Sentences with phrase «board independence»
Board independence refers to the concept of having board members who are free from any conflicts of interest or undue influence. It means that the individuals serving on the board of a company or organization are able to act impartially and make decisions solely in the best interest of the company and its stakeholders. They are not influenced by personal connections, financial gain, or any other external factors. Essentially, board independence ensures that board members can make objective decisions that benefit the organization as a whole. Full definition
In The Long View, 95 % of family firms received credit for board independence.
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For example, in the 2014 Long View ratings, nearly every family firm received full marks for board independence.
This may seem high at first glance, but recall that only 3 % of widely - held issuers received a full deduction for board independence in the 2014 BSCI.
Sitting on lots of cash is a trait that's associated with family - run businesses and ones with little board independence
[7] See Seth W. Ashby, Strengthening the Public Company Board of Directors: Limited Shareholder Access to the Corporate Ballot vs. Required Majority Board Independence, 2005 U. Ill..
According to these criteria in 2014, only one third of all family firms listed on the S&P / TSX Composite Index (TSX Index) received full marks in the BSCI for board independence compared to 84 % for the rest of the Index (See Figure 3).
We find a similar lack of statistically meaningful reaction for governance - related activism - including attempts to rescind take - over defenses, to oust CEOs, to enhance board independence, and to curtail CEO compensation.
Its excellent location in the district of Independencia, Avenida Centenario Cuadra 10s / n, Huaraz — Peru, offers a comfortable and cozy environment for your business meeting or pleasant stay, a few blocks from board independence, the exit for the Callejon de Huaylas and all that warm, cozy and beautiful tourist valley.
Further, as noted, a non-independent label generally disqualifies a director from service on an audit committee, but it more generally informs disclosures about board independence and non-binding guidelines about best practices, which raises the question of whether «disclose and explain» frameworks result in positive change in the first place.
Report: European Mutual Fund Board Independence Lags Behind US
corporate governance structure, with its strong emphasis on Board independence, makes an absolute independent chairman requirement unnecessary.
The thresholds for board independence in the BSCI, however, were developed with widely - held corporations in mind.
Corporate Governance (board independence and diversity, executive compensation, lobbying and political spending)
As always, director and board independence will continue to be a major focal point.