board of directors- a group of persons chosen to govern the affairs of a corporation or other large institution directorate board- a committee having supervisory powers; "the board has seven members" staggered board of directors- a board of directors a portion of whose members are elected each ...
Hermalin, B., and Weisbach, M., (1998), "Endogenously Chosen Board of Directors and Their Monitoring of the CEO", American Economic Review, 88, 96-118.Hermalin, Benjamin E., and Micheal S. Weisbach, "Endogenously Chosen Boards of Direc- tors and Their Monitoring of the CEO,"American ...
A fundamental issue in governance research is how boards can be chosen through a process partially controlled by the CEO but yet can still be somewhat effective in monitoring the CEO. We offer an answer based on a model in which board effectiveness is a function of the board's independence....
12. Any casual vacancy occurring in the Board of Directors may be filled up by the Directors, but the person so chosen shall be subject to retirement at the same time as if he had become a Director on the day on which the Director in whose place he is appointed was last elected a Di...
Who is the head of the board of directions of company? President, senior manager, manager, director, general manager. Who is responsible for appointing the managing director? The government, the labor union, the senior management, the board of directors. What is the overall responsibility of ...
In more and more countries, people choose to give money on special occasions rather than giving gifts chosen personally. Why might this be the case? Is it a positive or a negative development? Give reasons for your answer and include any relevant examples from your own knowledge or experience...
In addition, the Board of Directors should be informed about the risks of non-compliance and the adequacy of the company’s compliance program. A compliance audit report developed by an attorney is not discoverable in an investigation or lawsuit because of the attorney-client privilege. Hence, ...
a person or thing that directs, eg one of a group of persons who manage the affairs of a business or a person who is in charge of the making of a film, play etc. He is on the board of directors of our firm; The producer and the director quarrelled about the film.director, direc...
5. Unless and until the Company in General Meeting shall otherwise determine, the 5. Unless and until the Company in General Meeting shall otherwise determine, the number of Directors shall not be ...
encompassesoutside directors, chosen externally and considered independent of the company. The role of the board is to monitor a corporation's management team, acting as an advocate for stockholders. In essence, the board of directors tries to make sure that shareholders' interests are well served...