Corporate Director's Guidebook

Author: N.A

Publisher: American Bar Association

ISBN: 9781590312926

Category: Business & Economics

Page: 98

View: 923

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This ready-reference handbook summarizes the rights and responsibilities of a corporate director, reviews legal standards of conduct, and much more.

Corporate Director's Guidebook

Author: American Bar Association. Committee on Corporate Laws

Publisher: American Bar Association

ISBN: 9781590318508

Category: Law

Page: 118

View: 5893

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The Corporate Director's Guidebook is recognized as the premier authority on the director's role and the board's functions. It is read, consulted and cited by board members, executives, lawyers and academics nationwide. Now available as a new Fifth Edition, the Guidebook completely updates its fourth edition published in 2004. This new Fifth Edition addresses recent effects the Sarbanes-Oxley Act has had in the corporate governance arena and its impact on the legal responsibilities of directors of public companies.

Corporate Director's Guidebook

Author: N.A

Publisher: Amer Bar Assn

ISBN: 9781616328740

Category: Law

Page: 147

View: 8369

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The corrections track the Handbook for the Conduct of Shareholders' Meetings, 2nd, which was also a committee-drafted book.

Perspectives on Corporate Governance

Author: F. Scott Kieff,Troy A. Paredes

Publisher: Cambridge University Press

ISBN: 1139490559

Category: Law

Page: N.A

View: 787

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The events that began with the collapse of Enron, WorldCom, Tyco, and Adelphia and continued into the financial crisis of 2008 teach us an important lesson: corporate governance matters. Although it is widely acknowledged that good corporate governance is a linchpin of good corporate performance, how can one improve corporate governance and its impact on corporate and overall economic performance. This book offers a diverse and forward-looking set of approaches from experts, covering the major areas of corporate governance reform and analyzing the full range of issues and concerns. Written to be both theoretically rigorous and grounded in the real world, the book is well suited for practicing lawyers, managers, lawmakers, and analysts, as well as academics conducting research or teaching a wide range of courses in law schools, business schools, and economics departments.

Fund Director's Guidebook

Author: Federal Regulation of Securities Committee

Publisher: American Bar Association

ISBN: 9781590315101

Category: Law

Page: 125

View: 6229

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Written for directors of both open-end investment companies (typically referred to as mutual funds) and closed-end funds, this new Third Edition offers suggestions to assist directors in their roles and obligations. The new edition has been updated to reflect key legal developments that have emerged since the second edition appeared in 2003 including the impact of the Sarbanes-Oxley Act and initiatives undertaken by the SEC in response to the mutual funds scandals occurring in 2003 and 2004.

A Director's Guide to Corporate Financial Reporting

Author: Krista Fiolleau

Publisher: Business Expert Press

ISBN: 9781606491324

Category: Business & Economics

Page: 125

View: 2228

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This book is designed for corporate directors and senior executives who want to gain a better understanding of accounting. Corporate directors and managers are under pressure from recent changes in the law (especially The Sarbanes-Oxley Act 2002) and demands by shareholders and the public to be more informed, vigilant and involved in the governance of business organizations.

Die Aktionärsklage und die Kontrolle von Publikumsgesellschaften im deutsch-amerikanischen Vergleich

Author: Christoph Kämper

Publisher: Peter Lang

ISBN: 9783631580486

Category: Business & Economics

Page: 284

View: 7319

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Die Arbeit enthalt eine Darstellung der Aktionarsklagerechte im deutschen Recht nach der Reform durch das UMAG. Dabei steht der neue 148 AktG im Mittelpunkt der Untersuchung. Weiter wird - unter Betrachtung der Funktion des Aufsichtsrats und der Abschlussprufung - versucht, die Funktion der Aktionarsklage im System der Kontrolle von Publikumsgesellschaften zu definieren. Hierbei zieht der Autor auch eine rechtsvergleichende Betrachtung des Systems der Kontrolle von Publikumsgesellschaften im US-amerikanischen Recht heran."

