Sentences with phrase «outside directors»

As it grows, and especially once outside investors are involved in the company, the board will add outside directors who have increased influence on how the company is run.

When we begin to add outside directors, addressing this will be an important priority.

advising a committee of outside directors of a financial institution faced with allegations of fraud and financial mismanagement by its senior officers.

In 2001, the NACD surveyed 200 CEOs serving as outside directors of public firms.

Tokyo Stock Exchange: 7751 Meeting Date: 3/28/2014 For first time in its history, Canon Inc., which long held out on appointing outside directors to its board, -LSB-...]

By appointing him, Hyundai Mobis will have a pool of outside directors covering not only fair trading, business strategy and finance but also future technology research.

Tetrick's pivot toward clean meat happened amid a conflict with the company's board of directors, which led to all five outside directors resigning.

The senior outside directors are partners alongside the Bechtels and act like owners.

Today the three Bechtels own 40 % of the shares, and the managers and outside directors hold 60 %.

Its five members include Riley Bechtel and his father, 91 - year - old Steve Bechtel Jr., as well as a group of heavyweight outside directors: David O'Reilly, a former CEO of Chevron cvx; Nick Moore, a former chairman of PwC; and Leigh Clifford, a former CEO of Anglo - Australian mining giant Rio Tinto.

«We have far more skin in the game than outside directors at public companies,» says former PwC chief Moore.

The recent news that struggling imaging company Eastman Kodak lost three outside directors in a single week prompted me to consider the extent to which non-executive directors flee their companies in times of trouble and why.

In light of wide news coverage and the negative reaction of the market, the Company's outside directors rejected Mr. Suzuki's personnel proposal at meetings of both the Company's newly - established nomination and compensation committee and the board itself.

The Company is now proposing at the 2016 AGM to finally appoint an independent outside director to the six - person board of directors.

The compensation data was bifurcated in two ways by whether the boards were engaged and by whether the boards had recently tried to recruit new outside directors.

Most outside directors seem too busy, and too friendly with top managements, to be much more than rubber stamps.

The pension funds also urged Exxon shareholders to support a so - called proxy access proposal that would let minority shareholders nominate outside directors to the company's board.

Won dismissal of outside directors from suit for alleged securities fraud that ultimately settled for $ 7.5 million against other defendants.

In answer to the allegations, Valeant appointed an ad hoc committee chaired by the company's lead outside director to fully review and report on its relationship with Philidor and its business practices.

Defending outside directors of a closely held corporation in an action for alleged breaches of fiduciary duty and oppression of minority shareholders (Alabama).

Weil successfully represented the former outside directors of Satyam Computer Services in securities litigation in New York arising out of the largest accounting restatement in the history of India, when the company's chief executive officer and outside auditors are in jail in India.

For board of directors meetings, prepared notice and agenda, drafted resolutions, attended meetings, answered questions from directors (including outside directors), and prepared minutes.

According to the National Association of Corporate Directors 2005 Public Company Governance Survey, the average outside director spent 190.9 hours on board duties compared with 155.8 hours in 2003.

Roster also has served as outside director and vice chair of Silicon Valley Bank, chair of the Association of Corporate Counsel, chair of the Stanford Alumni Association, and chair of two start - up companies: Insert Therapeutics and Encirq.

It will also consider the expertise, experience and nationality of candidates when appointing outside directors, thereby improving diversity.

Boardroom Disputes — Our litigators are routinely involved with counseling boards and senior management on how to minimize the risk of litigation in potentially contentious situations, advising on appropriate responses to securityholder demands and proxy contests and serving as independent counsel to special committees of outside directors.

In March last year, the company assembled Transparent Management Committee, an organization designed to protect shareholder rights in its board of directors, appointing an outside director responsible for protecting shareholder rights.

From the year 2020 when the outside director's term will end, the company will receive recommendations for the position from shareholders at home and abroad.

His outside directors and trusted top executives were all beholden to him.

The partnership is limited to 50 shareholders — about 35 executives who aren't on the board; nine executive directors, including Brendan Bechtel; and seven outside directors, including Riley Bechtel and Steve Bechtel Jr..

Moreover, 4 of 7 outside directors were first appointed to the board while the company was privately held [including the three above].»

«When you truly start looking at what is an independent board, what truly is an outside director, the way you define it is really difficult,» says Larry Fauver, a professor at the University of Tennessee who focuses on governance.

The Outside Directors and Independent Directors met regularly in executive sessions, with the Lead Independent Director chairing those sessions.

By leaving four seats empty, Kalanick increased his control: If the outside directors ever challenged him, he could quickly stack the board with allies.

Many companies match the gifts of retirees, spouses, surviving spouses, and outside directors.

A total of eight officials resigned on Tuesday and Tanaka said that the company is now considering appointing outside directors to over half of its board seats.