Badly designed compensation is an indicator of poor corporate governance, and poor corporate governance is an indicator of investment risk.
The Yale School of Management, which named its Center on Corporate Governance after him, has called him a principal architect of modern international corporate governance.
Espen Eckbo, founding director of the Center for Corporate Governance at Dartmouth University's Tuck School of Business, says the tricky issue going forward is dealing with the corporate governance structure surrounding executives' compensation packages.
"We are proud of this historic settlement, which continues the 20 year history of Amalgamated Bank encouraging corporate reform and improved corporate governance, " Amalgamated Bank president and chief executive Edward Grebow said in a statement.
But if it was, it raises a very important question about corporate governance and corporate responsibility at LIPA: should the interests of unions come ahead of customers, the-rate payers, even in a state of emergency?
The proposal originally submitted to the SEC by ten corporate law professors received widespread support from corporate governance advocates.
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"The corporate establishment is making a mockery of shareholder democracy, " says Robert Monks, a founder of the Corporate Library and a leading guru of corporate governance.
Private equity investors aren't always putting the best companies out there for sale to the public says the Corporate Library, a for-profit corporate governance research firm.
Dr. Doug Guthrie, Dean, Professor of International Business and Professor of Management at the George Washington University School of Business is an expert in the fields of economic reform in China, leadership and corporate governance, and corporate social responsibility.
Even the governance association ranked Hong Kong first in Asia on corporate governance issues in its most recent biennial survey.
GMI, based in New York and recently merged with the Corporate Library, a governance research firm, rates the practices of more than 4, 100 companies by examining pertinent public data, including regulatory filings, company websites and news services, to see how well they follow securities regulations, stock exchange listing requirements and various corporate governance codes and principles.
Second, I would argue that social media governance is not a component of IT, rather it is corporate governance of social media, which must be overseen by the CEO of the company.
That and corporate governance -- or corruption in governance are at the top of my list today.
Since corporate change has to start from the top, a lack of biotech-savvy corporate governance may be at the heart of the issue: the reality is there are few if any biotech voices in Big Pharma boardrooms.
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The movement for corporate social responsibility is in direct opposition, in such cases, to the movement for better corporate governance, which demands that managers fulfill their fiduciary duty to act in the shareholders' interest or be relieved of their responsibilities.
Self-governance, however, is being replaced by corporate-governance, and your freedom is being sapped in the process.
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Had I started the job a year or two earlier, I might have found that covering things like how to be a manager, corporate strategy, risk management, governance, and corporate social responsibility was worthy but possibly sometimes a little dull.
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Together with cuts in federal corporate income tax and a new capital-markets law that improved corporate-governance standards, this lifted Mexico 19 places to 43rd (out of 175 countries) in the World Bank's latest annual survey on the ease of doing business around the world.
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Almost a year after recommending corporate governance changes for listed companies, the New York Stock Exchange revealed ten changes designed to get its own governance in line with the companies it regulates.
Some corporate-governance activists, such as Nell Minow of the Corporate Library, question quite how genuine this independence will be.
Corporate governance rating systems covering all listed companies have been proposed in Hong Kong and the Philippines.
From a corporate governance standpoint, it is difficult to argue against more transparency, however.
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Each one is just another pinprick of the injustices in our broken system of corporate governance.
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Often, bad pay policy reflects bad management, says Peter Montagnon, an expert in corporate governance.
ECONOMIST: Big shareholders must get stuck in to make capitalism work
"I'm not going to lead the revolution on it, " he said of corporate governance.
Consumers are more and more interested in issues such as transparency, corporate governance and social responsibility.
In recent years, corporate governance advocates have pushed for reforms to combat this passivity.
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While much progress has been made, corporate governance will also continue to be a major challenge.
Already shareholder groups that push for better corporate governance have been formed in five Asian countries.
Good corporate governance rests on making executives and directors accountable for their actions--and their pay.
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