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Corporate Governance And Board Of Directors
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Title: Corporate Governance And Board Of Directors

Essay Details:

Subject: Business
Author: Edward L
Date: May 18, 2010
Level: University
Grade: A
Length: 2 / 376

Essay text:

19) · Those who oversee management and evaluate strategy. · Those who have the shareholders’ best interest in mind. · Those who review and approve the use of company resources, as well as monitoring the effectiveness of the governance practices. An example of issues facing the board of directors within the Kmart Corporation was from their former CEO, Joseph Conaway and former CFO, John McDonald who were pardoned on claims stating that they made misleading statements in the Management’s Discussion and Analysis section of the Kmart quarterly and annual reports. It was stated that the two had lead the corporation into bankruptcy while receiving $23 million dollars in compensation for only 20 months of work (Civil Enforcement, Securities, 2005)...

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