Boards that assess themselves get higher grades across all areas
of board performance.
Not exact matches
Earlier this year, for example, Judy Zaichkowsky
of Simon Fraser University's Beedie School
of Business published a study indicating that the presence
of just one woman on a company's
board resulted in significantly higher standards
of corporate governance (which has an established correlation to better financial
performance).
A find many
board meetings highly unproductive in that they are often just a date in the calendar where management is set to update its investors and other
board members
of its
performance over the past time period.
Inside GE's 125,000 - square foot showroom for 3D printing machinery, shareholders called for ouster
of directors who served on the
board as GE's
performance declined.
PAR and Altimeter also believe the
board's decision to give Munoz a signing bonus
of $ 12 million should have been tied to
performance goals, the person familiar with the situation said.
The Conference
Board notes that the federal government has placed great emphasis in improving Canada's innovation
performance for years, most directly in the 2012 budget's revamping
of how $ 3.5 billion is doled out to firms under the Scientific Research and Experimental Development program.
The company's
board put a special provision in Papa's employment agreement that turbocharges his pay the way a videogame might when a player levels up into bonus points mode: If Valeant's stock price reaches a new high
of at least $ 270 a share in the next three years, Papa gets double the allotment
of performance - based stock.
• Cinven agreed to sell CeramTec GmbH, a Germany - based manufacturer
of high
performance ceramics, to a BC Partners - led consortium including the Public Sector Pension Investment
Board and Ontario Teachers» Pension Plan.
So the HP
board used its own «pay for
performance philosophy» to justify annual compensation
of over $ 15 million for Whitman for 2012.
He was incredibly successful in raising money for this Better Place thing, like $ 400 million or $ 500 million, but the
board of directors weren't happy with the
performance of the company, which has only sold 500 cars.
The company's management and
board of directors utilize these non-GAAP financial measures to evaluate the company's
performance.
He'd studied the growing pile
of research highlighting how female
board directors boost corporate
performance.
Most
of us in smaller companies don't have an effective
board or someone to motivate you to increase your
performance.
«The company's
performance over the three - and five - year time periods has languished behind peers, and the
board's response for this underwhelming
performance was to give Ms. Rometty 1.5 million options on top
of her regular pay,» wrote Mastagni.
There have been a variety
of studies showing that women in leadership roles equates to better company
performance, including a report from Credit Suisse that says that companies with more than one woman on their
boards have outperformed those with no women on their
boards in the stock market.
In the study «Dominant CEO, Deviant Strategy and Extreme
Performance: The Moderating Role
of a Powerful
Board,» to be published next year in the Journal
of Management Studies, Tang and co-authors Mary Crossan and Glenn Rowe
of the Ivey School
of Business examined the experience from 1997 to 2003
of 51 publicly traded computer firms.
Together with Mary Crossan and Glenn Rowe
of the Ivey School
of Business, Tang recently published a paper entitled «Dominant CEO, Deviant Strategy, and Extreme
Performance: The Moderating Role
of a Powerful
Board» in the Journal
of Management Studies.
Marcato, which owns 6.4 percent
of Buffalo Wild Wings, won three seats on the company's
board in June after a sustained campaign criticizing its
performance under Chief Executive Sally Smith.
The weakest aspect
of Canada's economy this year was the feeble
performance of private investment, projected by the Conference
Board of Canada to contract by nearly 8 per cent compared to 2014 levels.
It becomes your single central point
of management for all HR needs, streamlining tedious workflows like employee on -
boarding and off -
boarding, document management, time off tracking,
performance management, compliance and benefits administration to name a few.
Last November, in an intranet - based program called «Stop, Start, Continue,» the company's 125 employees were asked to use an intranet
board to assess one another's job
performance and comment on the work habits
of coworkers.
Mutual fund company Northwest & Ethical Investments LP has argued RIM co-CEOs Jim Balsillie and Mike Lazaridis should not also be co-chairs
of the company's
board, arguing a «high
performance»
board needs independent oversight
of management.
An interim dividend
of 1 pence will be paid which «reflects improved
performance and
board confidence,» the company said.
Our business
performance could affect or limit the ability
of our
Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock.
Oversight and long - term
performance are compromised for busy
boards composed
of over-boarded directors.
In a note to investors ISS wrote that «The current pay and
performance misalignment driven by ongoing problematic pay practices indicates poor stewardship
of the
board's Compensation Committee.»
How can I, as president, critique the
performances of board members to whom I must also report?»
«Diverse backgrounds and experiences on corporate
boards, including those tho represent a broad range
of society, strengthen
board performance and promote the creation
of long - term shareholder value,» the report said.
The correlation between CEO dismissal and the
performance of a company's stock suggest that there are serious issues with
boards» firing practices, and more importantly, their hiring practices.
But Glen Hodgson, senior vice-president and chief economist at the Conference
Board of Canada, says EDC's
performance during the recession puts the debate over EDC's mandate to rest «for a generation.»
