Board of directors

Classified boards may be effected through provisions in a corporation’s certificate of incorporation or in a corporation’s bylaws. Effecting a classified board in the certificate of incorporation maximizes protection to the board because it is more difficult to remove the classified board provision and declassify the board effected in a charter than in a corporation’s bylaws . If a corporation’s certificate of incorporation contains a provision classifying the board of directors,…

the transaction did not take place. As it went to the Delaware Court for litigation, the court upheld the board of director’s stance that the organization was not obligated to make this transaction in order to maximize shareholder value in the short term realm (Stout, 2012). Even though a firm is supposed to exist for the maximization of shareholder wealth, in this case the board of directors argued that in the long run, the organization would be better served to stay the course and not sell…

currently has a board of directors composed of 14 members, 4 of which are women, this is a 30% representation, we could wish that the Corporate Governance role model is not only perfect in his application and leading position of Corporate Governance application and constant improvement/update and shows the way by electing more women on his board, maybe even a 50% representation. Mr. Buffett has mentioned in his 2014 Letter to Shareholders…

business and as he qualified as a director he has the suitable requirements for the position Sevi Garcia- Not suitable as he is insolvent Ajay Sinh- No as he holds personal interest in the company through family’s shares. 1.2 The distribution of the dividends to the shareholders for the sale of the land needs to be approved by the Board. It must not hold any legal obligation or court orders. The company must ensure that once the dividends have been distributed that…

The Learning Center’s semi-annual FLOCS assessment was coming up soon. The Learning Center director had to make sure all of the client paperwork was in order and I had to make sure the fire inspection was completed prior to the FLOCS assessment. Dealing with the country Fire Inspectors was not an easy task. Normally a Fire Inspector would come arrive for the inspection in late May or Early June, but apparently they were very busy this year and were running behind schedule. Several calls were…

proved that the focus on the impact of management monitoring. In particularly, factors which are turnover of CEO, Equity-based board of directors (BoDs) compensation, board independence and innovative knowledge assets could have correlation…

should be put in place to ensure that the external auditors. It should start by the board establishing an audit committee and the company CEO, as the chief financial officer, should state to the board that the financial reporting of BHP Billiton presents a true and fair perspective in the different aspects of the financial position of the company. The audit committee presents an efficient mechanism than that of the board when focusing on the issues relevant to the verification and safeguarding…

The benefits of the Sarbanes-Oxley Act are that it created greater accountability by top management and board of directors to employees (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). The greater accountability will force a business to provide an investment to the stakeholders rather than collect excessive compensation and other benefits (Thorne, O. Ferrell, &…

Nonprofit organization manager’s decisions depend on the boards of directors, the board of director members are responsible for overseeing and supporting nonprofit financial management, plans, and other decisions. The board members ensure the use of financial donations according with contributors’ agreement and the case mission statement. Therefore, a great system of safeguarding a legal or wise monetary management is through documentations, such as, financial policies. A conflict of Interest…

committees in Computacenter board group, Audit Committee, Nomination Committee and Remuneration Committee. Leader group in the company consist of 9 main people. Greg Lock, the person response as non-executive chairman and the chairman of the nomination committee; Mike Norris, the chief executive officer of the company; Tony Conophy, the group finance director; Peter Ogden, the non-executive director; Philip Hulme, the non-executive director; Regine Stachelhaus, the non-executive director; John…