Professional Documents
Culture Documents
Governance in Practice
Governance in Practice
Annual reports
o Info about BOD
o Mission statement
o Corporate governance principles/ statement
Fillings with regulatory authorities
o SEC (DEF14A for US, Reports on PSX)
Assessing the board
o Board composition (Age, tenure, background, company to co. & CEO)
o Board operations (Who chairs the board, meetings, attendance, effectiveness: Keep
managers on their toes)
Investor/ Analyst Activity
o Buy side (Biggest stockholders, history of these stockholders on corp govern)
o Sell side (Who are the analysts that track the firm, views on the stock)
o Activist (Are there any investors who are pains in the neck?)
Rules of the game
o How is the voting structure set up?
Multiple classes, with different voting rights?
Golden shares? (or veto votes) (such as gov’s giving them veto power on big
acquisitions)
o Corporate Charter
Find info about Takeover clauses (Anti takeover amendments etc)
Voting rules (Proxies, voting at meetings)
Nomination directors
Do a comparison with other companies in the same sector