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Ford and Toyota Case Study Essay

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1a.Describe the history of Ford, its current business, operating sectors, and reportable segments. Ford Motor Company was incorporated in Delaware in 1919. They acquired the business of a Michigan company, also known as Ford Motor Company, which had been incorporated in 1903 to produce and sell automobiles designed and engineered by Henry Ford. They are one of the world’s largest producers of cars and trucks. They and their subsidiaries also engage in other businesses, including financing vehicles. They have two operating sectors: automotive and financial services. Within these sectors, their business is divided into reportable segments based upon the organizational structure that they use to evaluate performance and make decisions on…show more content…
2a. What is the purpose of the Form Def 14A? A proxy statement is a statement required of a United States firm when soliciting shareholder votes. This statement is filed in advance of the annual meeting. The firm needs to file a proxy statement, otherwise known as a Form DEF 14A, with the U.S. Securities and Exchange Commission. This statement provides important information and is useful in assessing how management is paid and potential conflict-of-interest issues with auditors. 2b. What does “Def” stand for? “Def” stands for “definitive proxy statement”. 2c.What types of information does a proxy contain? According to Ford Def 14A: “A proxy is another person that you legally designate to vote your stock, if you designate someone as your proxy in a written document, that document also is called a proxy or a proxy card.” The proxy discloses important information about issues to be discussed at an annual meeting, lists the qualifications of management and board members, serves as a ballot for elections to the board of directors, lists the largest shareholders of a company's stock and provides detailed information about executive compensation. 3a. Who are the board members that are standing for election at Ford in 2010?
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