Der US-amerikanische “Sarbanes-Oxley Act of 2002”

Seine Auswirkungen auf die an der New York Stock Exchange notierenden österreichischen Aktiengesellschaften

Author: Adolf Peter

Publisher: diplom.de

ISBN: 3836608006

Category: Law

Page: 319

View: 5927

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Inhaltsangabe:Gang der Untersuchung: Das Ziel in der vorliegenden Arbeit liegt darin, die extraterritorialen Auswirkungen des Sarbanes-Oxley Act (SOX) auf österreichische Aktiengesellschaften, die an der New York Stock Exchange (NYSE) notieren, darzustellen. Besonderes Augenmerk wird auf die Regelungen des SOX (inkl Ausführungsbestimmungen der SEC) im Hinblick auf das Audit Committee (Sec 301 SOX) und die Bestätigungspflicht von CEO und CFO (vor allem Sec 302 SOX) gelegt. Das 1. Kapitel beschäftigt sich mit den Zulassungsbestimmungen der NYSE und zeigt ua die Vorteile auf, die für eine österreichische AG mit einer Zweitnotierung an dieser US-Börse verbunden sind. Das 2. Kapitel setzt sich mit der Entstehungsgeschichte des SOX auseinander und lenkt die Aufmerksamkeit insbesondere auf die beiden Bilanzierungsskandale der US-Unternehmen Enron und WorldCom, die direkt für die Verabschiedung des SOX verantwortlich waren. Abschließend wird im 2. Kapitel ein erster und allgemeiner Blick auf den SOX geworfen. Die zentralen Abschnitte – und somit das Herz dieser Arbeit – sind die Kapitel 3 und 4. Das 3. Kapitel behandelt ausführlich das Audit Committee. Allgemeinen Darstellungen zum Audit Committee folgt mit der Erörterung der SOX-Unabhängigkeitskriterien für die Mitglieder des Audit Committee einer der Hauptpunkte dieses Kapitels. Dabei werden im Kontext der extraterritorialen Auswirkungen der Unabhängigkeitskriterien des SOX (auf österreichische Aktiengesellschaften) ua folgende Themen aufgegriffen: Die in österreichischen Aktiengesellschaften üblichen Beratungsverträge (Hindernis für die Mitgliedschaft im Audit Committee?) und die Praxis, dass ehemalige Vorstandsvorsitzende häufig unmittelbar nach ihrer Tätigkeit im Vorstand in den Aufsichtsrat wechseln. Im Kontext des Verbotes der indirect fees (für Mitglieder des Audit Committee) wird ua auch die Frage beantwortet, ob sich überhaupt noch Vertreter der Hausbank oder Rechtsanwälte, die sich wegen ihrer Fachkenntnisse besonders für eine Mitgliedschaft im Audit Committee eignen, im Audit Committee befinden dürfen. Darüber hinaus wird ein Blick auf die Besetzung der Aufsichtsräte in österreichischen Konzernen geworfen und untersucht, ob die SOX-Regelung (sog affiliated persons werden als nicht unabhängig betrachtet und dürfen somit nicht im Audit Committee sitzen) im Zusammenhang mit der affiliated person verhindert, dass bestimmte Personen, die üblicherweise in österreichischen Aufsichtsräten [...]

Corporate Governance and Ethics

Author: Zabihollah Rezaee

Publisher: John Wiley & Sons

ISBN: 047173800X

Category: Business & Economics

Page: 448

View: 1779

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This book is the first to present a comprehensive framework of the theory and practice of corporate governance and business ethics by focusing on the four cornerstones promoted by the AACSB. Readers will quickly gain an understanding of the main themes, perspectives, frameworks, concepts, and issues pertaining to corporate governance and business ethics from historical, global, institutional, commercial, best practices, and regulatory perspectives. Additionally, there is also complete coverage of all oversight functions of corporate governance.

