Part 5

Another central feature of the board of directors is the question of whether the CEO is also the chairman of the board. When the CEO is also the chairman this is often referred to as “CEO duality”. In the US the CEO is often the chairman of the board. Studies have shown that the board in most cases

If we take a look at the inventories and actual volumes sold during the 3rd quarter of 2010, we see increasing sales volumes and corresponding build up in inventory.

ESOP which also stands for Employee Stock Ownership Plan is a retirement plan that is similar to profit sharing. A trust fund is set up through the organization and then the organization contributes new shares to buy new assets or existing stock. An organization is able to borrow money from the ESOP to make cash payments to replay their loans. When a company is looking to pay off current debt or expand business this plan could be beneficial. An ESOP plan gives an organization the flexibility to make the rules and set the requirements of who can gain full access to

As details of the Enron scandal surfaced public outrage grew, calling for action, accountability and consequences. Corporate governance began receiving renewed interest. Corporate governance is a multi-faceted subject that sets forth the rules and responsibilities of the relationship between the corporation and its stakeholders (Cross & Miller, 2012). This includes the company’s officers and management team, the board of directors, and the organizations shareholders.

The fiber intakes meet the recommendation calculated by I Profile. Since the recommendation was met, I believe that the fiber intake was just right. However, I do not believe that my diet met the minimum number of servings of food from each of the fiber containing groups. I believe that the both groups for fruits and vegetables fell short of the minimum number of servings. The specific foods that provided the most fiber were pasta, and a bagel. Whereas, the foods that provided the least were the BBQ chips, Croissant, sausage. It appears that the trend in my food choices is that there are not enough fruits and vegetables, which affects my fiber intake.

In large corporations the success or failure of the company is the responsibility of the board of directors. According to Richard DeGeorge, “The members of the board are responsible to the shareholders for the selection of honest, effective managers, and especially for the selection for the CEO and of the president of the corporation.” (p. 202). The board members have a moral responsibility to ensure the corporation is run honestly, in respect to its major policies, and to ensure the interests of the shareholders are satisfied. The next responsibility within a corporation is the responsibility management has to its board of directors. DeGeorge writes, “It must inform the board of its actions, the decisions it makes or the decisions to be made, the financial condition of the firm, its successes and failures, and the like.” (p. 202). The management of the corporation is morally obligated to

On page 118 of your textbook is a picture of the sculpture Pietà by Michelangelo. As we have studied, Michelangelo’s Renaissance period returns to the Greeks for inspiration and ideas.

The statement explains the company’s compensation philosophy and what the compensation program centers around. According the company’s philosophy, the compensation for named executive officers is made up of three components; salary, stock options, and performance-based bonuses. The fourth proposal to vote on is proposed by a stockholder. Southwest Regional Council of Carpenters Pension fund who is the beneficial owners of less than 100 shares, proposes for a director election majority vote standard. The company lists reasons as to why that is not a good fit for the board and recommends shareholders to vote against the proposal. The proxy statement lists three other stockholder proposals to vote on, if they are presented at the upcoming annual meeting. The board recommends that the shareholders vote against all the three proposals and gives explanations for what is best for the

Throughout the years many acquisitions have been hostile, which has led to companies to creative preventative and defensive takeover methods. Preventative is used as a way to reduce the likelihood of a takeover, and defensive measure (active measures) are used afer a hostile bid has been issued.

The CEO in this situation was more concerned with making sure this type of occurrence does not happen again. He also appears to be following a more consequentialist school of thought. He

Many employees and employers who have experienced EAPs view them quite positively. Decision-takers in the organization must be convinced that investing in EAPs leads to a win-win situation, Organizational performance and enhancing employees wellbeing. While it will provide guidance for personal problems, it will not remove problems like absenteeism, accidents or morale problems. The major drawback of many EAPs is that they are geared towards microscopic intervention, after the facts. Final conclusion seems to be evident: regardless of the approach chosen, regardless of the scope and technology used, EAPs are in the market to

Benefits of ERP implementations .....................................................................................11 6. Conclusion

An Employee Stock Ownership Plan (ESOP) is a defined-contribution plan which invests primarily in the stock of the employer. Employers contribute cash or stock to an ESOP and an ESOP may also borrow money to purchase additional stock. In addition to being a retirement plan for employees, ESOPs are often used as an exit strategy for owners of small companies, by allowing employee shareholders to gradually buy-out the existing owners of the company. However, the provision results in more than $1 billion in revenue loss each year and is sometimes manipulated by large companies – the most infamous example of which is the Enron case.

“According to a study published by Marsh /Mercer (2007), EAPs aligned with an overall health and productivity strategy can perform a critical role in identifying individual and organizational risk factors that may decrease performance (National Business Group on Health). With these programs implemented into the company, Doohickey U Need’s employees will become more productive.

The Board of Directors is defined as “a group of elected individuals who serve as representatives of an organizations’ stockholders” (Root). They are the decision-making power over management related policies and fiduciary duties of the organization. They make decisions to fire or hire the executive leaders, conduct performance evaluations on the company’s leading executives, and ultimately decide the executive’s compensation, as well as dividends to be distributed to the shareholders. The Board of Directors determine the organization’s strategic direction, and make sure the company is operating under the principles of the law to ensure the organization is conducting itself ethically, legally, and with social and environmental responsibility (Bateman 267).