First, contrary to what some critics believe, CEOs do not want to keep their boards in the dark or to chip away at directors' power.
Law, 41 A. 931, 932): '* * * That the stockholders had delegated to the directors power to amend the by-laws did not curtail their own power to amend them, and, of course, the later statute (Revision, 1896) removed all possible restriction on such power.
Consistent with the bargaining-power hypothesis, we find that several measures of outside directors' power are associated with a higher probability of responding: a large proportion of outside directors, a designated independent lead director, and, with marginal significance, more board meetings in executive session.
Most Republicans have vowed to block the nomination, unless the director's powers are constrained.
Much of the bill signed by Mr. Bush is open to interpretation, especially regarding the intelligence director's powers.
Last year we had 45 films and events; this year we're up to more than 80," said the festival's artistic director, Thom Powers, who lives in Montclair.
After a brief relationship, the London Philharmonic has appointed him music director, with powers that such eminent predecessors as Klaus Tennstedt, Sir Georg Solti and Bernard Haitink never possessed.
The emotional crisis leads to a catharsis that isn't as fully realized as its setup, though the director, Chuck Patterson, powers it with a theatrical set of images.
Submit articles of association explaining the details of how you will run your company, shareholders rights that are permitted and restricted, and information about the director's powers.
If justified, the Management Board may impose restrictions on the interim Executive Director's powers.