On Friday, for example, Jim Cramer took the
board to task on CNBC, demanding, «When will someone finally be held accountable for this kind
of sub-par
performance and why do corporate
boards tolerate these mistakes, keeping the flailing CEOs
of these two companies [McDonald's and UPS] around for still more earnings seasons?»
Unlike a similar study last year that found that women chiefs make more than men, this one had a far larger sample and controlled for «chief executives» tenure, characteristics
of the firms (size,
performance and risk), and the size and independence
of the
boards.»
«We firmly believe that a diversity
of perspectives leads to better decisions and helps drive corporate
performance,» says Steve Williams, CEO
of Suncor, whose 12 - member
board includes three women and a First Nations executive, and factors in age, gender, ethnicity and aboriginal status in filling vacancies.
RESOLVED: Shareholders request the
Board Compensation Committee prepare a report assessing the feasibility
of integrating sustainability metrics, including metrics regarding diversity among senior executives, into the
performance measures
of the CEO under the Company's compensation incentive plans.
Crescent Point says its
board of directors has added a drilling rate -
of - return metric to its pay - for -
performance plan to «incorporate feedback and further align compensation with returns and capital allocation.»
Conference
Board of Canada The Conference
Board builds leadership capacity for a better Canada by creating and sharing insights on economic trends, public policy and organizational
performance.
By paying executives for
performance that does not generate real cash flows, Valeant's
board of directors created the misalignment that precipitated the executive behavior that got the company into so much trouble in the first place.
Unless the Committee or
Board determines otherwise prior to the transaction, if substantially all
of the assets
of the Company are acquired by another corporation or in case
of a reorganization
of the Company involving the acquisition
of the Company by another entity, (i) stock options and stock appreciation rights become exercisable immediately prior to the transaction; (ii) restrictions with respect to restricted stock and RSRs lapse and shares are delivered; and (iii)
performance shares and
performance units pay out pro rata based on
performance through the end
of the last calendar quarter.
Bill kept his
board apprised
of Varian's business
performance and his relationship - building activities with Garry Rogerson, Varian's CEO.
Also, if a majority
of the
Board is comprised
of persons other than (i) persons for whose election proxies were solicited by the
Board; or (ii) persons who were appointed by the
Board to fill vacancies caused by death or resignation or to fill newly - created directorships («
Board Change»), unless the Committee or
Board determines otherwise prior to such
Board Change, then participants immediately prior to the
Board Change who cease to be employees or non-employee directors within six months after such
Board Change for any reason other than death or permanent disability generally have their (i) options and stock appreciation rights become immediately exercisable and to the extent not canceled or cashed out, generally have at least six months to exercise such awards; (ii) restrictions with respect to restricted stock and RSRs lapse and generally shares are delivered; and (iii)
performance shares and
performance units pay out pro rata based on
performance through the end
of the last calendar quarter before the time the participant ceased to be an employee.
Boards today are also trying to include more perspectives, skill sets and experiences to reflect their audiences, signal the importance
of diversity to the company, and ultimately increase the
performance of the businesses overall.
In August 2012, to create incentives for continued long - term success from the then - recently launched Model S program as well as from Tesla's then - planned Model X and Model 3 programs, and to further align executive compensation with increases in stockholder value, the
Board granted to Mr. Musk a stock option award to purchase 5,274,901 shares
of Tesla's common stock (the «2012 CEO
Performance Award»), representing 5 %
of Tesla's total issued and outstanding shares at the time
of grant.
For 2015
performance, the
Board approved an annual incentive payment
of $ 4.5 million for Mrs. Rometty, which represented 90 %
of her target opportunity.
For 2015
performance, the
Board approved an annual incentive payment
of $ 4.5 million for Mrs. Rometty, which represented 90 %
of target.
In addition, as part
of our governance review and succession planning, the
Board (led by the Nominating and Corporate Governance Committee) evaluates our leadership structure to ensure that it remains the optimal structure for Tesla, reviews the composition, size and
performance of the
Board and its committees, evaluates individual
Board members, and identifies and evaluates candidates for election or re-election to the
Board.
We have included adjusted EBITDA in this prospectus because it is a key measure used by our management and
board of directors to understand and evaluate our core operating
performance and trends, to prepare and approve our annual budget and to develop short - and long - term operational plans.
The
Board considered pursuing, but decided not to pursue, an alternative to include the prior service cost or credit component in the line item (s) reporting current employee compensation because this component is not exclusively related to the current period's employee services and may add complexity to financial statement users» analyses
of an entity's core operating
performance.
monitoring workforce management programs; establishing compensation policies and practices for service on the
Board and its committees, including annually reviewing the appropriate level
of director compensation and recommending to the
Board any changes to that compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its
performance and its charter.
«The transition
of information security to a business discussion at the
board level highlights the market need for objective, evidence - based measures
of performance.
Directors must have a history
of achievements that reflect high standards for themselves and others, enabling them to contribute to the superior
performance of the Greater Vancouver
Board of Trade's
Board.