The company's spokesman, Paul D. Baker, said that Zvi Alexander, the chief executive's father and a former oil executive in Israel, and Shaula Yemeni, Kobi Alexander's sister and a software executive, did not seek re-election earlier this month to insure the company's compliance with tighter corporate governance standards set by federal legislation passed earlier this year.
But as the We Company inches toward an IPO, we may start to see a call for tighter corporate governance and more scrutiny of potential conflicts of interest.
The SEC in turn pressed both the New York Stock Exchange and the Nasdaq to convince member companies to adopt tighter corporate governance standards.
Yet many others used the harsh downturn at home to hone their competitiveness, even taking on such Western business notions as greater attentiveness to returns and tighter corporate governance.
Producers embedded in supply chains framed in the context of a captive governance face tight relationships that may ensure market access in the short run but do not provide any stable operating framework and give them no voice in the shaping of the relationships and in the targeting of the chain product(s).
Indeed, all that unites this Coalition is the signature union-bashing of the restoration of the ABCC, tighter controls on union governance and the ham-fisted opportunism of the CFA bill.
If share prices were strong and rising, issuers would accept tighter rules for corporate governance as a bearable cost of going public.
But Chesapeake has suffered from a unique problem: a tight focus on its corporate governance.
He is known to retain tight control of details of Palestinian governance, from promotion of officers to adoption of babies to disbursement of funds.
In the wake of the disclosure, Berkshire Hathaway shareholders, analysts and corporate governance experts called for tighter controls at Berkshire.
