Sentences with phrase «determined by an independent board»

Day - to - day decisions of public companies are left up to a CEO and executive team, but the overall direction of the company is determined by an independent board of directors charged with representing the investors» best interests.

Not exact matches

• The Board has determined that each member of the Audit Committee is independent as defined by the Exchange Act, the SEC's rules, and the NYSE Listed Company Rules.

For a director to be deemed «independent» within the meaning of the Nasdaq rules, the Board must affirmatively determine, based upon information provided by the director or otherwise known to the Board, that the director has no relationship with the Company that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director.

For purposes of this Charter, an «independent director» means a director who (1) is «independent» in accordance with the provisions of Rule 10c - 1 (b)(i) promulgated under the Securities Exchange Act of 1934, as amended (the «Exchange Act»), and (2) meets the NASDAQ Stock Market, Inc. definition of «independent director» as determined by the Board.

that the compensation of our executive officers be determined, or recommended to the board of directors for determination, by majority vote of the independent directors or by a compensation committee comprised solely of independent directors; and

As described by the GOP leaders, the legislation would allow the Rauner - appointed State Board of Education to remove the current Chicago Board of Education and create an independent authority to run CPS until it is determined the district is no longer in financial difficulty.

The Board determined that the financial statements for the periods from 2002 to 2008 and the related reports of MRVC's independent public accountants, earnings press releases, and similar communications previously issued by MRVC should not be relied upon as a consequence of the pending restatement of its historical financial statements.

RIM's June 30, 2011 press release detailing the compromise outlined the formation of a Committee of independent directors to «study» the issues, «determine the business necessity» for Messrs. Balsillie and Lazaridis as Co-CEOs to have Board titles, «propose and provide a rationale for a recommended governance structure for RIM» and to report by January 31, 2012.