Search results
Results From The WOW.Com Content Network
Consisting of elected individuals who serve as advisors to a corporation, a board of directors acts as a proxy (representative or substitute) for shareholders. For-profit and nonprofit corporations – as well as some government agencies – have a board of directors. Boards vary according to the country in which they operate and the company ...
The board of directors then reviews this information, including Company XYZ’s profit margin, and declares via an April 30 press release a $0.10 dividend per share for the quarter, payable on May 15 to shareholders of record as of May 1. In this case, the declaration date is April 30.
A board of directors is a team of people elected by a corporation 's shareholders to represent the shareholders' interests and ensure that the company's management acts on their behalf. The head of the board of directors is the chairman or chairperson of the board. Directors attend board meetings, usually quarterly, in order to evaluate ...
At the end of the quarter (say, March 30), Company XYZ calculates its financial performance. The board of directors thenreviews this information, including Company XYZ’s profits, and declares, via an April 30 press release, a $0.10 dividend per share for the quarter, payable on May 15. In this case, the dividend declaration date is April 30.
The board of directors is elected to make decisions that are in the best interest of the shareholders. 3. A corporation has an unlimited life; that is, corporations don't die or expire unless a) the shareholders decide to intentionally dissolve the corporation or b) a corporation is unable to pay its debts and is forced into bankruptcy .
The CEO informs the board of the company's activities and plans on a regular basis. The CEO often has a seat on the board of directors, but the board can also fire the CEO -- that is, the CEO 'serves at the pleasure of the board.' Good CEOs have skills in a variety of areas, but the CEO's job is not to be an expert in every area of a business.
The board of directors lays at the heart of the notion of corporate governance -- it has a fiduciary duty to the shareholders. This can be difficult, especially when the vast majority of information boards receive about corporate performance comes from management, but nevertheless, the board is ultimately responsible for the integrity of a ...
The board of directors then reviews this information, including Company XYZ’s profits, and declares via an April 30 press release a $0.10 dividend per share for the quarter, payable on May 15 to shareholders of record as of May 1. In this case, the dividend record date is May 1.
The board of directors also announces the dividend record date. Ex-Dividend Date. After the record date has been determined, the stock exchanges or the National Association of Securities Dealers assign the ex-dividend date. The ex-dividend date lands exactly one trading day before the record date.
The Sarbanes-Oxley Act of 2002 came in the wake of some of the nation's largest financial scandals, including the bankruptcies of Enron, WorldCom, and Tyco. As such, the Act is widely considered to contain some of the most dramatic changes to federal securities laws since the 1930s. The Sarbanes-Oxley Act goes beyond requiring corporate boards ...