Reputation Concerns of Independent Directors: Evidence from Individual Director Voting1 Wei Jiang2 Columbia Business School Hualin Wan3 Shanghai Lixin University of Commerce Shan Zhao4 Shanghai University of Finance and Economics This Draft: July 2012 1 The authors benefit from discussions with seminar and conference participants at ESCP Europe‚ EM Lyon‚ Grenoble School of Management‚ Reims Management School‚ the
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‘The director of a company owes a fiduciary duty to the company’. Do you agree with this statement? Introduction A company is a distinct legal entity created by statute. Companies have many of the same legal rights and obligations as do individuals. They can own and sell property‚ they can hold profits or acquire debts‚ they can enter into contracts and sue or be sued‚ and governments can tax them. Companies are advantageous primarily because they become legal entities that are separate and
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Boarding school is better than daily school.Is this true? Yes ‚I agree that boarding school is better than daily school because boarding school can be a great place to meet teachers‚ to have fun‚ to make new friends and can also experience new environment while you’re at school‚ but day school is also a good place to go if you don’t like being away from your parents or you have great friends where you are. Both are really great‚ but boarding school can be really fun and you get
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Having a common governance framework can play a critical part in assisting board members to better comprehend their oversight roles. The framework should have parts that contribute to effective governance and contain tools that address the risks associated with governance risks. A framework will additionally give a more pertinent build to assessing how management’s obligations fit with the board’s oversight responsibilities. There are four attributes that help assess the board’s performance level
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registered charities are run by board of directors that are voted in by members of an organization. These organizations are not owner operated. The board of directors for NFP’s and registered charities usually consists of individuals who are leaders or experienced professionals in their respective communities (Carters‚ 2011). No individual has the right to any residual earnings or share capital in these organizations. This report will discuss the roles of directors and how they must perform these
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Etheart ANTH 3550 Japan Tuesday‚ February 12‚ 2013 Japanese Cultural Nationalism Altering Immigrant Perception Change by Force Status minorities in Japan are those who are not educated‚ do not come from educated families‚ or have unfavorable occupations. The value and worth of a status minority in Japanese culture is rated amongst their familial/ancestral connections to rates of production and which then determines individual godliness and worth amongst a society. Ethnic minorities in Japan are Burakuin
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"GOVERNANCE is the exercise of political‚ economic and administrative authority to manage a nation ’s affairs. It is the complex mechanisms‚ processes and institutions‚ through which citizens and groups articulate their interests‚ exercise their legal rights and obligations‚ GOVERNANCE is "… the traditions and institutions by which authority in a country is exercised for the common good. This includes (i) the process by which those in authority are selected‚ monitored and replaced‚ (ii) the capacity
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3. Corporations practicing stakeholder management will be more sustainable. Discuss. Over the years‚ social and ethical concerns have brought attention to the community that caused much bitter conflict to the relationship between business and society. As people become better educated and more affluent‚ rising expectations naturally follow for major institutions and these developed a backdrop against which criticisms towards businesses have grown. Therefore‚ these created the need for them to assume
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Japan Japanese festivals are traditional festive occasions. Some festivals have their roots in Chinese festivals but have undergone dramatic changes as they mixed with local customs. Some are so different that they do not even remotely resemble the original festival despite sharing the same name and date. There are also various local festivals that are mostly unknown outside a given prefecture. It is commonly said that you will always find a festival somewhere in Japan. Unlike most people in East
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1. Introduction The purpose of this project is to compare the financial and environmental‚ social and corporate governance performance of Rhodes Food Group and Pioneer Foods‚ and to determine which company is best for investees to invest in. We chose Pioneer Foods and Rhodes Food Group as we were interested in the different long-term ESG and financial performance strategies that each of these dominant businesses focused on. The consumer goods sector also interested us as they ae the providers of
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