together O P E N & C O M M I T T E D Registration Document 2010-11 Selected financial information 2 1 2 3 4 Corporate governance 1.1 1.2 1.3 The Board of Directors The Group Executive Committee Stock market and shareholders 5 6 28 29 5 Financial report 5.1 5.2 5.3 5.4 5.5 Investments and financing Property‚ plant and equipment Comments on the financial statements Key financial indicators Consolidated financial statements Statutory Auditors’ report on the consolidated financial
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obtain new members of the board of directors. Mr. Wallace needs a board of directors that is made up of outside and inside directors. These boards of directors should have the education and experience to hold these positions. The typical large US Fortune 1000 corporation has an average of 11 directors‚ 2 of whom are insiders. Event though outsiders account for slightly over 80% of the board members in these large US corporations‚ they account for only about 42% of board membership in small US companies
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which consistent with agency theory focuses on relationship between company and shareholders. OECD: a system a company can be directed and controlled‚ specify rights‚ responsibilities and rules; set and achieve objectives and monitor performance. A board definition consider relationship between company and stakeholders Agency theory A contract under which one or more person engage another person or persons to perform some service on their behalf Agency problem rise because of the conflict of interest
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replaceable rules; a Constitution; or a combination of both (s135 and 136). (Replaceable rules outlined contains a detailed listing of the text of the rules). Replaceable rules do not apply to proprietary companies where the one person is the sole director and sole member‚ although a constitution may be adopted. The following companies must be governed by a constitution: public companies ’Limited by Guarantee ’ who are applying to omit the word Limited from their name under section 150; ’No
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H: The board of directors was not attentive to the nature of the off-books entities created by Enron‚ nor to their own obligations to monitor those entities once they were approved. The board did not pay attention to the employees because most directors in the United States do not consider this their responsibility. They consider themselves representatives of the shareholders only
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lead to its downfall. Audit Committee and Auditors According to the UK Corporate governance code the board should set up formal and obvious arrangements bearing in mind how to apply the corporate reporting internal control‚ and risk management rules for keeping the right relationship with the company`s auditors. The board should make up an audit committee of at least three non executive directors in the case of smaller companies at least two NEDs. The chairman can be a member in smaller companies
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SAIGON THUONG TIN COMMERICIAL JOINT STOCK BANK (shortly referred to as Sacombank) is a bank which may conduct all banking operations and other business activities under the Law on Credit Institutions for profit. Sacombank is the first modern multi-functional retail bank in Indochina with the mission of maximizing value for customers‚ investors‚ staff and upholding the highest commitment to corporate social responsibility. This bank was set up with 5 core values: pioneering; novel‚ dynamic
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number 6. Its focus is on a financial crisis that the museum is facing due to a donors failure to pay a five million dollar pledge. The donor was the museums previous president of the board of directors who had a falling out with the museum director over financial matters and felt minimized by the lack support by board members. The museum is in the process of completing a major capital project and faces the near term possibility of bankruptcy if the pledge is not fulfilled. Results Legal counsel for
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Current Situation It has been over six years since Google has gone public with an opening of $83 per share and over 19 million shares released. The stock topped over $600 per share in 2009. At the end of the 52-week period in 2010 the stock had dropped 4.7%. Google continues to grow at a rapid pace. Past purchases of YouTube and Postini as well as DoubleClick have secured its potential for future growth. While legal issues regarding the acquisition of personal information over Wi-Fi sources‚
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226098-P) CONTENTS Corporate Information 2 Corporate Structure 3 Chairman’s Statement 4 Financial Highlights 6 Directors’ Profile 7 Statement on Corporate Governance 13 Statement of Directors’ Responsibilities in Relation to Financial Statement 17 Other Compliance Information 18 Audit Committee 19 Board Committee 23 Statement on Internal Control 24 Financial Statements 25 List of Group Properties 71 Statement of Shareholdings
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