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>>Institute
News Releases
l Media
Kit
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September, 2007
Fifth Annual
Business Roundtable Corporate Governance
Survey Finds Increased Independence and
Company Oversight by Board of Directors
Business Wire, September 28, 2007 |
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"The spotlight on governance reform in
Corporate America is well placed and
speaks to the accountability
corporations share in creating long-term
value for stakeholders," said
Anne M. Mulcahy,
Chairman and CEO of Xerox Corporation
and Chairman of Business Roundtable
Corporate Governance Task Force. "The
results from this CEO survey demonstrate
the importance of governance in leading
a successful company through independent
boards, performance-based compensation,
and smart business practices that align
with the influential role Corporate
America plays in our world today." |
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Quarterly earnings
guidance - good or bad?
Economic Times (India),
September 18, 2007 |
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The three most significant benefits of
earnings guidance include satisfying
requests from investors and analysts;
maintaining a channel of communication
with investors, and intensifying
management’s focus on achieving
financial targets. However, it appears
that short-term earnings guidance has
resulted in short-termism, with cost
outweighing the benefits. In
corporations, these costs are manifest
in the practice of deferring investments
and liquidating assets to enhance
reported quarterly earnings per share.
Beginning in September 2005, the CFA
Institute, Centre for Financial Market
Integrity and the Business Roundtable
Institute for Corporate Ethics
co-sponsored a 'symposium series on
short-termism'. |
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