Salomon Smith Barney - Best Practices in Corporate Governance.pdf

文档介绍：S
GLOBAL AUGUST 2002
CORPORATE
FINANCE
Financial Strategy
UNITED STATES
Anil Shivdasani
[phone]
@ Best Practices in
New York
Marc Zenner Corporate Governance
[phone]
@ What Two Decades of Research Reveals
New York
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August 9, 2002 Best Practices in Corporate Governance

Contents

Executive Summary 3
Introduction 4
What Does the Research Tell Us? 5
Should the Board posed of a Majority of Independent Directors?.......................................... 5
Who Qualifies as an Independent Director?....................................................................................... 6
Should the CEO be the Only Insider?................................................................................................ 7
Should the Chairman be Separate from the CEO? ............................................................................. 7
How Should mittees be Structured?................................................................................. 8
How Often Should the Board Meet? ................................................................................................. 9
How Large Should the Board Be?..................................................................................................... 9
How Many Boards Should Directors Sit On? .................................................................................... 10
Should Top Executives Hold More Stock?........................................................................................ 11
Does pensation Create Value for Shareholders?.............................................................. 12
How Should Directors pensated? .......................................................................................... 12
Wh