The Supervisory Board in Europe In some European countries there is a dual-board organization that has both a management and supervisory board. The supervisory board and a corporate governance called co determination work together. This model gives hope to solving the governance issue with derivatives clearinghouse. This organization called German AG is mandated by the German Federal Stock Corporation Act and it forces every company to have a management board and a supervisory board (Griffith,…
One of the greatest decisions facing corporate directors today is whether corporations should concentrate on shareholder interests or stakeholder interests. Shareholder theory states a manager’s “responsibility is to conduct the business in accordance with shareholder desires, which generally will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom” (Milton Freidman). Whereas Stakeholder theory…
By public, I refer to John Dewey’s interpretation of these terms; to any who are effected either directly or indirectly by actions of private parties, and by private, meaning those with the power to change or alter their environment. Public school board meetings are such spaces. It allows for the consumers of education to be heard by the “producers” of education, or staff personnel involved. Ideally, concerns and…
did not step down. Four doctors and nurse representatives met with the board of trustees to deliver the petition. The petition accused Wherry of being incompetent, devious, acting in an unprofessional manner along with several other allegations. Wherry defended himself against the allegations that were brought forth by the medical…
Catan—More than a Board Game Tensions are high and everyone is extremely focused, which simply means everyone is close to winning the game. Relief hits me as I roll a 3 and acquire the ore resource card I’ve been patiently waiting to pick up for 3 rounds. I combine that ore with a wool and grain resource and draw a development card. As I look at the card, my heart begins to race. While keeping a poker face, I pass the dice to the next player knowing I can win on my next turn if nobody else…
different when it comes to placing major importance on this concept. Currently, Scientific Games has a board that elects all 11 members on an annual basis and 8 of those 11 are independent director nominees. Their board committees are independent other than the Executive and Finance as well as the Compliance Committee. Chairman and Chief Executive Officer roles are separated and there are regular board and committee self-evaluations. The company provides cash and equity compensation “clawback”…
is part art and part science, and it is an integral part of the not-for-profit organization. If the organization does not have enough money to operate, it will be a serious problem and a board of directors has to shoulder responsibility for the fault. Fundraising is a major role of the board, but both the board and staff must have responsibility and ability to raise funds for the smooth operation of the organization (Fundraising Ideas). Not-for-profit organizations are highly dependent upon…
In high school I was very active in student council, Murray County Leadership, and honors and AP classes. I have gone to a few Board of Education meetings before. However, going in with the eyes of a future teacher and educated on issues that are plaguing the American education system, was very thought-provoking. Before, I was very focused on my part of the meetings and what I was to accomplish at the meetings. This time I sat in the audience with the other teachers and parents. I found that I…
that outside directors have a weaker orientation in economic performance which exhibit greater concern about the component of corporate responsiveness. Growing interest in the corporate social responsiveness of business, the proportion of outside board members has increased as a result. Besides, the degree of religiousness and cultural differences have an impact on individual corporate social responsiveness orientation. Angelidis & Ibrahim (2004) mention that religiousness related to…
Every company is headed by a board which is responsible for the profits or losses of the company. The board of directors is the most important decision making body within a company. The very same reason makes it important to place reasonable checks and balances on the directors so as to ensure that the actions of the directors are always in the best interest of the company. During the course of management of the company, the directors get to decide whether a company can enter into a lawsuit or…