Sentence examples for best governance practice from inspiring English sources

Mr. Elson said that giving a chief executive veto power over the choice of the chairman was not the best governance practice but, in this case, the board might have to give Mr. Thain significant say.

As a result, boards are often unable to learn from the best governance practices of their counterparts at other companies.

Japanese companies could still benefit if their overseas acquisitions accelerate the adoption of internationally recognized best governance practices, starting with a greater focus on capital returns.

Many of the Big Three's portfolio companies persistently fail to adopt the best governance practices that the Big Three support.

And, perhaps more importantly, the well-recognized role of the Delaware courts in shaping fiduciary duties, best governance practices, and the expectations of corporate management is missing when it comes to corporate officers.

In a statement, the departing directors said: "With the courts' approval yesterday of Michael Capellas as WorldCom's new chairman and C.E.O., it is now appropriate for each of us to stand down as directors and give him the opportunity to continue the process we have started to put in place substantive reforms and best governance practices".

Mr Fitzmaurice's move contravenes best corporate governance practice, which frowns on executives moving to non-executive roles on the grounds that they are not independent.

What are the best corporate governance practices?

In the U.S., the best corporate governance practices are largely set forth in the Sarbanes-Oxley Act of 2002 and promoted by the Securities and Exchange Commission SECC), the Public Company Accounting Oversight Board (PCAOB) and other financial regulators.

The article attempts to answer several basic but important questions: What is corporate governance; what are the best corporate governance practices; what are the theories underpinning corporate governance; what is the value of corporate governance to U.S. firms; and, finally, how can we get the most out of corporate governance codes?

For all those who believe the West generally leads on best corporate governance practices, this may come as something of a surprise.