Corporate shareholders to review the consideration packages

Assignment Help Management Theories
Reference no: EM131378701

Twenty-two congressional representatives proposed a bill that would permit corporate shareholders to review the consideration packages that had been granted to key corporate executives of public corporations. The bill, which was named the Shareholder Vote on Executive Compensation Act, would empower the shareholders of public corporations to evaluate and vote on the appropriateness of the compensation packages that had been granted to the corporation's top five officers.

The vote, however, would not obligate the corporation to change the compensation package if the shareholders disapproved of its terms.

Would such a bill, if enacted into law, conflict with established contract law principles that permit parties to negotiate their own level of consideration? Explain.

See Donna Block, "Proposal Seeks Shareholder OK on Executive Pay," The National Law Journal, March 12, 2007, p. 9.

Reference no: EM131378701

Questions Cloud

How much heat energy is generated in the clutch : What is the approximate time required for the clutch to accelerate the driven machine from rest to 550 rpm?
How can a charitable pledge be consideration : How can a charitable pledge be consideration?- What is the procedure that a debtor and creditor may use to settle a claim by means of accord and satisfaction?
Discuss the history of the maya : Maya Civilization. After reading the chapter on the Americas and the links I have provided below, discuss the history of the Maya paying particular attention to their calendar system, religion, and the Ball Game
What is the magnitude of the torque developed by the brake : How far below the drum center would the arm pivot need to be to make the brake self-locking for f = 0.35?
Corporate shareholders to review the consideration packages : Would such a bill, if enacted into law, conflict with established contract law principles that permit parties to negotiate their own level of consideration? Explain.
Did ahmed handle the given situation appropriately : What are the major ethical issues in this scenario? Did Ahmed handle this situation appropriately? Why, or why not? Did Ahmed use the proper chain of command?
Court stop move based on doctrine of promissory estoppel : Therefore, GM should be forced to keep its promise to maintain the Ypsilanti plant. Should the court stop this move based on the doctrine of promissory estoppel ? Explain.
Discussion of the culture before the transition : Prepare an essay (1,250-1,500 words) in which you discuss one of the transitions identified above. Include the following in your essay: A discussion of the culture before the transition and A discussion of the culture during the transition
What thing of value has aviation transferred to institute : What "thing of value," if any, has Aviation transferred to the institute that it did not already owe the institute under the original contract? Explain.

Reviews

Write a Review

Management Theories Questions & Answers

  What can be done to solve the problems

After a promising start, Mercosur, the major Latin American trade agreement, has faltered and made little progress since 2000. What problems are hurting Mercosur? What can be done to solve these problems?

  Should shipping companies have prevailed in product

The plaintiffs brought a product liability suit against Delaval. The suit alleged that the manufacturing defects caused the damage. Should the shipping companies have prevailed in product liability against the manufacturer? Explain.

  A new tool developed by kimberly-clark corp

Using a new tool developed by Kimberly-Clark Corp., a woman stood surrounded by three screens showing a store aisle, a retina-tracking device recording her every glance. At Kimberly-Clark, innovation doesn't stop with developing more-absorbent dia..

  Process diagrams for the business process

Prepare two (2) general process diagrams for the business process change you identified for Question 4 in Section 1. Create a diagram of the steps currently taken by the organisation for the process. Create a diagram of any adaptations to the proc..

  Who determines ethical standards for advertising

Who determines ethical standards for advertising? In what ways has advertising affected American culture? What are the key persuasive techniques used in consumer advertising? Illustrate with specific examples, explaining how each technique works

  Can victor have the agreement set aside

In October of the following year, Jane informed Victor that she had sold most of his former property and that she was leaving him permanently. Can Victor have the agreement set aside as a result of undue influence?

  What is a pocket veto

What is a pocket veto?

  Problems with passwords authentication

Network and application managers need to know who is accessing their systems to determine appropriate access levels. Typically, they require that users create secret passwords. A secret password, known only to the user, allows an administrator to ..

  Describe the programs quality improvement model

Describe the program's quality improvement model. Discuss with your interviewee procedures used to address quality assurance in the healthcare program. Discuss what issues have impacted quality of services.

  Pricing strategies and methods

Based on your experience or readings, discuss the different types of pricing strategies and methodologies confronted by Purchasing and Supply Management professionals in the acquisition of goods and services - in particular cost- and market-ba..

  Why would a company care about the timeliness of its data

Why would a company care about the timeliness of its data?-  What are the five characteristics common to high-quality information?

  The soft goods department of a large department store sells

The soft goods department of a large department store sells

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd