Wendy's Third Committees

Common stockholders are the basic owners of a corporation, but few stockholders of large corporations take an active role in management. Instead, they elect the corporation’s board of directors to represent their interests. Board members seldom get involved in the day-to-day management of the company. They establish the basic mission and goals of the corporation and appoint

The final committee I would serve, would have to be the Economic and Small Business Development Committee as they aim to benefit the small business owners within my district. Small business owners are often overshadowed and blown out of the completive market by large corporate

As Gill has stated “A committee's function is to bring the experience, expertise and judgement of a group of interested and informed individuals to bring a specific area of the corporation's responsibility,” (Gill, 2005). The boards would each research and gather informations, analyze data, come up with affirmative action plans and present these finding, plans and suggestions to the board, the board will then discuss the suggestions and decide on the best course of action. The three committees I would suggest would be financial and risk management committee. a fundraising committee and a program/ service committee that also handles quality assurance. Each of these committees would ensure that key areas of governing is constantly paid attention to. These committees would give board members a sense of purpose as it would utilize their best talents and have them focus their areas of expertise to create strategic plans for each

The collections committee oversees the approval and/or acceptance of new sign acquisitions or deaccessions. The nominations and development committee oversees the fundraising goals which include budgeted donations and board giving and they oversee the finding of potential new board members.

It is the board's responsibility to consider and authorize a suitable remuneration package for the company's chief executive officer (CEO), make recommendations with respect to the attractiveness of dividends and dividends pay out, approve stock splits, form the audit committees, approve the company's financial statements, oversee management’s involvement in the shareholders and other stakeholders long-term interests and recommend or discourage major decisions such as acquisitions and mergers.

The boards of directors include Edward S. Lampert, Louis J. D’Ambrosio, William C. Kunkler III, Steven T. Mnuchin, Ann, N. Reese, Emily Scott, and Thomas J. Tisch (About, n.d.).

A major role of this committee is the reviewing of the Company’s compensation strategy. Ensuring that the compensation strategy aligns with their goal to attract and retain high-quality leadership is crucial to the success of The Home Depot. They must make certain that management is awarded the appropriate incentives and rewarded appropriately for its contributions to the growth and profitability of the Company. The Home Depot’s compensation strategy must also align with all of the Company’s objectives and stockholder interests. ("Leadership development &," 2013)

The audit committee is responsible for the following. It is responsible for reviewing the financial statements, for reviewing the company's compliance and control systems, for monitoring the effectiveness of the internal audit function, assessing the independence and objectivity of the external auditors, and ensuring the employees have the opportunity to raise concerns about matters of financial reporting. The audit committee supports the Board. Ultimately, because the audit committee is comprised of members of the Board, they are elected by the shareholders. Should the shareholders decide, they can replace these members at the annual meetings.

A public business corporation establishes a compensation committee consisting of outside directors that sets the salaries, incentive bonuses, and other forms of compensation of the top-level executives of the organization. An outside director is one who has no management position in the business and who, therefore, should be more objective and should not be beholden to the chief executive of the business.

The Board also has sub-committees which deal with specific issues. These include Audit Committee, Compensation Committee, Corporate Governance and Nominating

The Chairman and four other directors are independent non-executives, and the CEO and one director are non- executives.

Like most multinational corporations, the shareholders own the company and they may also be the board of directors. A Chief Executive Officer (CEO) will be appointed to nominate and manage the operation of the company as a whole. A Chief Operating Officer (COO) will be managing the company’s day-to-day operations and reports them to CEO. The Chief Financial Officer (CFO) will be managing the finance and account together with the

3a. Who are the board members that are standing for election at Ford in 2010?

Whilst the definition of corporate governance most widely used is "the system by which companies are directed and controlled" presented by Cadbury Committee, (1992). More specifically it is the framework by which the various stakeholder interests are balanced, or, as the IFC (International Finance Corporation) states, "the relationships among the management, Board of Directors, controlling shareholders, minority shareholders and other stakeholders".

From table 1, Fumihiko Ike is the Chairman of the company. Takanobu Ito and Tetsuo Iwamura are President and Vice President respectively. Nobuo Kuroyanagi and Hideko kunii are designated as outside directors in accordance to Article 2, Item 15 of the Company Law. Takashi Yamamoto and Yoshiharu Yamamoto are designated as Senior managing Officers. Toshihiko Nonaka and Masahiro Yoshida are the managing Officers while Yuji Shiga, Kohei Takeuchi, Shinji Aoyama and Noriya Kaihara are