Get off the Island.ONE IN SIX INVESTORS report they've they've Contraction of they have. they've have exerted pressure on a board that led to a CEO's dismissal, 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. a survey of 300 global institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. conducted by Russell Reynolds Associates. "CEOs and boards see themselves as accountable to shareholders, and that implicitly gives shareholders power and influence," says Andrea Redmond, managing director of the company's board services practice. Sandy Kemper, founder 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. of online banking services firm eScout and former chairman and CEO of UMB (1) (Upper Memory Block) See UMA. (2) (Ultra Mobile Broadband) See 3GPP. 1. UMB - Upper Memory Block. 2. UMB - A university(?). Bank. CEO Ousters In the past year, has your organization exerted pressure to oust a CEO? Yes 15% No 85% Note: Table made from pie chart What was the most significant factor leading to the termination? Poor financial Performance 59% Poor non-financial 29% performance Poor Strategy and vision 29% Conflict with other executives 11% Stock price decline 11% Note: Table made from bar graph What other groups played a role in the process? Board Members 62% Institutional investors 57% Shareholders 48% The media 14% Employees 3% Source: Russell Reynolds Associates, 2001 International Survey of Institutional Investors Note: Table made from bar graph |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion