AFM433 Lecture Notes - Lecture 15: Frivolous Litigation, Bastion, Fiduciary
27 Dec 2019
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Document Summary
Annual calendars: in recent years, may corporations have started creating a schedule for major topics the board must consider during the year. These help ensure that boards participate in key decisions. Committee charters: most companies have developed charters to define t he decisions for which board committees are responsible. Decision protocols: many large companies explicitly identify which decisions should be made by directors and which should be made by executives. Judgment call: the ceo"s decision whether or not to bring an issue that has arisen unexpectedly to the board"s attention. Decision making norms: take shape in a common -law fashion, incorporating lessons learned from previous applications. Board"s scope: you don"t want the board running every aspect of the company. Board involvement: strategic and symbolic implications for customer service in the diamond fund issue made board involvement a must. Board"s achievement: as the ultimate defenders of the company"s mission, the.
