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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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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Mango Peruvian Cuisine TO: FROM: DATE: 1/13/2013 SUBJECT: Tuition Reimbursement for Wine Course A week ago, I receive your letter requesting tuition reimbursement for the Wine Course you are taking with University of Missouri Saint Louis. It was delightful for me to see that you are making an effort to further develop your skills for your current position and admire your dedication. For this reason, it is my pleasure to grant your request, within the terms and conditions outlined
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Firstly, in order to decipher the distinctive function that art performs in society. We must first decide what truly a work of art is. In my opinion, a work of art should be an artifact and the purpose of it should be to communicate and express thoughts and emotions. The history of art is vast as the earliest cave writings go back to approximately thirty thousand years. In class, we have discussed various functionalist theories of art and the question arose whether or not there is a distinctive
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CANDICE DAVIS 6108 Sherry Ave, Saint Louis, MO 63136 | H: (314)546-7346 | C: (314)546-7346 | hotcandice1@gmail.com Summary Power Plant Operator skilled in the operation of the power generating stations, preventative maintenance and component assembly. Responsible for Using a Variety of Equipment to Move Products Maintain a Safe Warehouse Area Taking Inventory of ProductsDetail-oriented Assembler Worker highly efficient in leading shipping and receiving operations. Able to lift 75 Hardworking
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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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