Board of directors Essays & Research Papers

1.0 Introduction 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...

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...

1. Topic: Effective Board of Directors 2. Six Steps to Building an Effective Board By:Bruce R. Evans 3. Summary: 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...

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,...

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...

Satyam: 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...

 TABLE OF CONTENTS______________________________ Page Abbreviations…………………..............................................................................iii 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...

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...

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...

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...

Mandatory Disclosure By Loyola Institute of Business Administration Loyola College, Chennai – 600 034 I. Name of the Institution Name Loyola Institute of Business Administration Address Temporary Location (if applicable) Permanent Location as approved by AICTE Loyola College Village 1, Sterling Road Taluk Nungambakkam District Chennai PIN 600 034 State Tamil Nadu STD Code 044 Phone No. 28 17 71 00 Fax No. 28 17 31 83 E-Mail...

44 AIRASIA BERHAD ANNUAL REPORT 2007 BOARD OF DIRECTORS from left to right 1. Dato’ Mohamed Khadar bin Merican 2. Conor Mc Carthy 3. Dato’ Kamarudin bin Meranun 4. Dato’ Anthony Francis Fernandes ANNUAL REPORT 2007 AIRASIA BERHAD 45 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 DIRECTORS’ PROFILE DATO' PAHAMIN AB. RAJAB, Malaysian, aged 62, an...

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...

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...

------------------------------------------------- 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...

Lydia Butler Board of Directors Apple A. Board of Directors 1. William V. Campbell Chairman Intuit, Inc. (external) 1983 Tim Cook CEO 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 Andrea Jung Chairman and Chief Executive Officer Avon Products, Inc. (external) 2008 Arthur D. Levinson, Ph.D. Chairman and Chief Executive Officer...

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...

BUSN7045: Corporate Governance Case Study 1 Jiachen Lyu u5264027 1 Evaluation of the Board of Directors of Coca-Cola Amatil Jiachen Lyu 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...

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...

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...

Title: Case 5 Hewlett- Packard’s Secret Surveillance of Directors and Journalist Martha E Richard Aiken Technical College Abstract 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...

Corporate Governance 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...

PressReleasePing 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...

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...

Board of Directors Jaime Augusto Zobel de Ayala Chairman Gerardo C. Ablaza, Jr. Co-Vice Chairman Mark Chong Chin Kok Co-Vice Chairman Ernest Cu Director, President and CEO Delfin Lazaro Director Manuel A. Pacis Independent Director Romeo L. Bernardo Director Tay Soo Meng Director Fernando Zobel de Ayala Director Guillermo D. Luchangco Independent Director Xavier P. Loinaz Independent Director Romeo L. Bernardo Mr....

218 CORPORATE GOVERNANCE 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...

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...

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....

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...

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...

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. Introduction: The remuneration of company...

Directors 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.[6] 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...

❖ 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 Civil penalties 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....

Removal director Summary 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...

Hampton Park Pty Ltd (HP) Synopsis. 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...

INTRODUCTION 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....

GUIDELINES FOR DIRECTORS’ REMUNERATION 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...

Case Analysis 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...

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...

RESOLUTIONS, MEETINGS & MINUTES UNDER THE COMPANIES ACT 1956 A Presentation by KAUSHIK M JHAVERI PRACTISING COMPANY SECRETARY E-Mail : kmjandco@gmail.com CS KAUSHIK M JHAVERI 1 RESOLUTIONS 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...

Board composition 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...

Beer Industry Budweiser and Tsingtao 12/17/2010 MIBO ------------------------------------------------- Group 3.4 Table of Content Introduction 3 Literature review 4 Conceptual framework 4 Background 5 Tsingtao 5 AB InBev 6 Pest Analysis 7 Budweiser 7 Political Factors 7 Economic Factors. 8 Sociocultural Factors. 8 Technological Factors. 8 Tsingtao 8 Political Factors 8 Economic Factors 9 Sociocultural Factors 9 Technological Factors 9 Research 9...

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...

‘The director of a company owes a fiduciary duty to the company’. Do you agree with this statement? Introduction 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...

DIRECTORS PROFILE 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...

INDEX Topic Page No. 1) Introduction 1 2) Types of Director 1 3) What is an Independent Director 2 4) Role of an Independent Director...

Response Paper 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...

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...

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...

“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.” Discuss. Introduction 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...

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...

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...

BOARD OF DIRECTORS IFIC BANK,DHAKA. 01. Mr. Salman F Rahman Honourable Chairman 02. Mr. Mohammad Lutfar Rahman Honourable Director 03. Mr. Abu Tahir Mohammad Golam Maruf Honourable Director 04. Mr. Aminur Rahman Honourable Director 05. Mr. Syed Anisul Huq Honourable Director 06. Mr. Mohammed Nayem Syed Honourable Director 07. Mr. Anwaruzzaman Chowdhury Honourable Director 08. Mr. Monirul Islam Honourable Director 09. Mr. Tanim Noman Sattar Honourable...

The Recalcitrant Director at Byte, Inc.: Corporate Legality Versus Corporate Responsibility I. ABSTRACT 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...

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...

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...

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...

ABSTRACT 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...

The Effect of Board Independence on CEO Compensation by Shu Li University of Groningen Faculty of Economics and Business June 2012 Spieghelstraat 10 9721JW Groningen 0614398093 S.Li.9@student.rug.nl S2181045 ABSTRACT 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...

General Comments: * 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...

5/2/13 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...

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...

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...

