7) The law already provides penalties against a corporate
taxpayer for negligence in the reporting of its tax liabilities.
boards must evaluate individual directors' performance and replac those who are ineffective.
Richard Eyre, president of the New York Chapter of the National Association of Corporate
Real Estate Executives (NACORE) and the director of real estate for CBS, Inc.
Reporting: Another hurdle must be overcome if there are corporate
The extraordinary shift in corporate
behavior in Japan is shown in the chart, put together from the flow of funds data indicating which sectors of the economy have been saving money (financial surplus), and which sectors have been borrowing and investing money (financial deficit).
Following the collapse of Enron, Business Roundtable undertook an expedited review of its 1997 Statement on Corporate
Governance--at the time its most recent statement on the subject--and released Principles of Corporate
Governance in May 2002.
Looked at in this way, corporate
compliance has always been important.
The theory of corporate
governance and the importance of adequate governance structures in a public company, a long-time favorite topic of academic debate, is common knowledge to both corporate
executives and investors, hammered in by consecutive high profile company failures.
The monthly Corporate
Governance Report costs $880 per year.
4) TEI and other commentators criticized the senior corporate
officer attestation proposal as misdirected and ill-founded and the proposal was subsequently removed from the Revised Senate Finance Committee Staff Discussion Draft of tax shelter legislation.
The results point to corporate
citizenship as potentially fruitful practice not only for society as a whole but also for the morale and performance of the businesses.
Needless to say, hard-edged corporate
executives like Bill Gates are not giving away money for nothing.