首页
登录
职称英语
Over the past decade, American companies have tried hard to find ways to dis
Over the past decade, American companies have tried hard to find ways to dis
游客
2023-08-05
48
管理
问题
Over the past decade, American companies have tried hard to find ways to discourage senior managers from feathering their own nests at the expense of their shareholders. The three most popular reforms have been recruiting more outside directors in order to make boards more independent, linking bosses’ pay to various performance measure, and giving bosses share options so that they have the same long-term interests as their shareholders.
These reforms have been widely adopted by America’s larger companies, and surveys suggest that many more companies are thinking of following their lead. But have they done any good? Three papers presented at the annual meeting of the Academy of Management in Boston this week suggest not. As is usually the case with boardroom tinkering, the consequences have differed from those intended.
Start with those independent boards. On the face of it, dismissing the boss’s friends from the board and replacing them with outsiders looks a perfect way to make senior managers more accountable. But that is not the conclusion of a study by Professor James Westphal. Instead, he found that bosses with a boardroom full of outsiders spend much of their time building alliances, doing personal favors and generally pleasing the outsiders.
All too often, these seductions succeed. Mr. Westphal found that, to a remarkable degree, "independent" boards pursue strategies that are likely to favor senior managers rather than shareholders. Such companies diversify their business, increase the pay of executives and weaken the link between pay and performance.
To assess the impact of performance related pay, Mr. Westphal asked the bosses of 103 companies with sales of over $ 1 billion what measurements were used to determine their pay. The measurements varied widely, ranging from sales to earnings per share. But the researcher’s big discovery was that bosses attend to measures that affect their own incomes and ignore or play down other factors that affect a company’s overall success.
In short, bosses are quick to turn every imaginable system of corporate government to their advantage which is probably why they are the people who are put in charge of things. Here is a paradox for the management theorists: any boss who cannot beat a system designed to keep him under control is probably not worth having. [br] What is the purpose of the large companies recruiting more outside directors?
选项
A、To diversify the business of the corporations.
B、To increase the cooperation between the senior managers and the board directors.
C、To introduce effective reforms in business management.
D、To protect the benefit of the shareholders.
答案
D
解析
由题干关键词recruiting more outside directors定位至第一段。细节辨认题。定位段指出,在过去的10年里,美国公司竭力要找出方法阻止高级管理人员牺牲股东的利益谋取私利,从而采取了一些改革措施,故D)“保护股东利益”为答案。
转载请注明原文地址:https://tihaiku.com/zcyy/2899269.html
相关试题推荐
CompaniesAreWorkingwithConsumerstoReduceWasteA)Ascon
CompaniesAreWorkingwithConsumerstoReduceWasteA)Ascon
CompaniesAreWorkingwithConsumerstoReduceWasteA)Ascon
CompaniesAreWorkingwithConsumerstoReduceWasteA)Ascon
CompaniesAreWorkingwithConsumerstoReduceWasteA)Ascon
Inafewdecades,artificialintelligence(AI)willsurpassmanyoftheabili
Inafewdecades,artificialintelligence(AI)willsurpassmanyoftheabili
WhenIre-enteredthefull-timeworkforceafewyearsagoafteradecadeofs
WhenIre-enteredthefull-timeworkforceafewyearsagoafteradecadeofs
WhenIre-enteredthefull-timeworkforceafewyearsagoafteradecadeofs
随机试题
______iswidelyacclaimed"FounderoftheAmericanDrama".A、ScottFitzgeraldB、
Rapidchangesintechnologyandincreasinginternationalcompetitionhavele
新生儿生后2天,生后20个小时出现黄疸。查体:反应好,皮肤中度黄染,肝脾轻度肿大
根据《统计法》规定,政府统计调查项目之间应当( )。A.明确分工 B.确定管
对批量N=1000的产品批进行外观验收,经全检发现有25个瑕疵点,则该批产品
人在每一瞬间,将心理活动选择了某些对象而忽略了另一些对象。这一特点指的是注意的(
近日,禁止干部参赌成为热门话题。在春节来临之际,突出抓一下这个问题,()。填
教育学研究的对象是()。A.教育现象 B.教育规律 C.教育事实 D.
一套完整的财务报表应包括()。A.资产负债表 B.利润表 C.现金流量表
下列关于医患双方权利和义务关系的说法,不正确的是( )。A.维护医务人员权利的
最新回复
(
0
)