings Management and Corporate Governance in Bangladesh (The Role of the Board and the Audit Committee)
Prepared for: Mr. Shubhankar Shil. Assistant Professor, School of Business University of Liberal Arts Bangladesh (ULAB)
Prepared by: Rashed Hossain ID: 092011001 Concentration: Finance School of Business University of Liberal Arts Bangladesh (ULAB)
April 27, 2013
Mr. Shubhankar Shil. Assistant Professor, School of Business University of Liberal Arts...
9,328 Words | 31 Pages
Cloud Income Properties Announces New Chairman of the Board Jeff Fagin
Cloud Income Properties Announces New
Chairman of the Board Jeff Fagin
Cloud Income Properties Inc., (Cloud) today announced the election of Mr. Jeff Fagin to
Chairman of the Board by a unanimous vote of the Board of Directors.
Phoenix, Arizona, August 26, 2014 /PressReleasePing/ - Cloud Income Properties Inc.,
(Cloud) today announced the election of Mr. Jeff Fagin to Chairman of the Board by a
unanimous vote of the Board of Directors.
Jeff Fagin brings over 35 years...
351 Words | 2 Pages
Meta Analytic Reviews Of Board Composition Leadership Structure And Finan
Strategic Management Journal, Vol. 19, 269–290 (1998)
META-ANALYTIC REVIEWS OF BOARD
COMPOSITION, LEADERSHIP STRUCTURE, AND
DAN R. DALTON1, CATHERINE M. DAILY1*, ALAN E. ELLSTRAND2 AND
JONATHAN L. JOHNSON3
School of Business, Indiana University, Bloomington, Indiana, U.S.A.
College of Business Administration, California State University, Long Beach, California, U.S.A.
School, of Business Administration, University of Arkansas, Fayetteville, Arkansas, U.S.A.
14,343 Words | 72 Pages
Foreign Board Membership and Firm Value in Korea Hyang Mi Choi, Wonsik Sul, Sang Kee Min
Emerald Article: Foreign board membership and firm value in Korea Hyang Mi Choi, Wonsik Sul, Sang Kee Min
To cite this document: Hyang Mi Choi, Wonsik Sul, Sang Kee Min, (2012),"Foreign board membership and firm value in Korea", Management Decision, Vol. 50 Iss: 2 pp. 207 - 233 Permanent link to this document: http://dx.doi.org/10.1108/00251741211203533 Downloaded on: 18-11-2012 References: This document contains references to 72 other documents To...
11,270 Words | 35 Pages
CPA 118 ETHICS NOTES
The wellbeing of society
The pursuit of excellence
Code of Ethics for Professional Accountants (APESB 2010)
Ensure high-quality service consistent with the reputation of the profession.
It provides guidance in conflict situations.
Conceptual framework approach
The code provides a conceptual framework approach to the application of the fundamental principles of professional conduct:
Honest and trust....
6,292 Words | 26 Pages
Proton 2011 Annual Report
Unlocking our Potential
...with pride, passion and unrelenting progress
PROTON Holdings Berhad
Annual Report 2011
We move ahead with pride, passion and progress by delving deeper to achieve
Breakthroughs in Technology and Innovation.
The heart of the vehicle is monitored by the intelligent electronic traction master that communicates with other electronic control units.
The vehicle’s energy comes from the 16kwh lithiumion battery cells designed using German...
83,870 Words | 299 Pages
satyam scam - 1577 Words
Satyam Scam – Indian Corporate Fraud
THE SATYAM SCAM…
(RAJU NOT THE GENTLEMAN)
India’s Enron, the biggest corporate fraud of Indian History
The recent disclosure by the chairman of Satyam Computers, Ramalinga Raju uncovered the biggest corporate fraud of India which by some has been regarded as similar to Enron. The letter sent by Raju to the board of Satyam, regulator, exchanges shocked the whole country and company’ s share at the exchanges hitted a life low of 30 from the intraday...
1,577 Words | 6 Pages