Search results
Results from the WOW.Com Content Network
Center for Interfaith Relations Board of Directors meeting. A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's ...
Boards should regularly and formally evaluate the performance of the CEO, other senior managers, the board as a whole, and individual directors. Independent directors should control the methods and criteria for this evaluation. Boards should review the adequacy of their companies’ compliance and reporting systems at least annually.
A further, though technically different, equitable remedy is that according to the US Supreme Court in Taylor v Standard Gas Co [55] corporate insiders (e.g. directors or major shareholders) who are also creditors of a company are subordinated to other creditors when the company goes bankrupt if the company is inadequately capitalized for the ...
The responsibilities of board secretary include preparing meetings of shareholders and boards of directors, maintaining company records and shareholders information, dealing with information disclosure etc. Relevant listing rules in China further clarify that the secretary of the Board is a managerial position.
A single committee known as a board of directors is the method favored in most common law countries. Under this model, the board of directors is composed of both executive and non-executive directors, the latter being meant to supervise the former's management of the company.
Director or member of a board of directors – high-level official with a fiduciary responsibility of overseeing the operation of a corporation and elects or removes officers of a corporation; nominally, directors, other than the chairman are usually not considered to be employees of the company per se, although they may receive compensation ...
The federal government is putting pressure on Bank of America (BAC) to revamp its board. The issue of how much authorities will try to influence management of financial firms that have TARP money ...
The current MBCA permits the ratification of defective corporate actions, including actions in connection with the issuance of shares, many of which may have been void and incurable under common law. of directors and officers to present a business opportunity to the corporation, a provision favored by private equity investors.