Business Services Industry
Debate Continues About How Corporate Directors Should Be Elected.
Knight Ridder/Tribune Business News, March, 2003
By Andrew Countryman, Chicago Tribune Knight Ridder/Tribune Business News
Mar. 30--It is, to some corporate governance activists, the Holy Grail.
For years, they have complained that elections for corporate directors are rigged and that it's all but impossible to dislodge bad directors who still have the support of management.
Unless shareholders can nominate directors and vote in contested elections, they argue, boards are accountable to no one but the executives they're supposed to be supervising.
To companies, the system works, by and large, and the alternative is not that simple.
Either way, it's evident that shareholder nominees are not coming in any meaningful way to this season's crop of annual meetings. But...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
