Corporate Board articles from November 1999

Corporate Board archives from November 1999

Stability And Disclosure In The 21st Century.
November 1, 1999... The last decade of the 20th century has seen a remarkable step forward in the evolution of financial intermediation. Investment and saving habits are changing worldwide - as we can see from proliferating securities markets, diverse financial...

Tracking Stocks: What Directors Must Know.
November 1, 1999... Given that Quantum Corp., Donaldson, Lufkin & Jenrette (DLJ) and Ziff-Davis have adopted tracking stock equity structures - and Dupont and JC Penney are in the process of doing so - it is not surprising that Wall Street is buzzing about...

Reducing Audit Committee Liability Dangers.
November 1, 1999... It is 7:00 p.m. on a Thursday night. You receive a phone call from the new chief financial officer of ABC Corporation informing you, as a member of the audit committee of the company's board, that he thinks the company has been recognizing...

The New World Of The Compensation Committee.
November 1, 1999... Regulatory changes have created and propelled the compensation committee onto the front stage of corporate America. Over the past six years compensation committees have evolved from a nuisance required by the Securities and Exchange Commission...

Governance Issues For IPO Companies.
November 1, 1999... The corporate governance structure of a long-established public company is likely to be a product of its history. If the company proposed anti-takeover charter amendments during the period before 1990, when shareholders generally followed...

New international standard released for communicating audit issues to the board.
November 1, 1999... At its June 1999 meeting, the International Auditing Practices Committee (IAPC) approved a new International Standard on Auditing (ISA), Communications of Audit Matters with Those Charged with Governance. The purpose of the new ISA is to...

Revised definition of internal audit places more emphasis on controls, governance.
November 1, 1999... A revised definition of internal auditing has been approved by The Institute of Internal Auditors (IIA) board of directors. This definition clearly reflects the dramatic changes that have occurred in the profession over the past decade. ...

Recruiting and retention are vital concerns in a tight job market.
November 1, 1999... Recruiting and retaining employees is an issue that occupies the thoughts of corporate managers at a time when the U.S. economy continues to perform strongly and unemployment rates are historically low, a survey by William M. Mercer, Inc....

Special benefit plans can help attract top executives.
November 1, 1999... Special benefit plans for top managers, in use at most major U.S. companies, can help to attract key executive talent, a survey by William M. Mercer, Inc. suggests. Such arrangements provide retirement benefits appropriate to senior-level,...

Canada, the U.K. and France are linking executive pay more strongly with performance.
November 1, 1999... Following a compensation trend from the U.S., companies in Canada, the U.K. and France are linking executive pay more strongly with performance, according to a study by The Conference Board. The study, conducted jointly with Monks Partnership...

Women in top management can mean better stock performance for IPO companies.
November 1, 1999... Want to improve your company's bottom line? Put more women at the top, says a study by Cornell University. The stocks of companies that went public with more women on their top management teams performed better in both the short and long run...

Kenneth Bertsch: TIAA-CREF Gets Busy In The Boardroom.(Teachers' Insurance & Annuity Association-College Retirement Equities Fund)(Interview)
November 1, 1999... The Teacher's Insurance & Annuity Association/College Retirement Equities Fund (TIAA-CREF) is the largest pension fund in the world, according to Business Week, with assets of $255 billion. TIAA-CREF has long been willing (and able) to make its...