Class Notes (837,449)
Canada (510,273)
Administration (2,738)
ADM1301 (111)
Tim Ragan (11)
Lecture

Chapter12.docx

4 Pages
135 Views
Unlock Document

Department
Administration
Course
ADM1301
Professor
Tim Ragan
Semester
Fall

Description
Chapter12 Ethics and ResponsibilitiesGoverning System the process structures and relationships through which decisions are madeCorporate Governance The processes structures and relationships through which the shareholders as represented by a board of directors oversees the activities of the business enterpriseThe Organisation for Economic Cooperation and Development OECD Share holder rights y Secure ownership registration y Able to transfer ownership y Access to relevant cooperation information in a timely manner y Voting rights and participation at shareholder meetings y Electionremoval of board members y Share of profits y Knowledge of major decisions ad transactions y Discloser of dual class sales y Rulesregulations ensure sufficient and transparent functioning of the capital markets for the corporations security y Capability to exercise ownership rightsability to consult other shareholders relating to their rightsBoard of Directors a group of individuals elected by shareholders to govern or oversee the corporations affairsFiduciary Duties Obligations owned by directors to shareholders that are prescribed by laws or regulationsBoard Membership y Must be independent or unrelated director y Cannot have bias y Slowly intergrading women and minorities y see pg250 for definition Independent directorBoard Structure y Usually 1015 members y Common committees include o Audit o HR o Governance o Finance o Pension
More Less

Related notes for ADM1301

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit