Compensation Committee

Concept Briefing:

Also Remuneration Committee, a committee of the board of directors set up in most publicly-held companies as part of a good corporate governance structure. Committee members are normally drawn from members of the company's board of directors who are independent or outside directors. The main purpose is to assist the board in meeting its responsibilities with regard to oversight and determination of executive compensation and to review and make recommendations to the board with respect to major compensation plans, policies and programs of the corporation.

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Continue reading 17.01.2007. 01:47

Corporate Governance

Concept Briefing:

Corporate governace or CG is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many players involved (the stakeholders) and the goals for which the corporation is governed. The principal players are the shareholders, management and the board of directors. Other stakeholders include employees, suppliers, customers, banks and other lenders, regulators, the environment and the community at large.

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Continue reading 17.01.2007. 00:41

Audit Committee

A committee set up in most publicly-held companies as part of a good corporate governance structure. Committee members are normally drawn from members of the Company's board of directors who are independent or outside directors. Responsibilities of the audit committee typically include: overseeing the financial reporting process, monitoring choice of accounting policies and principles, monitoring internal control process and overseeing hiring and performance of the external auditors.

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Continue reading 16.01.2007. 22:25