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that are typical of independent directors in diffuse ownership, such as the hiring and firing of managers and the setting …
Persistent link: https://www.econbiz.de/10013053244
This paper examines the development of the legal framework regarding fiduciary duties of directors in China. The … concept of fiduciary duty was introduced by the 2005 revisions to China's Corporate Law. The implementation of fiduciary … have attempted to more clearly define the meaning of directors' fiduciary duties. In the penalty decisions of the China …
Persistent link: https://www.econbiz.de/10013053921
The law expects independent directors to bring an independent judgment to bear on the Board's deliberations, especially, on issues of strategy, performance, risk management, resources, key appointments, audit and standards of conduct; and to bring an objective view in the evaluation of the...
Persistent link: https://www.econbiz.de/10013017120
Concept of corporate board was incepted in Indian soil by the Englishmen. Present days Indian corporate board has found much of it's antecedents from of Anglo-Indian company act. The initial days of company act in India witnessed replicating effect of English company act. These years witnessed...
Persistent link: https://www.econbiz.de/10013017138
CEO duality is a contentious issue driving much debate amongst regulators and business leaders. It is also an aspect of corporate governance, to which insurance companies have made significant changes in recent years. Despite its significance, we know little about the determinants of CEO duality...
Persistent link: https://www.econbiz.de/10013017963
In the aftermath of the Asian economic crisis in the late 1990s, Korea adopted various reforms on corporate governance pursuant to the recommendations of the IMF. Unlike many jurisdictions where the listing rules or other types of “soft law” require independent directors, Korea statutorily...
Persistent link: https://www.econbiz.de/10012985118
This thesis explores whether independent directors in the USA and Canada are effective in holding management accountable by: (1) analyzing how the policy of relying on independent directors developed and operates; (2) introducing the main theoretical critiques of independent directors'...
Persistent link: https://www.econbiz.de/10012991902
The European Commission sees shareholder engagement as a cornerstone of the corporate governance model for listed companies. Shareholder engagement can to some extent be supported by legislation at national and EU levels. Some legislation is already in place, such as the Shareholders' Rights...
Persistent link: https://www.econbiz.de/10013043079
When a client proudly announces that he has been named director of a prominent local corporation or financial institution, a red warning light ought to go on. Heartily congratulate the client on this distinction, then ask, "Are you aware of the responsibilities and liabilities of a director?" If...
Persistent link: https://www.econbiz.de/10013047166
This article provides an overview of the risk oversight knowledge and skills required to equip directors to better drive value creation, prevent significant corporate value erosion and perhaps most importantly, help directors protect their personal reputations as guardians of stakeholder interests
Persistent link: https://www.econbiz.de/10012929178