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Part A
An issue that attracts debate in relation to corporate governance is whether there should be a requirement that boards have a majority of independent directors.
Consider the above statement, then identify and discuss both the arguments for and against the proposal that the majority of members of the board of Directors should a beindependent.
Your discussion must include a response to the following:
- what does the term 'independent director' mean? - should specific board positions be held by independent directors (eg Chairman). If so, why? If not, why not?- What is the primary role of a board of directors? - Is the primary role of a board of directors' best met by having a majority of independent directors?- is there evidence of a positive correlation between an 'independent board' (ie a board consisting of a majority of independent directors) and corporate performance (ie, is there any evidence that performance is improved where the majority of the board is independent)?
Part B
There are formal regulatory approaches to corporate governance and voluntary, self-regulation approaches. Give an example of each. Identify and briefly explain both a theory of corporate governance that supports a formal regulatory approach (20 marks) and a theory that supports a voluntary, self -regulation approach.
Report and monitor expenditure and compare with financial plans so that recommendations are developed for key stakeholders.
Suppose the company cancels the dividend and announces that it will use the money saved to repurchase shares. What happens to the stock price on the announcement date?
The Duncan Company's stock is currently selling for $15. People generally expect its price to rise to $18 by the end of next year. They also expect that it will pay a dividend of $0.50 per share during the year. What is the expected return on an i..
What is the dollar-weighted duration of the bank's liability portfolio if the bank wants to maintain zero leverage - adjusted duration gap?
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Does any currency exchange rate risk exist and what is a tariff? How is it implemented and collected?
Pricing and Production Decisions at PoolVac, Inc.
Royalty payments arrive once per year, starting one year from now. In the first year, the author expects $400,000 in royalties, followed by $300,000, then $100,000, then $10,000 in the three subsequent years.
Find the unknowns in Big Chuck's abbreviated cash budget and determine the outstanding loan balance as of September 30, after any repayments have been made.
Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.
you are an arbitrageur looking for opportunities to capitalise on mispriced securities. you notice that the bhp put
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