The Hitchhiker's Guide to the Dodd-Frank Act

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Language: English

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The Board has the responsibility to ensure that in good times, as well as difficult times, management is capably executing its duties. In many African countries, civil society organisations have helped increase state accountability to the citizenry by exposing and denouncing wrongdoings. Sluder was elected to the Board of Directors in May 2007. He served as Chairman of the Board and Chief Executive Officer of National Semiconductor Corporation from May 1996 to November 2009, and continued to serve as Chairman of the Board of that company until May 2010.

Pages: 479

ISBN: B01B3I6LPU

The Board reviews and discusses reports by management on the performance of the Company, its plans and prospects, as well as immediate issues facing the Company. In addition to its general oversight of management, the Board (either directly or through its committees) also performs a number of specific functions, including: • Representing the interests of the Company’s stockholders in maintaining and enhancing the success of the Company’s business, including optimizing long-term returns to increase stockholder value; • Selecting, evaluating and compensating a well-qualified CEO of high integrity, and overseeing CEO succession planning; • Providing counsel and oversight on the selection, evaluation, development and compensation of senior management; • Reviewing, approving and interacting with senior management with respect to the Company’s significant financial and business strategies and transactions and major corporate actions, including strategic planning, management development and succession, operating performance and stockholder returns; • Reviewing, understanding and approving the Company’s financial statements and reports, and overseeing the establishment and maintenance of controls, processes and procedures to promote accuracy, integrity and clarity in financial and other disclosures; • Assessing major risks facing the Company and reviewing options for their mitigation; • Overseeing the establishment and maintenance of the Company’s governance and compliance processes and procedures to promote the conduct of the Company’s business with the highest standards of responsibility, ethics and integrity; and • Providing general advice and counsel to the CEO and other senior management in connection with issues arising during the course of managing the Company’s business http://www.bitofhoperanch.com/library/report-to-the-president-office-of-anticorruption-and-integrity-2010-annual-report-office-of.
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