ADVISORY/Experts Available to Discuss Separating Top Positions to Improve Corporate Governance.Business EditorsADVISORY... --(BUSINESS WIRE) TOPIC: Google Inc. announced chief executive Eric Schmidt will no longer hold the title of chairman, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article by the San Francisco Chronicle The San Francisco Chronicle was founded in 1865 as The Daily Dramatic Chronicle by teenage brothers Charles de Young and Michael H. de Young.[2] The paper grew along with San Francisco to become the largest circulation newspaper on the West Coast of the . Experts say the decision to separate the chief executive and chairman positions was likely made to improve corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. . The practice of dividing top positions is to make boards responsive to shareholders. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Chuck Pappalardo is managing director of Trilogy Venture Search, a retained executive recruiting firm headquartered in California's Silicon Valley. An 18-year veteran of the retained search industry, Chuck specializes in C-level searches and building executive management teams for venture, private equity, technology, life sciences, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. clients. Chuck is available to talk about economic conditions, specifically as they relate to hiring trends and hot employment opportunities, as well as such topical issues as corporate governance, character/ethics assessments, compensation/severance packages, etc. On separating top positions, Pappalardo says "Many prominent organizations are currently grappling with the responsibilities of top executives post Sarbanes-Oxley. Google's recent decision to separate the roles of the Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. (following similar decisions by the NYSE NYSE See: New York Stock Exchange , Oracle, and Siebel) is part of a very healthy trend. Much like the U.S. government, power needs to be dispersed so that a system of checks and balances can operate. In the late 1990s, boards became increasingly dysfunctional as stock prices soared. Those in charge often shut their eyes to corporate misdeeds in favor of cashing in." Pappalardo adds, "European companies are way ahead of the curve in this regard--there, the split arrangement is the norm." PR Contact: Renay Fanelli 415-457-7180 renay@wire-to-wire.com Paul Maco chairs Vinson & Elkins L.L.P.'s Corporate Governance & Compliance Group and practices in the area of federal securities law and public finance. He joined the firm as a partner in 2000 after serving as the Director of the Office of Municipal Securities and as an Attorney Fellow in the Securities and Exchange Commission's Office of General Counsel at the U.S. Securities and Exchange Commission. At the SEC, Paul was responsible for leading the effort to reform the municipal bond market under Chairman Arthur Levitt, including policy development, coordination and implementation of SEC initiatives. He oversaw all Commission activity arising from the bankruptcy of Orange County, California Orange County is a county in Southern California, United States. Its county seat is Santa Ana. According to the 2000 Census, its population was 2,846,289, making it the second most populous county in the state of California, and the fifth most populous in the United States. and advised the Commission on enforcement actions, rulemaking policy, and oversight of the Municipal Securities Rulemaking Board The Municipal Securities Rulemaking Board, often referred to simply as the MSRB, makes rules regulating broker-dealers and banks that deal in municipal bonds, municipal notes, and other municipal securities in the United States. . 202-639-6705 pmaco@velaw.com Dr. W. Gerard Sanders is the J. Earl Garrett Fellow in Strategic Management at the Marriott School of Business and Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. . He is an expert in corporate governance (including executive compensation) and corporate growth strategies. He has studied the effects of alternative corporate governance mechanisms on firm strategy, investment, and performance. He teaches the strategy formulation course in the MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration and undergraduate programs, as well as an elective course on managing corporate growth through mergers and acquisitions. Professor Sanders' scholarly work has been published in leading management journals, including the Academy of Management Journal, Strategic Management Journal, Human Resource Management Journal, Journal of Management and Managerial Finance. He has done extensive work on top management team incentives. Professor Sanders' recent work has examined the governance and growth of emerging businesses (e.g., Internet firms), and the use of market signals to facilitate shareholder appeasement appeasement Foreign policy of pacifying an aggrieved nation through negotiation in order to prevent war. The prime example is Britain's policy toward Fascist Italy and Nazi Germany in the 1930s. . 801-422-7607 ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/. |
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