Sentences with phrase «board controls the company»

The board controls the company and employs the CEO.

Not exact matches

Companies like Constellation also have significant experience dealing with provincial liquor control boards — the same entities that will oversee retail and distribution for cannabis.

That plan was later scrapped by the board amid shareholder pressure, though he still has effective control of the company.

What probably will make a difference is whether the board — which last fall paid out a $ 300 million special dividend to shareholders — accepts the offer by Arthur T. Demoulas to acquire the 50.5 percent stake in the $ 4.6 billion company now controlled by his cousin Arthur S. Demoulas and other family members.

Terms that dictate board seats, veto rights, or drag - along rights (which may allow an investor to force the sale of a company) all relate to a company's control.

Although Zuckerberg maintains voting control of the company, some are calling for Zuckerberg's resignation from one or both of his posts as CEO and chairman of the board.

Proposed board reforms to Canada's deposit - taking institutions and insurance companies under the new guidelines include: appointing directors with relevant financial services experience; more board control over enterprise risk; enhanced director training, self - assessment and external reviews; and certain powers that allow boards to better direct and monitor management.

The board of iron ore miner Pluton Resources has regained control of the company after its major shareholder, General Nice Resources, retired KordaMentha as receivers yesterday.

Uber's Travis Kalanick was granted three extra board seats last year in order to give «the CEO the control he needs to run the company.»

Struggling iron ore miner Pluton Resources has fallen back into the hands of receivers and managers, less than six months after the board regained control of the company, as part of a new structuring proposal.

Shareholder returns at family - controlled corporations significantly outperform those of widely held public companies, even though family - controlled boards tend to break governance rules, such as having a certain number of independent directors.

He had joined the company's board in 2006 after selling it a controlling stake in CPI.

«When the same people are controlling pay at a number of companies, that can cause a direct ratcheting up of pay,» says Eleanor Bloxham, who heads The Value Alliance and Corporate Governance Alliance, a board education and advisory firm, and is a regular contributor to Fortune.com.

Perth - based director Andrew Chapman is at the centre of an escalating battle between the board and the management team at US - focused tech company 1 - Page over control of the business and its $ 30 million of cash.

Now that Puerto Rico's Governor Ricardo Rosselló has introduced a fiscal proposal that will cope with the island's debt and balance the budget, and our decisions are being disciplined by a federal fiscal control board, we need to start thinking about what it will take to create a sustainable economy where more companies like Señor Paleta can grow.

Many of the steps involved — including creating an independent board, upgrading financial reporting systems and controls, exploring growth through internal operations, and fine - tuning your company's strategy — are the same ones required to build a successful company.

According to a letter sent at the end of May from the U.S. Chamber of Commerce to the Securities and Exchange Commission and Public Company Accounting Oversight Board, the current system for analyzing and auditing companies» internal controls needs a tune - up.

While a board of directors has a duty to maximize shareholder value by running a fair sales process, the Murdochs own about 17 percent of Fox and control the company through voting shares.

The pressure on Tribune's controlling shareholder, Chicago - based entrepreneur Michael Ferro, increased after the company's second - largest shareholder — investment fund Oaktree Capital Management — sent a letter to the company's board advising it to «engage Gannett immediately» about the takeover bid, calling it «the only possible conclusion consistent with your fiduciary duty.»

Lawrence A. Bossidy is the retired Chairman of the Board and CEO of Honeywell International Inc., a global $ 26 - billion advanced technology, controls and manufacturing company.

These may seem like arcane governance issues but they can make a big difference in how a board is run — and how well it acts as an effective control of a company's executives: in this case, both the executive chair and the CEO.

The Attorney General did not merely label them gambling operators — as Nevada's Gaming Control Board ruled last month, offering the companies the chance to apply for gambling licenses — but accused them of being «the leaders of a massive, multi-billion-dollar scheme intended to evade the law and fleece sports fans across the country.»

Though the board maintains these were isolated incidents, the findings nevertheless expose SNC - Lavalin as a company in need of greater control over its affairs.

The current board says Segal is the «the architect» of many of DavidsTea's current challenges and labelled his statements that his control would bring a new, objective vision for the company as «disingenuous.»

However, Facebook's board is also proposing to remove Zuckerberg's majority control should he one day exit any management role at the company.

As the owner of more than 90 % of voting stock at the company, Adderley has control over the election of the company's board directors, its advisory Say on Pay vote, and, at the coming May annual meeting, to renew the Kelly's short and long - term compensation plans.

She had acquired the capital to build the company by selling equity to a group of angel investors, who owned just over 50 percent of the stock and thus controlled the board.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Neiman Marcus, Inc.'s internal control over financial reporting as of July 28, 2012, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated September 18, 2012 expressed an unqualified opinion tcontrol over financial reporting as of July 28, 2012, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated September 18, 2012 expressed an unqualified opinion tControl — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated September 18, 2012 expressed an unqualified opinion thereon.

