Lecture 3 Role of Corps 2013

Importance of leveraged buyouts mergers and

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Unformatted text preview: shares (POs, buy ­back, current trend) The structure of NA corpora0ons Shareholders Board of Directors CEO and senior management Employees and contractors Other stakeholders: customers, suppliers, bondholders, communi0es, governments, etc. NOTE: 1. difference between theory and prac0ce 2. importance of Leveraged buyouts, mergers and acquisi0ons, etc. •  •  •  •  •  2 9/22/13 Fiduciary Obliga0on of Board of Directors •  US: act in the interests of the shareholders •  Canada: act in the interests of the corpora0on Alterna0ve structure: Germanic model •  •  •  •  •  •  Shareholders, Employees Supervisory Board Board of Directors CEO and senior management Employees and contractors Other stakeholders: customers, suppliers, bondholders, communi0es, governments, etc. View #1 on the role of corpora0ons in society. •  Purpose of a corpora0on is to maximise the value of the...
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This note was uploaded on 01/13/2014 for the course ADMN 3400 taught by Professor Johnbishop during the Fall '13 term at Trent University.

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