The Portable MBA in Finance and Accounting, 3rd Edition

508 Making Key Strategic Decisions furnished us by the company, officials of the company having ad- vised us that no such financ ...

Going Public 509 (a) at June 23, 19X6, there was any change in the capital stock, increase in long-term debt, or any decreases i ...

510 15 THE BOARD OF DIR ECTORS Charles A. Anderson Robert N. Anthony This chapter describes the nature and function of the board ...

The Board of Directors 511 company has problems, the owners need to know about these problems so that they can take any necessar ...

512 Making Key Strategic Decisions BOARD MEMBER RESPONSIBILITIES In the following sections, we describe the specific activities ...

The Board of Directors 513 may say nothing and mentally file the incident for future reference in evaluat- ing the CEO. The Busi ...

514 Making Key Strategic Decisions At one company the authors are familiar with, the chairman and CEO held an annual meeting of ...

The Board of Directors 515 Compare actual performance with budgeted performance for the current period and for the year to date ...

516 Making Key Strategic Decisions board meetings may be held at company plants or other facilities; this also is a valuable edu ...

The Board of Directors 517 and quality position of these products, the targeted customers and markets (local, regional, national ...

518 Making Key Strategic Decisions financing proposals. The board ensures that these proposals are consistent with the adopted s ...

The Board of Directors 519 consensus needed to take action. The CEO and the directors usually have worked together for some time ...

520 Making Key Strategic Decisions target company lose their jobs. A common accusation, therefore, is that man- agement resists ...

The Board of Directors 521 related to the CEO’s and this, therefore, is the single most important compen- sation decision the bo ...

522 Making Key Strategic Decisions structure a compensation plan for the CEO that will reward that kind of be- havior. For examp ...

The Board of Directors 523 Much survey information is available on board retainer fees, board meet- ing fees, and compensation f ...

524 Making Key Strategic Decisions Published Financial Statements The audit committee does not conduct audits; it relies on two ...

The Board of Directors 525 numbers would have been more fair.^4 The audit committee’s task is to decide whether the directors sh ...

526 Making Key Strategic Decisions that smoothing has occurred. Outside these limits, however, the committee is obligated to mak ...

The Board of Directors 527 manager may justify some charge-offs, and since the directors don’t want to dis- agree with the new c ...