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Or is the main task of independent directors to monitor a firm's managers, and make sure they obey the rules, don't pay themselves too much and generally behave?
Mr. Portman wanted a Senate-confirmed inspector general for the new agency, as well as a board of directors to monitor a strong director.
Mr. Schneiderman does propose some steps to bolster self-policing by nonprofit groups, including the use of independent directors to monitor compensation and other issues — though it's not clear from the report or a legislative summary provided by Mr. Scheiderman's office how an "independent director" would be defined.
This support is very important for us and it is therefore I would like to aware our directors to monitor the distribution and make sure that these furniture reaches each school and really used to benefit our students in the district", said Mr. Freitas, Minister of Education.
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Ensure directors continue to monitor executive accountability and ensure that decisions are consistent with corporate values.
One of my primary jobs as director is to monitor actions by the parks that set precedents for the rest of the system.
Why should corporate directors be expected to monitor how executives handle stock options if they can't keep track of their own?
The review's reliance on non-executive directors and shareholders to monitor a voluntary code of practice was branded "inadequate" by opposition parties at the time.
Indeed, the court stated that under Delaware law "[t]o impose oversight liability on directors for failure to monitor 'excessive' risk would involve courts in conducting hindsight evaluations of decisions at the heart of the business judgment of directors".
There are three reasons for the shortfall: Active funds create tax burdens, they run up big expenses of the sort directors are supposed to monitor and they incur hidden transaction costs with their feverish trading.
Welfare directors are trained to monitor use of the monthly subsidy, ensuring that guardians or caregivers spend it as intended.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com