Any material issues raised by the most recent Public Company Accounting Oversight Board inspection, peer review, or independent registered public accounting firm internal quality control review or by any inquiry or investigations by governmental or professional authorities within the preceding five years respecting one or more independent audits carried out by the audit firm, and any steps taken to deal with such issues.

Through a system of interlocking memberships on the boards of companies he had reorganized or influenced, Morgan and his banking house achieved a top - heavy concentration of control over some of the nation's leading corporations and financial institutions.

The latest internal drama at the ride - sharing startup stems from a consequential decision last year by the company's board to give Kalanick control of three seats.

As owners of a company, both common and preferred shareholders have voting rights related to the board of directors, ultimately influencing control over the company's activities and direction.

The independent auditors are responsible for performing an independent audit of Goldman Sachs» financial statements and of its internal control over financial reporting in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB)(United States) and expressing an opinion as to the conformity of Goldman Sachs» financial statements with generally accepted accounting principles and the effectiveness of its internal control over financial reporting.

The Audit Committee has met with the internal auditors and independent registered public accounting firm, separately and together, with and without management present, to discuss IBM's financial reporting process and internal accounting controls in addition to other matters required to be discussed by the statement on Auditing Standards No. 16, Communications with Audit Committees, as adopted by the Public Company Accounting Oversight Board (PCAOB), as may be modified or supplemented.

Redstone, the controlling shareholder of Viacom Inc., may be laying the groundwork to replace the company's board and Dauman.

The independent auditors are responsible for performing independent audits of the Company's consolidated financial statements and the Company's internal control over financial reporting in accordance with the standards of the Public Company Accounting Oversight Board (United States).

The recommendations to change Uber's culture consisted of 10 main categories aimed at creating accountability for Uber's senior management, enhancing the board's oversight and revamping the company's internal controls.

Mr. Redstone, who controls about 80 percent of the company, said in a statement in May that decisions over succession would be made by the board, not an individual, and that such decisions had not yet been made.

And in the United States the New England grocery chain Market Basket faced employee protests and lost $ 583 million in sales as two cousins — one a board member, the other the chief executive, both grandsons of the founder — publicly vied for control of the company.

What the board of directors reportedly did not approve was making changes that would formally prevent former Uber CEO Travis Kalanick from regaining control of the company.

Walmart's independent accountants are responsible for auditing Walmart's annual consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board, and for auditing the effectiveness of Walmart's internal control over financial reporting.

John Stumpf, the current Chairman, Chief Executive Officer, and President, has been with Wells Fargo & Company, or its predecessor entities, since 1982 and this leadership has created a dominance over the Board, and harms its ability to prudently control management.

The chairman of the Public Company Accounting Oversight Board, James Doty, said Wednesday that board member Jeanette Franzel will meet with representatives of the U. S. Chamber of Commerce and eight companies on Thursday to discuss concerns about the unintended consequences of the PCAOB inspection process and changes to internal controls revBoard, James Doty, said Wednesday that board member Jeanette Franzel will meet with representatives of the U. S. Chamber of Commerce and eight companies on Thursday to discuss concerns about the unintended consequences of the PCAOB inspection process and changes to internal controls revboard member Jeanette Franzel will meet with representatives of the U. S. Chamber of Commerce and eight companies on Thursday to discuss concerns about the unintended consequences of the PCAOB inspection process and changes to internal controls reviews.

In «real» ownership, they argue, the owners control their assets by determining such things as who runs the company, who sits on the Board of Directors, when major corporate decisions are made that might impact the future of the company, and so on.

Icahn has bought controlling stakes, or at least enough to dictate members of the board of directors and company decisions, on many occasions.

Under the 2017 Plan, a change in control is defined to include (1) the acquisition by any person or company of more than 50 % of the combined voting power of our then outstanding stock, (2) a merger, consolidation, or similar transaction in which our stockholders immediately before the transaction do not own, directly or indirectly, more than 50 % of the combined voting power of the surviving entity (or the parent of the surviving entity), (3) a sale, lease, exclusive license, or other disposition of all or substantially all of our assets other than to an entity more than 50 % of the combined voting power of which is owned by our stockholders, and (4) an unapproved change in the majority of the board of directors.

But Kalanick retains his board seat and majority stake in the company, suggesting he could continue to wield considerable control over the world's most valuable startup.

His statistical analysis showed that, paradoxically, founders maximized the value of their equity stakes by giving up the CEO position and board control: «The results show that, controlling for company size, age, and other factors, the more decision - making control kept (at both the CEO and board levels), the lower the value of the entrepreneur's equity stake.»

The main shareholders in the company are Nicolas Bonta (28 %); Emiliano Grodzki (30 %), who is a director of the company and its chief strategy officer; and Roy Sebag (23 %), the company's founder and former controlling shareholder, who last week ceased to be its CEO and also resigned from its board of directors.

He currently serves on the Advisory Board of Automation Service (process control device remanufacturer) and as Executive Chairman of Pulse Therapeutics (biomedical company).