Raymond wrote that the appointment of Real Madrid manager Jose Mourinho would be "a much safer appointment in the eyes of the United board and shareholders" while the appointment of Everton manager and bookmakers favorite, David Moyes, would "come with great risk" due to his lack of experience with big clubs.
The external auditor is hired by the independent Audit Committee of the Board of Directors on behalf of the shareholders to present an unbiased and independent evaluation of the fair presentation of financial information by management.
Ultimately one must ask whether Mr. William Ackman is the only member of the Board of Directors, or whether each member of the Board has an individual responsibility to shareholders that they have not exercised.
However in many continental European countries, such as Germany, there are two boards, an Executive Board made up of company representatives and a Supervisory Board made up of non-executive representatives of shareholders and employees.
Nasdaq has the agreement of the OMX board and several major shareholders, including the powerful Wallenberg family, which owns 11% of the business.
The most common criticism revolves around corporate governance: Tracking stock subsidiaries seldom have a separate board of directors to look after shareholders' interests.
Such a board of directors is elected by shareholders and is charged with fiduciary and legal responsibilities to govern the corporation including the hiring and firing of the CEO.
FORBES: Bobby Knight and Mike Krzyzewski Knew It: The Business Value Of A World-Class Coach
Usually the fate of corporate executives is the exclusive province of the shareholders and their elected representatives on the board of directors.
Reuters yesterday reported about about a group of JPMorgan Chase shareholders who have issued a proposal asking the Board of JPM to consider breaking up the bank in order to boost shareholder value.
FORBES: Ackman, Icahn Get CNBC But Where Can Average Investors Go To Gripe?
The Board of Directors has placed the interests of management above those of public shareholders.
FORBES: Dell Hits $14; Southeastern Letter Seeks Books And Records
As owners, shareholders elect a board of directors and vote on company business.
Not long after my last post (October 19), which concerned the tenuous relationship between the Hewlett-Packard board and former CEO Mark Hurd, came word that a group of shareholders have sued current and past H-P board members, including Hurd, alleging that directors allowed and possibly encouraged illegal activities in sales to the U.S. government.
Instead, they're attempting to take control of the board without any compensation to shareholders.
The board of mining group Xstrata has recommended that shareholders back the merger terms offered by commodities trader Glencore.
And, even though it is Deutsche's annual meeting tomorrow - and in spite of a "get on with it" letter to the board from some big shareholders organised by Hermes Equity Ownership Services - there is no sign of white smoke.
Mr Breeden also places big constraints on the freedom of management and board to act independently from shareholders.
"I have sufficient levels of support from shareholders and the board to continue running the company, " Sarin was quoted as saying.
Even though Aubrey is Darth Vader to shareholders, to the CHK board of corporate insiders, at the end of the day, he is still one of their own.
There is already pressure on the directors coming from both Glass Lewis and ISS. Glass Lewis on Tuesday advised against the reelection of the majority of the board members after ISS recommended that shareholders vote against three board members.
"The board of Stockport County are working tirelessly to ensure the future of our football club, alongside other shareholders, " said the club in a statement.
We reiterate our demand that the Board of Directors pursue proposals that are more favorable to shareholders.
FORBES: Dell Hits $14; Southeastern Letter Seeks Books And Records
We expect the Board of Directors to satisfy its fiduciary obligations to all shareholders and to consider superior alternatives that treat public shareholders fairly.
FORBES: Is Michael Dell Really Trying To Pull A Fast One On Investors?
Yesterday Motorola CEO Greg Brown told board members and shareholders that, among a lot of other bad news, the company is no closer to finding someone to lead the company's rotting cellphone business (which Moto is in the middle of spinning off as its "Mobile Devices" unit).
ENGADGET: Motorola's cellphone business needs a new leader: okay, I'm in.
Shareholders have lobbied the firm's board of directors for a radical makeover.
The Google board should inform shareholders about the cause and likely duration of Mr. Page's condition, according to Mr. Sonnenfeld, author of several leadership books.
WSJ: Google CEO Larry Page Assures Employees About Health, Says 'Nothing Seriously Wrong'
"The shareholders of Barclays will be expecting the board to ensure that not a penny more is paid to Bob Diamond than that to which he is legally entitled, " he said.
Earlier this year in a letter to shareholders, Elliott Management accused the Hess board of "poor oversight" of management for "over a decade of failures, " and revealed a 4 percent stake in the company.
Commenting on the move to appoint outside directors for the first time, despite the relative insularity of Japanese businesses, Mr. Toyoda said the company wants to improve transparency after years of requests by shareholders to take on external board members.
Smaller boards will allow sharper board oversight of a company's operations and more accountability to shareholders.
ECONOMIST: Japanese corporate governance: No country for old men | The
Mr Icahn called the management's move - which was not put to a shareholder vote - "an example of poor corporate governance", and criticised the fact that only a third of the company's board is up for election by shareholders each year.
应用推荐