Corporate Governance

Corporate Governance - Corporate Governance BUSINESS ETHICS...

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BUSINESS ETHICS BUS M 390 Corporate Governance
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Corporate Governance TRADITIONAL MODEL REVISIONIST MODEL Stockholders Board of directors Top managers Board of directors elect nominate Top managers hire and fire Stockholders
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To receive dividends, if declared To vote on: Members of board of directors Major mergers and acquisitions Charters and bylaw changes Proposals by stockholders To receive annual reports To sell their own shares of stock to others Legal Rights of Stockholders
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Individual v. Institutional Ownership 1965-2002 Year Percent of all stocks owned
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Functions of Boards of Directors Financial objectives and overall strategy Compensation and succession Advise and counsel top management Board candidates
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OTHER BOARD FUNCTIONS: Strategic planning Create and maintain corporate culture and ethical climate Promote shareholder rights Determine executive compensation Supervise mergers and acquisitions Conduct performance assessments of top
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This note was uploaded on 11/27/2011 for the course BUS M 390 taught by Professor Loriwadsworth during the Fall '10 term at BYU.

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Corporate Governance - Corporate Governance BUSINESS ETHICS...

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