Half a century ago, the ratio of CEO-to-worker pay was around 20-to-1, according to the Economic Policy Institute. In 2013, it was 295.9-to-1. CEO compensation has increased by 937 percent just over the last three decades (since 1978). The rise compares with a dismal 10.2 percent hike for the average U.S. worker over the same period, putting into stark contrast the relative fortunes of the superrich and everyday employees in an increasingly economically divided America.
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When the United States entered World War I, the U.S. Army boosted recruitment with a poster. Uncle Sam, symbolizing the federal government, pointed to the viewer: “I want you.” So it is with the many federal agencies that today have oversight over major companies and their directors and officers (D&O). If you or your organization have run afoul of a federal regulation, intentionally or not, the “war” is on. These agencies want you—in court.
The fish rots from the head, Chinese expression that stands out that the Board of Directors, as head of the organization is key to have a culture that promotes compromise among people working their; on the contrary, the company will not stand for long. Commitment is the result of a tacit or formal agreement among people agreeing on a given delivery in a specific timing and form. Commitment is what he or she (or they) asks for or offers and he or she (or they) accepts to receive what is committed in the right time frame and form and that appraisal judgments will be made reciprocally in relation with what is committed by both parties. The commitment involves both parties, since who asks for or who receives the offer must state his or her judgments in time as well, and reward the fulfilling or compensate for and repair should he had not kept in force the validity of the request. As a result of these judgments there may be compensations and the trust capital for future commitments of the company will improve or decrease. For this process to occur, the commitment of the interlocutors required:
The Franco British Chamber of Commerce
Founded in 1873 and with a membership network of over 700 companies, the Chamber’s objective is to lead the Franco-British business community in France.
They say there are always two ways of looking at things, and the victory of Donald J. Trump in the US presidential election is no exception. He is the living proof that the political, economic and intellectual élite was swept away because they had completely lost touch with reality.
Basing government decisions on “alternative” facts is of course bound to give rise to doubts and misgivings. Despite the absence of constraints marking the actual boundaries beyond which lies meta-reality, these facts do raise hopes and expectancies which, whether we like it or not, are vested with a measure of democratic legitimacy. As Clemens Vedder so apply put it “while reality used to be taken at face value, it has now become the raw material to be skewed, shaped stretched and shrunk from which to prepare the big picture.”
By Terrance M. Booysen and reviewed by Megan Grindell (Director: Carter DGF Risk Management)
In today’s heightened times of public scrutiny and calls for ethical leaders, it’s not surprising that many concerned citizens have become far more demanding for good governance and transparency. Social media has been a major contributor to this call, such that a person’s privacy — including matters such as their social pleasures and behaviour — are broadcasted in seconds to almost any corner of the world. For example, if a work colleague is an avid user of Facebook or Twitter, it’s not too difficult finding out what that person’s likes and dislikes are, what gyms or sport clubs they attend and how often, right down to discovering their dream car or accommodation.
1. LIFESTYLE AUDITS CURB ERRANT BEHAVIOUR
Article by Terrance M. Booysen and reviewed by Megan Grindell (Director: Carter DGF Risk Management)
In today’s heightened times of public scrutiny and calls for ethical leaders, it’s not surprising that many concerned citizens have become far more demanding for good governance and transparency. Social media has been a major contributor to this call, such that a person’s privacy — including matters such as their social pleasures and behaviour — are broadcasted in seconds to almost any corner of the world. For example, if a work colleague is an avid user of Facebook or Twitter, it’s not too difficult finding out what that person’s likes and dislikes are, what gyms or sport clubs they attend and how often, right down to discovering their dream car or accommodation. Read more…
The precise principles of Corporate Governance are published globally through assigned local government regulators within their respective countries. These fundamentals are put into place in order to adequately regulate and manage the behavior of large-sized corporations whom are publicly listed on the stock market. This ideology is primarily set to protect the rights and interests of the shareholders from more than one standpoint.
Labour MP Frank Field, co-author of the 60-page report into the BHS collapse by the parliamentary business, innovation and skills select committee, has raised concerns with Greg Clark, the Business Secretary, about possible gaps in Britain’s corporate governance regime.
After alleging that Sir Philip Green had “plundered” BHS’s pension schemes, he said that the committee’s report highlighted the need for tougher rules to apply to privately owned companies, and for watchdogs to be handed additional powers to enforce them.
At Boardroom INSIDER, I tend not to cover the world of academic research into corporate governance very often. Our emphasis is on the nuts and bolts of board operation, as opposed to concepts such as “agency theory” and reviews of the literature.
But this shouldn’t imply that the world’s academic researchers are not doing important spadework in uncovering how boards function, and how they can better perform their roles. One recent paper offers a bracing reality check on what’s right (and wrong) with our corporate board model. Steven Boivie, of Texas A&M University and a group of researchers have published a paper with the intriguing title “Are Boards Designed to Fail?”