ARTICLE IN PRESS Journal of Financial Economics 73 (2004) 497–524 Who is in whose pocket? Director compensation, board independence, and barriers to effective monitoring$ Harley E. Ryan Jr.a,*, Roy A. Wiggins IIIb a Department of Finance, E. J. Ourso College of Business Administration, Louisiana State University, Baton Rouge, LA 70803, USA b Department of Finance, Bentley College, Waltham, MA 02452, USA Received 8 October 2003; accepted 18 November 2003 Available online 9 June 2004
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Clause 49 of Listing Agreement The company agrees to comply with the following provisions: I. Board of Directors (A) Composition of Board i. The Board of directors of the company shall have an optimum combination of executive and non-executive directors with not less than fifty percent of the board of directors comprising of non-executive directors. ii. Where the Chairman of the Board is a non-executive director, at least one-third of the Board should comprise of independent directors
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Week 2 Paper (Case Study) HCS615/Dr. Cheryl Chance Jacque Hartnett 1. Why was the CEO going ahead with the dismissal when he did? The CEO probably felt this was his only opportunity to get rid of Dr. Dulac before the chairman came back from vacation. Just because the chairman was friends with Dr. Dulac and also a patient of his, the chairman should have put that aside
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Memorandum To: Board of Directors From: Date: 3/1/15 Re: Corporate Culture Purpose Due to recent issues involving your last CEO I recommend you evaluate and clearly define the role of the board of directors as well as the roll of the CEO. The role of the board is to ensure that your organization is accomplishing its mission by developing policies that guide the operation of organization and by monitoring the finances of the organization. Role and Authority of Board Member and/or
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The Australian legal system has not given the first land owners fair and just human rights but recently Indigenous Australian customary laws have started to be acknowledged. When the British Empire colonised Australia, the sovereignty of Native Australians were not recognised (Mabo v Queensland [1992]). Along with land rights, their right to hunt and fish have also been restricted which could account for the overrepresentation of Indigenous Australians in prison. “[Their] right to pursue a traditional
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On the day of June 23, 1972 Title IX of the Education Amendments was enacted by Congress and signed into law by United States President Richard Nixon. On this monumental day, women across the entire United States would no longer be discriminated on the basis of sex. Thirty-seven that would change everything, "No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity
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The mabo decision was a significant event held in 1992, the mabo decision was an argument between the aboriginal and Torres strait islanders against Queensland. The argument was about the legal rights to the land of mer on the Torres strait which both Queensland government and aboriginal/Torres strait islanders believed they owned. The argument was so significant that it involved the high court of Australia to finalise the decision. Who Is Eddie Mabo and what is his perspective on the issue? Eddie
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Research and Basics on Board Member Selection According to the Part 8 of Companies Act, "The business and affairs of a company must be managed by, or under the direction or supervision of, the board of the company."Before the selection process, we defined the board and its duties as the following general aspects: 1) Replacement of CEO; give approval for large investment; issue authorized shares and bonds; decide compensation of CEO; approve M&A transaction. 2) The boards of directors should
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Building Value through through Values,Valor & Vision Valor & OSIM INTERNATIONAL LTD Annual Report 2012 Calligraphy: An art form that requires careful thought, strength, character, patience, philosophy and point of view. An apt representation of what drives OSIM forward. Sales $ +$48 million 602 Profit before tax $ +17% million 115 87 million EBITDA $ +13% 126 Profit after tax $ +26% million million For year ended 31 December Sales Profit EBITDA Before
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Eagle Computers Organizational Structure Akpene Addo Teye Grand Canyon University: GKT - 660 October 30, 2013 Instructor: J. G. EAGLE COMPUTERS ORGANIZATIONAL STRUCTURE Every organization needs a management team which will see to the day-to-day activities of the organization. Without a management team, there is no direction for the organization, which could be likened to a house without the head. Eagle Computers cannot see progress without these teams of workers
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