Toyota, Ford and Gm
1: Corporate Governance
Both Ford and GM completely abide by NYSE corporate governance standards, as they are domestic US companies. Ford and GM are required to strictly follow NYSE corporate governance standards. Toyota is permitted to follow certain corporate governance practices complying with Japanese laws and regulations, the NYSE has ruled that Toyota is exempt from certain NYSE corporate governance requirements. A significant difference in Toyota’s corporate governance structure is that the company currently does not have any directors that can be deemed as independent directors. Another major difference is that unlike domestic US companies Toyota is not required to have shareholder approval of equity compensation plans, therefore Toyota may choose to adopt an equity compensation plan under which stock acquisition rights are granted on specially favorable terms to the recipient without disclosing this information. It should also be noted that information regarding director compensation does not have to be disclosed by Toyota to the public.All three competitors meet NYSE corporate governance standards, although Toyota is exempt from several major requirements.
General Motors board of directors is made up of 11 members. Many of these members are retired executives and chairmen from other US corporations such as Eastman Kodiak Company, Pfizer Co., and Compaq. One board member is also the president of North Carolina University. GM hopes that together these board members will bring ideas and successful tactics from their industry to the GM Corporation. GM also has five different committees of the board of directors these are: Audit Committee, Directors and Corporate Governance Committee, Executive Compensation Committee, Investment Funds Committee, and Public Policy Committee. All of these committees have chairs and members whom are also on the board of directors
Ford’s board of directors is made up of 12 members. These members are made up of
Both Ford and GM completely abide by NYSE corporate governance standards, as they are domestic US companies. Ford and GM are required to strictly follow NYSE corporate governance standards. Toyota is permitted to follow certain corporate governance practices complying with Japanese laws and regulations, the NYSE has ruled that Toyota is exempt from certain NYSE corporate governance requirements. A significant difference in Toyota’s corporate governance structure is that the company currently does not have any directors that can be deemed as independent directors. Another major difference is that unlike domestic US companies Toyota is not required to have shareholder approval of equity compensation plans, therefore Toyota may choose to adopt an equity compensation plan under which stock acquisition rights are granted on specially favorable terms to the recipient without disclosing this information. It should also be noted that information regarding director compensation does not have to be disclosed by Toyota to the public.All three competitors meet NYSE corporate governance standards, although Toyota is exempt from several major requirements.
General Motors board of directors is made up of 11 members. Many of these members are retired executives and chairmen from other US corporations such as Eastman Kodiak Company, Pfizer Co., and Compaq. One board member is also the president of North Carolina University. GM hopes that together these board members will bring ideas and successful tactics from their industry to the GM Corporation. GM also has five different committees of the board of directors these are: Audit Committee, Directors and Corporate Governance Committee, Executive Compensation Committee, Investment Funds Committee, and Public Policy Committee. All of these committees have chairs and members whom are also on the board of directors
Ford’s board of directors is made up of 12 members. These members are made up of
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