BUSINESS RESEARCH METHODOLOGY BOARD EFFECTIVENESS AND COST OF DEBT by : FARUQ AKURAT 100810251004 ECONOMIC FACULTY JEMBER UNIVERSITY 2011 / 2012 Board Effectiveness and Cost of Debt ABSTRACT 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...

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...

GENERAL TRIAS MUNICIPAL EMPLOYEES MULTI-PURPOSE COOPERATIVE 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...

Summary and discussion of Richard Nolan and F. Warren McFarlan’s article “Information Technolgy and the Board of Directors” published in 2005 by Harvard Business Review. Information Technology and the Board of Directors In this article the authors show how board members can recognize their firms’ position and decide whether they should take a more aggressive stance. They illustrate the conditions under which boards should be less or more involved in IT decisions. Furthermore, they...

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...

Role of independent director in corporate governance Contents INTRODUCTION “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’...

Directors: Qualification/disqualification, appointment, duties and liabilities of directors. Also, explain ‘independent directors’ and their responsibilities. Company law in Malaysia is governed by Companies Act 1965. This Act is modelled on English Companies Act 1948 and Australian Uniform Companies Act 1961. Therefore, references will be made to English and Australian cases for interpretation of the law on certain areas. In every company there are directors to manage and direct the...

Journal of Corporate Finance 11 (2005) 85 – 106 www.elsevier.com/locate/econbase Additions to corporate boards: the effect of gender Kathleen A. Farrell a,*, Philip L. Hersch b a 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...

INTRODUCTION 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...

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...

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...

Enron, board governance and moral failings Gerald Zandstra 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,...

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 corg_809 396..414 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...

Making Corporate Boards More Effective Part 2 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...

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...

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...

Directors’ Fiduciary Duties: A New Analytical Framework ___________________________________ Ernest Lim* INTRODUCTION 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...

One versus Two-Tier Boards –advantages and disadvantages Luke Vella Critien Introduction 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...

 To be completed by Student: Module code: Name of module: CP51035 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 Student no: 130021015 To be completed by Staff: - FEEDBACK for student Highly satisfactory Satisfactory Requires development Comment Structure ⱱ Analysis ⱱ Very good effort for critical approach,...

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...

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...

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...

Strategic Management Journal, Vol. 19, 269–290 (1998) META-ANALYTIC REVIEWS OF BOARD COMPOSITION, LEADERSHIP STRUCTURE, AND FINANCIAL PERFORMANCE DAN R. DALTON1, CATHERINE M. DAILY1*, ALAN E. ELLSTRAND2 AND JONATHAN L. JOHNSON3 1 School of Business, Indiana University, Bloomington, Indiana, U.S.A. College of Business Administration, California State University, Long Beach, California, U.S.A. 3 School, of Business Administration, University of Arkansas, Fayetteville, Arkansas, U.S.A. 2 Careful...

PressReleasePing 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...

The Companies Act puts forward many responsibilities and duties on directors of a company. Which of those duties do you consider to be more pertinent to the role which directors are called upon to exercise in the context of Corporate Governance in Mauritius? Introduction In Mauritius, every company must be registered with the Registrar of company. Upon registration, it must be specified whether the company is limited or unlimited. To be able to incorporate a business, the company must have...

Management Decision Emerald Article: Foreign board membership and firm value in Korea Hyang Mi Choi, Wonsik Sul, Sang Kee Min Article information: 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...

A. INTRODUCTION Industrialisation and globalisation has resulted in the massive expansion of companies and the number of its owners which has in turn led to a separation of ownership and control and the dependence on directors to run the affairs of the company. Corporate decisions affecting the existence of companies are also placed in the hands of these few. This essay seeks to review the duties of directors under UK and US laws in takeover situations and how the courts interpret the...

MEMORANDUM TO: Board of Directors, TopCo FROM: xxx , Corporate Governance Analyst DATE: 3th March, 2013 RE: Analysis of relationship between corporate governance and corporate performance; ------------------------------------------------- Analysis of relationship between Board diversity and corporate performance ------------------------------------------------- In view that corporate performance may be influenced by corporate governance and the...

M 2 Professional ethics Service Ideal The wellbeing of society The pursuit of excellence Community service 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: 1. integrity Honest and trust....

Unlocking our Potential ...with pride, passion and unrelenting progress PROTON Holdings Berhad Annual Report 2011 (623177-A) 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...

Contents Notice Directors’ Report including Management Discussion and Analysis Report Report on Corporate Governance Auditors’ Report Balance Sheet Profit and Loss Account Cash Flow Statement Notes 4 14 24 38 44 45 46 48 1 Year Summary Ten Year Financial Summary ` in Lakhs Nov 2002± Sources Sources of Funds Shareholders’Fund Share Capital Share Capital Suspense A/c Reserves and Surplus Total Shareholders’ Funds Borrowed Funds Secured Loans Unsecured Loans Total Application...

Export Credit Guarantee Corporation of India Ltd [Pursuant to 384th Meeting of Board of Directors dated 8th February, 2013 Agenda No: A-15] CUSTOMER GRIEVANCE REDRESSAL POLICY 1. The Grievance redressal mechanism of an organization is the gauge to measure its efficiency and effectiveness as it provides important feedback on the working of the Organization. The main purpose of a Grievance Policy is to place an appropriate mechanism whereby the Customer who believe(s) that he/ she has been...

Hilti 2003. Maintaining a Proactive Sense of Urgency As of 2003, the Hilti Group was a world leader in developing, manufacturing, and marketing added-value, top-quality products and services for professional customers in the construction industry and building maintenance. Hilti’s product range covered drilling and demolition, direct fastening, diamond and anchoring systems, firestop and foam systems, installation, positioning and screw fastening systems as well as cutting and sanding...