首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Ruth Simmons joined Goldman Sachs’s board as an outside director in January 2000; a year later she became president of Brown Uni
Ruth Simmons joined Goldman Sachs’s board as an outside director in January 2000; a year later she became president of Brown Uni
admin
2016-01-05
72
问题
Ruth Simmons joined Goldman Sachs’s board as an outside director in January 2000; a year later she became president of Brown University. For the rest of the decade she apparently managed both roles without attracting much criticism. But by the end of 2009 Ms. Simmons was under fire for having sat on Goldman ’ s compensation committee; how could she have let those enormous bonus payouts pass unremarked? By February the next year Ms. Simmons had left the board. The position was just taking up too much time, she said.
Outside directors are supposed to serve as helpful, yet less biased, advisers on a firm’s board. Having made their wealth and their reputations elsewhere, they presumably have enough independence to disagree with the chief executive’ s proposals. If the sky, and the share price, is falling, outside directors should be able to give advice based on having weathered their own crises.
The researchers from Ohio University used a database that covered more than 10,000 firms and more than 64,000 different directors between 1989 and 2004. Then they simply checked which directors stayed from one proxy statement to the next. The most likely reason for departing a board was age, so the researchers concentrated on those "surprise" disappearances by directors under the age of 70. They found that after a surprise departure, the probability that the company will subsequently have to restate earnings increases by nearly 20%. The likelihood of being named in a federal class-action lawsuit also increases, and the stock is likely to perform worse. The effect tended to be larger for larger firms. Although a correlation between them leaving and subsequent bad performance at the firm is suggestive, it does not mean that such directors are always jumping off a sinking ship. Often they "trade up", leaving riskier, smaller firms for larger and more stable firms.
But the researchers believe that outside directors have an easier time of avoiding a blow to their reputations if they leave a firm before bad news breaks, even if a review of history shows they were on the board at the time any wrongdoing occurred. Firms who want to keep their outside directors through tough times may have to create incentives. Otherwise outside directors will follow the example of Ms. Simmons, once again very popular on campus.
We learn from Paragraph 2 that outside directors are supposed to be
选项
A、generous investors.
B、unbiased executives.
C、share price forecasters.
D、independent advisers.
答案
D
解析
细节题。文章第二段的第一句和第二句明确指出“外部董事应该是公司董事会中有益而公正的顾问”,而且具有足够的独立性,因此,D项“独立的顾问”为正确答案。A项所说的“慷慨的投资者”文中没有体现;选项B项的含义是“公正的主管”,和C项“股价预测员”,是对原文意思的曲解。
转载请注明原文地址:https://kaotiyun.com/show/I3sZ777K
0
考研英语一
相关试题推荐
Thedawnoftheoilagewasfairlyrecent.AlthoughthestuffwasusedtowaterproofboatsintheMiddleEast6,000yearsago,e
Twoofthemostcommonrumorsaboutimmigrantfamiliesarethattheydon’treallywanttobecomeAmericanandthatthey’readra
Inthisyear’sStateoftheUnionaddress,PresidentObamaoutlinedaplantograduallyraisetheminimumwagefrom$7.25to$9/
ThesaleoftheWashingtonPosttoJeffBezosisjustthemostrecentepisodeinthedeclineandfallofprofessionaljournalism
Whatwouldyoudowith$590m?Thisisnowa(n)【B1】______forGloriaMacKenzie,an84-year-oldwidowwhorecently【B2】______fromh
Thatpeoplehavepersonalitiesgoeswithoutsaying.Petownerswillquicklyarguethattheiranimalshavepersonalitiestoo.Yet
AsAmericamovesintothe21stcentury,thechangingcompositionoftheworkforcewillbecomemoreevidenttoboththegeneralp
TheInternetbeganinthe1960sasasmallnetworkofacademicandgovernmentcomputersprimarilyinvolvedinresearchfortheU
Theguyinthenextcubicleisyammeringawayonthephone.Acrosstheroom,someonebeginscursingloudlyatajammedcopymach
随机试题
在民事诉讼中,原告要求与被告解除婚姻关系的诉讼属于
计算
氨茶碱静注过快可出现的不良反应是:
表皮癣菌感染可引起白色念珠菌感染可引起
女,28岁。发热半月,弛张热型,伴恶寒、关节痛。体检:皮肤瘀点,Osier结节,心脏有杂音,考虑为感染性心内膜炎。确诊的直接证据来自
下列施工文件档案资料中,属于工程质量控制资料的有()。
老张:只有四川人才爱吃辣椒。小刘:不对吧!老李是四川人,但他不爱吃辣椒。小刘的回答把老张的话误解为以下哪项?
《行政处罚法》规定,未满14周岁的人违反行政法律规范将()。
给定资料1.2015年3月,十二届全国人大三次会议上,李克强总理在政府工作报告中首次提出“互联网+”行动计划,提到“提升旅游休闲消费”,“把以互联网为载体、线上线下互动的新兴消费搞得红红火火”。“互联网+”成了020(线上和线下)的新表达,旅游是新兴消费
Youwillhearfivedifferentbusinesstelephonecalls.Foreachextracttherearetwotasks.ForTaskOne,choosethereceiver’s
最新回复
(
0
)