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
73
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.
The author’ s attitude toward the role of outside directors is
选项
A、permissive.
B、positive.
C、scornful.
D、critical.
答案
B
解析
态度题。文中第二段提到外部董事的职责时,认为外部董事是能提供公正而有益的建议的顾问,这可以看出作者对外部董事这一角色及其职能基本持肯定态度,因此正确答案应该是B项。A项“宽容放任的”;C项“轻蔑鄙视的”和D项“批判的”,都不是作者的态度。
转载请注明原文地址:https://kaotiyun.com/show/o3sZ777K
0
考研英语一
相关试题推荐
Writealettertothepresidentofyourcollegeabouttheunpleasantconditionsoftheuniversitydormitory,suggestingpossible
Thedawnoftheoilagewasfairlyrecent.AlthoughthestuffwasusedtowaterproofboatsintheMiddleEast6,000yearsago,e
Twoofthemostcommonrumorsaboutimmigrantfamiliesarethattheydon’treallywanttobecomeAmericanandthatthey’readra
Twoofthemostcommonrumorsaboutimmigrantfamiliesarethattheydon’treallywanttobecomeAmericanandthatthey’readra
Inwhatweliketothinkofas"primitive"warriorcultures,thepassagetomanhoodrequiresthebloodingofaspear,thetaking
Whatwouldyoudowith$590m?Thisisnowa(n)【B1】______forGloriaMacKenzie,an84-year-oldwidowwhorecently【B2】______fromh
Whatwouldyoudowith$590m?Thisisnowa(n)【B1】______forGloriaMacKenzie,an84-year-oldwidowwhorecently【B2】______fromh
AsAmericamovesintothe21stcentury,thechangingcompositionoftheworkforcewillbecomemoreevidenttoboththegeneralp
TheInternetbeganinthe1960sasasmallnetworkofacademicandgovernmentcomputersprimarilyinvolvedinresearchfortheU
Becarefulwhatyousayaroundapregnantwoman.Asafetusgrowsinsideamother’sbelly,itcanhearsoundsfromtheoutsidew
随机试题
f______n.流利
求56的水平、垂直渐近线.
心理治疗中,医生要设身处地的理解患者,把患者的内心世界理解为好像是自己的,能分享患者的情感。这是
房屋产权人甲某委托某房地产中介服务机构丙公司将其房屋一次性出租,经丙公司关系甲某与承租人乙某签订了租赁合同,进行了租赁登记备案,租期自2005年6月10日开台,为期半年,实际成交月租金500元。2006年3月,甲某欲出售该房屋,又委托丙公司肖售,经丙公司联
工业炉窑砌筑工程工序交接证明书中,应提供炉内托砖板和锚固件等的位置、尺寸及其_______证明。()
某城市给水工程项目业主委托了一监理单位进行监理,在委托监理任务之前,业主与施工单位已经签订施工合同。监理单位在执行合同中陆续遇到一些问题需要进行处理,若你作为一名监理工程师,对遇到的下列问题,应提出怎样的处理意见。问题在施工招标文件中,按工
甲公司2014年10月1日与乙公司签订一项咨询合同,该合同于当日生效。合同约定,咨询期为2年,咨询费为500万元。甲公司估计咨询劳务总成本为300万元。2014年发生的成本为30万元,预计还将发生成本270万元;2015年发生成本160万元,预计还将发生成
王小明常年居住在某市A区,他在该市C区开了一家电器修理店,但是办理的个体工商户营业执照登记的业主却是常年居住在该市B区的王大明,而王大明实际上并不经营该电器修理店。2011年1月,在王小明店中打工的李好(常年居住在该市D区)在为客户武钢修理一台彩电时,由于
Intheearly20thcentury,ahorsenamedCleverHanswasbelievedcapableofcountingandotherimpressivementaltasks.Aftery
They______inAmericaonSeptember9th.
最新回复
(
0
)