首页 | 学习中心 | 注册 登录
返回列表 发帖
土豆妮

UID
137525 
帖子
5724 
主题
885 
注册时间
2009-7-1 
最后登录
2011-3-29 
1# 跳转到 » 倒序看帖
打印
tT
发表于 2011-3-10 15:25 | 只看该作者

Reading 32: Corporate Governance-LOS f 习题精选

elements, corporate, investment, 2011, class
Session 9: Corporate Finance: Financing and Control Issues
Reading 32: Corporate Governance

LOS f: Describe the elements of a company’s statement of corporate governance policies that investment analysts should assess.

 

 

John Zehetmeier, an analyst for Folker Capital Management is helping his colleague, Chris Augustine, understand elements of a company’s statement of governance policies that would be helpful in analyzing a company. Zehetmeier makes the following statements:

Statement 1: A corporate code of ethics that conveys the values, responsibilities, and ethical conduct of an organization should be included in a statement of governance policies.

Statement 2:  A statement of director oversight responsibilities would be the best place to find information about nomination and compensation award polices.

Augustine should:

A)
 agree with Statement 1, but disagree with Statement 2.
B)
 disagree with both of Zehetmeier’s statements.
C)
 agree with both of Zehetmaier’s statements.

Augustine should agree with both statements. A corporate code of ethics should articulate the values, responsibilities, and ethical conduct of an organization and should be included in a statement of governance policies. Also, a statement of director’s oversight, monitoring, and review responsibilities should include information regarding internal controls, risk management, accounting disclosure, compliance, nominations, and compensation awards.

 

收藏 分享

土豆妮

UID
137525 
帖子
5724 
主题
885 
注册时间
2009-7-1 
最后登录
2011-3-29 
2#
发表于 2011-3-10 15:25 | 只看该作者

Which of the following would be the most effective means for a manufacturing firm to communicate its corporate governance policies to shareholders?

A)
 Include a statement on the company website that the company is committed to global corporate governance best practices.
B)
 Adopt a statement of governance policies that is provided by the North American Association of Manufacturers.
C)
 Provide access to internal management performance assessment reports.

Management performance assessments as well as reports of director’s oversight and review of management are an important element of a statement of governance policies that investors and analysts should assess. Note that a statement of governance practices should be company specific (not a boilerplate statement) and that it should be detailed – simply telling investors that the company is committed to best practices is insufficient.

TOP

土豆妮

UID
137525 
帖子
5724 
主题
885 
注册时间
2009-7-1 
最后登录
2011-3-29 
3#
发表于 2011-3-10 15:26 | 只看该作者

Jon Fisher is a junior analyst for Folker Capital Management. Jim Russell, Director of Research has asked Fisher to prepare a list of items that may be included in a company’s statement of governance practices that would help assess company governance policies concerning the operation of the board of directors. Fisher’s list includes the following items:

Item 1: Board and committee self-assessment reports.

Item 2: Statement of the responsibilities directors have to review and oversee management.

Item 3: Reports of findings in directors’ oversight and review of management.

Item 4: Statement detailing how directors are trained before they join the board.

Which items should analysts include in order to understand a company’s corporate governance practices as they relate to the board of directors?

A)
 Item 1 only.
B)
 Items 1 and 3 only.
C)
 All 4 items should be included.

All of the items on the list are elements of a company’s statement of corporate governance policies that should be assessed by investors and analysts.

TOP

返回列表