Much more must change, they think, before high-quality board governance can be achieved.
His premise was that certain board governance factors lead to strong share performance.
Monitor said it was also taking action against Kettering General Hospital NHS Foundation Trust because of its "board governance and financial performance".
But McKinsey's latest research on board governance in the United States indicates that directors and investors alike feel that, so far, reform has led to only modest improvement.
We hope that Morgan Stanley will show that reinvention begins at the top, and set an example for the company by quickly revising its board practices and considering an upgrade of the composition of its board of directors to reflect best principles of board governance.
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They firmly blamed the bosses of Barclays bank for the way their staff tried to manipulate the Libor rate-setting process at various times between 2005 and 2009, in what the committee's chairman called a period of "extremely weak internal compliance and board governance at Barclays" and a "failure of regulatory supervision".
They are of course in breach of U.N. security council resolutions and board of governance IAEA resolutions as well.
Microsoft isn't expected to get board seats or governance rights in a closely held Dell, one of the people said.
Monitor said the trust's failure to make sufficient progress has also lead to concerns there are weaknesses in "the board's governance processes".
The board announced several governance changes Sunday, perhaps to mollify critics who have accused it of being too passive and too connected to Purcell.
Mr Jones assured AMs that the Welsh government was not complacent, and had taken a "more proactive approach" to help the board in good governance practices.
Between the two of us, with Joerg managing the board and managing governance, and me managing the business and the operation, I think it will be a good relationship.
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Carl McCall , co-chairman of the board's special governance committee--are in the news.
With McCall, Panetta and the NYSE board still on the governance reform kick, it sounds like Grasso and pals are ready to lose a few more perks.
He is chairman of the board's management development and compensation committee and also sits on the board's corporate governance committee and its finance committee, which oversees policies for managing credit and risk exposure at the firm.
Matteo Tonello, Director of Corporate Governance for The Conference Board, wrote in July about two enforcement actions against independent directors of two publicly traded companies by the S.E.
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Factor this into the debate on corporate governance: some very busy board members.
Brad Oltmanns is the current Chairman of the PwC Global Board, which has responsibility for the governance of PricewaterhouseCoopers International Limited, the PwC Network, and oversight of the PwC Member Firm Network Leadership Team.
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"We have listened carefully to our institutional shareholders, to our clients, and to the leadership ranks within the firm, and we have put in place a program that positions Morgan Stanley at the forefront of good governance practices, " the board said in the statement.
However, the authority said it and other bad decisions "were not the result of any lack of integrity by any individual and we did not identify any instances of fraud or dishonest activity by senior individuals or a failure of governance on part of the board".
Corporate governance experts describe Morgan's board as chock full of people who have long-standing professional or personal ties to Purcell.
The selection of officers of the board as well as creation and adoption of governance policies are also necessities in a starting a non-profit.
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In any case, the Olympus scandal should raise awareness among international investors about the importance of good corporate governance and the dangers of weak board independence.
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Natural Resources Wales chief executive Emyr Roberts explained that, as with the now defunct Environment Agency Wales, the nature of their relationship with the board was principally around operational matters and not governance.
Anheuser-Busch's board is, by today's corporate governance standards, a fairly clubby bunch--including executives on whose boards Busch III sits, the in-house p.r. adviser and a first cousin who evidently helped him in the power grab in 1975.
While the study suggests that confidence in the standards will improve with familiarity, as investors and analysts educate themselves the debate will move to the standard-setting process as well as the governance of the International Accounting Standards Board.
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Anheuser-Busch's board is, by today's corporate governance standards, a fairly clubby bunch--including fellow executives on whose boards Busch III sits, the in-house p.r. adviser and a first cousin who evidently helped him in the power grab in 1975.
Under the arrangement, Elliott will support five new directors at Hess John Krenicki, Fredric Reynolds, William Schrader, Kevin Meyers and Mark Williams while adding three of its own Rodney Chase, Harvey Golub and David McManus to the board, with representation on the nominating and governance committee and the compensation committee.
It has always had strong governance: the active and involved board meets regularly, with an executive committee handling big decisions on behalf of the board.
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Kookmin Bank in South Korea tries to encourage such efforts by charging a lower rate of interest for borrowers that meet certain corporate-governance criteria, such as having independent board directors.
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