The Audit Committee Handbook

Author: Louis Braiotta, Jr.,R. Trent Gazzaway,Robert Colson,Sridhar Ramamoorti

Publisher: John Wiley & Sons

ISBN: 0470616075

Category: Business & Economics

Page: 416

View: 1970

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The classic handbook to audit committee responsibilities—completely updated to cover the latest guidance with practical insights on the new functions of the audit committee. Now containing the newest regulatory guidance impacting audit committees, including new chapters on audit oversight and updated discussions on fraud risk, the Fifth Edition helps your audit committee plan its agenda and achieve its mission in corporate governance. The Audit Committee Handbook, Fifth Edition guides you to: Understand the role and responsibilities of the audit committee with a general update and reality check on auditing cycle activities Identify the developments that impact audit committee practices and the most current techniques and strategies for committee meetings Develop a repertoire of effective strategies to help the board of directors discharge its fiduciary responsibility to shareholders Prepare a periodic assessment of professional development activities and an informed review of both audit processes and financial reporting processes A must-have for all audit committee members, board directors, corporate secretaries, CEOs, CFOs, and auditors involved in the accounting practices of their firms, The Audit Committee Handbook, Fifth Edition is the most authoritative work on audit committees in the marketplace.

Lender Liability and Banking Litigation

Author: Edward F. Mannino

Publisher: Law Journal Press

ISBN: 9781588520500

Category: Law

Page: 800

View: 4782

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This book analyzes theories of liability and provides in-depth discussion of: RICO; planning, budgeting and monitoring litigation from the perspective of inside counsel and more.

Corporate Governance after the Financial Crisis

Author: Stephen M. Bainbridge

Publisher: Oxford University Press

ISBN: 0199912793

Category: Law

Page: 320

View: 4974

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The first decade of the new millennium was bookended by two major economic crises. The bursting of the dotcom bubble and the extended bear market of 2000 to 2002 prompted Congress to pass the Sarbanes-Oxley Act, which was directed at core aspects of corporate governance. At the end of the decade came the bursting of the housing bubble, followed by a severe credit crunch, and the worst economic downturn in decades. In response, Congress passed the Dodd-Frank Act, which changed vast swathes of financial regulation. Among these changes were a number of significant corporate governance reforms. Corporate Governance after the Financial Crisis asks two questions about these changes. First, are they a good idea that will improve corporate governance? Second, what do they tell us about the relative merits of the federal government and the states as sources of corporate governance regulation? Traditionally, corporate law was the province of the states. Today, however, the federal government is increasingly engaged in corporate governance regulation. The changes examined in this work provide a series of case studies in which to explore the question of whether federalization will lead to better outcomes. The author analyzes these changes in the context of corporate governance, executive compensation, corporate fraud and disclosure, shareholder activism, corporate democracy, and declining US capital market competitiveness.

The Convergence of Corporate Governance

Promise and Prospects

Author: Abdul Rasheed,Toru Yoshikawa

Publisher: Springer

ISBN: 1137029560

Category: Business & Economics

Page: 273

View: 9734

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Takes readers through an in-depth examination of many leading industrialized nations and identifies both the drivers that propel corporations towards convergence and the major impediments that stand in the way of convergence. Also examines many mechanisms of convergence such as governance codes, MNCs, and IPOs.

