“Deconstructing Independent Directors”(*) María Gutiérrez Maribel Sáez Universidad Carlos III de Madrid and ECGI Universidad Autónoma de Madrid January 2012 Abstract In this paper we argue that boards of directors lack the mandate, the incentives and the ability to control insiders, especially in jurisdictions where the main agency problem arises between controlling and minority shareholders. We analyze the problems that render independents an inefficient monitoring device for
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The Home Depot 2008 Annual Report Dear Shareholders: In 2008, our retail sales declined by 7.8 percent, with comp sales down 8.7 percent. Our adjusted earnings per share from continuing operations declined 22 percent. In ordinary times, these would be very disappointing results. But 2008 was not an ordinary year. Despite the difficult economic environment, we continued to improve our retail business, through investing in our associates and our stores, rebuilding our supply chain and
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No. Time 1 0.000000 Source Hewlett- 69:b3:1a Destination Broadcast Protocol Length Info ARP 60 Who has 192.168.1.4 Frame 1: 60 bytes on wire (480 bits), 60 bytes captured (480 bits) Ethernet II, Src: Hewlett-_69:b3:1a (10:1f:74:69:b3:1a), Dst: Broadcast (ff:ff:ff:ff:ff:ff) Address Resolution Protocol (request) No. Time 2 0.000000 Source 192.168.1.109 Destination 239.255.255.250 Protocol Length Info SSDP 175 M-SEARCH * HTTP/1.1 Frame 2: 175 bytes on wire (1400 bits), 175 bytes captured (1400
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LEY FEDERAL DEL TRABAJO Cámara de Diputados del H. Congreso de la Unión Secretaría General Secretaría de Servicios Parlamentarios Centro de Documentación, Información y Análisis Última Reforma DOF 17-01-2006 LEY FEDERAL DEL TRABAJO Nueva Ley publicada en el Diario Oficial de la Federación el 1º de abril de 1970 TEXTO VIGENTE Última reforma publicada DOF 17-01-2006 Al margen un sello con el Escudo Nacional, que dice: Estados Unidos Mexicanos.-Presidencia de la República. GUSTAVO DIAZ ORDAZ
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Universidad Católica de Santiago de Guayaquil Facultad de Especialidades Empresariales Carrera de Turismo y Hotelería Proyecto de Investigación previo a la Obtención del Título: Ingeniería en Administración de Empresas Turísticas y Hoteleras Bilingüe Tema: “Proyecto para la Creación de Ayangue Bahía Hotel & Resort como Complemento para la Promoción y Desarrollo de Opciones Turísticas en la Comuna de Ayangue” Guayaquil, Noviembre del 2012 Proyecto para la Creación de
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equals the lowest doping density in the pn juinction structure (the n-side in this problem). Thus È q Eg 1 1 ˘ Ï ¸ ni(Ti) = Nd = 1014 = 1010 exp Í - 2k ÌT - 300˝˙ Î Ó i ˛˚ Solving for Ti using Eg = 1.1 eV, k = 1.4x10-23 [1/°K] yields Ti = 262 °C or 535 °K. 19-2. 1 1 N-side resistivity rn = q m N = -19)(1500)(1014) = 43.5 ohm-cm (1.6x10 n d 1 1 P-side resistivity rp = q m N = = 0.013 ohm-cm p a (1.6x10-19)(500)(1018) 19-3. Material is n-type with Nd = 1013 cm-3 >> ni = 1010 cm-3. Hence
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www.citirerapida.ro -1- Autor: Vlad Ciocan ©2004, Toate drepturile sunt rezervate www.citirerapida.ro -2- Această carte este protejată sub legea dreptului de autor, Legea Nr 8/1996 aplicată în România. Este ilegală copierea sau distribuţia acestui manual sau a unor fragmente din acest manual prin orice mijloace fără acordul autorului. Această carte îţi aparţine ţie. www.citirerapida.ro -3- Bun venit în Clubul Citire Rapidă. Îţi mulţumesc pentru că ai cumpărat cartea “Citire
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Stock Picking Skills of SEC Employees Shivaram Rajgopal Schaefer Chaired Professor of Accounting Goizueta Business School Emory University 1300 Clifton Road NE, Atlanta, GA 30030 Email: shivaram.rajgopal@emory.edu Roger M. White PhD Student in Accounting J. Mack Robinson School of Business Georgia State University Email: rwhite42@gsu.edu Preliminary and incomplete Comments welcome This draft: February 18, 2014 Abstract: We use a new data set obtained via a Freedom of Information Act request
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DFP - Demonstrações Financeiras Padronizadas - 31/12/2012 - AES SUL DISTRIB. GAÚCHA DE ENERGIA S.A. Versão : 2 Índice Dados da Empresa Composição do Capital 1 Proventos em Dinheiro 2 DFs Individuais Balanço Patrimonial Ativo 3 Balanço Patrimonial Passivo 5 Demonstração do Resultado 8 Demonstração do Resultado Abrangente 10 Demonstração do Fluxo de Caixa 11 Demonstração das Mutações do Patrimônio Líquido DMPL - 01/01/2012 à 31/12/2012 13
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SOLUTIONS TO EXERCISES AND CASES For FINANCIAL STATEMENT ANALYSIS AND SECURITY VALUATION Stephen H. Penman Fifth Edition CHAPTER ONE Introduction to Investing and Valuation Exercises Drill Exercises E1.1. Calculating Enterprise Value This exercise tests the understanding of the basic value relation: Enterprise Value = Value of Debt + Value of Equity Enterprise Value = $600 + $1,200 million = $1,800 million (Enterprise
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