Starbuck’s stock is publicly traded on the New York Stock Exchange as SBUX. Each non-employee Board Director is required to hold at least $480,000 in the Company’s common stock. This stock amount must be obtained within four years if elected to the board after June 5, 2012 (Starbucks, 2016). (finance.yahoo, 2016)
Committee Structure, Membership and Responsibilities
The main duty imposed on the Starbuck’s Board of Directors is to promote the best interests of the Company and its shareholders by overseeing the management of the Company’s business and affairs. They have two main legal obligations, first, the duty of care, which requires the Board members to utilize appropriate diligence in making decisions …show more content…
They are to annually review and approve the performance measures and performance targets for all executive and senior management who are eligible for the bonus plan and long-term incentives. They then certify the performance criteria has been met. This committee along with the chair of the Nominating Governance Committee meets with the Chair/CEO and goes over his performance review. They also, annually review and approve the management development and succession planning practices and strategies. This committee is tasked with determining levels of management stock ownership, and double checks to see if the levels are accurate. The Compensation and Management Development Committee also reviews the compensation packages to make sure they do not create a material risk for the company. Lastly, this committee works with senior management to manage the succession planning process of executive and senior management. The Nominating and Corporate Governance Committee, consists of James G. Shennan (Chairman), Craig E. Weathercup, Robert M. Gates, William W. Bradley, Joshua Cooper Ramo, and Clara
Committee Structure, Membership and Responsibilities
The main duty imposed on the Starbuck’s Board of Directors is to promote the best interests of the Company and its shareholders by overseeing the management of the Company’s business and affairs. They have two main legal obligations, first, the duty of care, which requires the Board members to utilize appropriate diligence in making decisions …show more content…
They are to annually review and approve the performance measures and performance targets for all executive and senior management who are eligible for the bonus plan and long-term incentives. They then certify the performance criteria has been met. This committee along with the chair of the Nominating Governance Committee meets with the Chair/CEO and goes over his performance review. They also, annually review and approve the management development and succession planning practices and strategies. This committee is tasked with determining levels of management stock ownership, and double checks to see if the levels are accurate. The Compensation and Management Development Committee also reviews the compensation packages to make sure they do not create a material risk for the company. Lastly, this committee works with senior management to manage the succession planning process of executive and senior management. The Nominating and Corporate Governance Committee, consists of James G. Shennan (Chairman), Craig E. Weathercup, Robert M. Gates, William W. Bradley, Joshua Cooper Ramo, and Clara