Audit Committee Essentials

Author: Curtis C. Verschoor

Publisher: John Wiley & Sons

ISBN: 0470337079

Category: Business & Economics

Page: 368

View: 8227

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Praise for Audit Committee Essentials "Audit Committee Essentials is an excellent and comprehensive resource, documented with key references and illustrated with real-life company examples for all types of commercial and nonprofit enterprises. Dr. Verschoor brings into focus the intertwined impact of risk management, internal controls, and ethics on oversight responsibilities for both the audit committee and the entire board of directors. From my personal perspective as an audit committee member and as a director of both profit and nonprofit entities, this book should be required reading for corporate management, boards of directors, and their committees." --George K. Gill, Chairman and CEO of PetAg, Inc.; Director and member of the Investment and Audit Committees of the United Methodist Foundation of Northern Illinois "Maintaining the highest ethical standards is critical to the success of not-for-profits in today's world. Dr. Verschoor's book provides a practical, highly prescriptive approach to ensuring that governance processes meet the highest expectations of managers, employees, volunteers, contributors, and other stakeholders. I am very impressed with the readability of the book. It definitely raises one's awareness of the need for a thought-out plan that ensures strong financial and ethical credibility." --John S. Maxson, President and CEO Greater North Michigan Avenue Association, Chicago, Illinois A concise and readable account of the audit committee's roles and responsibilities The Sarbanes-Oxley Act has changed the way all corporations now operate, regardless of size. In Audit Committee Essentials, goverance expert Curtis Verschoor explains with great detail and razor-sharp precision why internal control is so critical, emphasizing financial literacy, a requirement under Sarbanes-Oxley, as well as oversight of the financial reporting process and related controls, ethics and the internal and independent audits. Written for seasoned professionals as well as newly assigned board members, Audit Committee Essentials is a vital tool in order to stay abreast of the rapidly changing governance requirements and responsibilities of audit committees.

Senior Executive Assessment

A Key to Responsible Corporate Governance

Author: Dean Stamoulis

Publisher: John Wiley & Sons

ISBN: 9781444310283

Category: Psychology

Page: 168

View: 6661

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Senior Executive Assessment is a concise and practical guidethat demystifies assessment that is conducted at thesenior-executive level. Defines Senior Executive Assessment, describes its benefits,and explains how it differs from assessment at lower levels Discusses how significant shifts in markets and business modelscan require a change in the characteristics needed in seniorexecutives Provides a practical model with suggestions for assessingsenior executives Offers guidelines for determining what assessment methods touse in an organization Examines practical considerations in how to chooseprofessionals to conduct senior executive assessment

The Synergy Trap

Author: Mark L. Sirower

Publisher: Simon and Schuster

ISBN: 9781439137703

Category: Business & Economics

Page: 304

View: 1485

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With acquisition activity running into the trillions of dollars, the acquisition alternative continues to be the favorite corporate growth strategy of this generation's executives. Unfortunately, creating shareholder value remains the most elusive outcome of these corporate strategies. After decades of research and billions of dollars paid in advisory fees, why do these major decisions continue to destroy value? Building on his groundbreaking research first cited in Business Week, Mark L. Sirower explains how companies often pay too much -- and predictably never realize the promises of increased performance and competitiveness -- in their quest to acquire other companies. Armed with extensive evidence, Sirower destroys the popular notion that the acquisition premium represents potential value. He provides the first formal and functional definition for synergy -- the specific increases in performance beyond those already expected for companies to achieve independently. Sirower's refreshing nuts-and-bolts analysis of the fundamentals behind acquisition performance cuts sharply through the existing folklore surrounding failed acquisitions, such as lack of "strategic fit" or corporate culture problems, and gives managers the tools to avoid predictable losses in acquisition decisions. Using several detailed examples of recent major acquisitions and through his masterful integration and extension of techniques from finance and business strategy, Sirower reveals: The unique business gamble that acquisitions represent The managerial challenges already embedded in current stock prices The competitive conditions that must be met and the organizational cornerstones that must be in place for any possibility of synergy The precise Required Performance Improvements (RPIs) implicitly embedded in acquisition premiums and the reasons why these RPIs normally dwarf realistic performance gains The seductiveness and danger of sophisticated valuation models so often used by advisers The Synergy Trap is the first exposé of its kind to prove that the tendency of managers to succumb to the "up the ante" philosophy in acquisitions often leads to disastrous ends for their shareholders. Sirower shows that companies must meticulously plan -- and account for huge uncertainties -- before deciding to enter the acquisition game. To date, Sirower's work is the most comprehensive and rigorous, yet practical, analysis of the drivers of acquisition performance. This definitive book will become required reading for managers, corporate directors, consultants, investors, bankers, and academics involved in the mergers and acquisitions arena.