Corporate Governance: The Jack Wright Series (4) the Mystique of Board Meetings
8 Pages Posted: 23 Jun 2009
Abstract
This case study augments the chapter on board meetings. The purpose of meetings are illustrated as are Jack Wright's reactions to the flow of his first board meeting with Mega Corporation.
Excerpt
UVA-OM-1086
Rev. May 11, 2011
CORPORATE GOVERNANCE: The Jack Wright Series (4)
The Mystique of Board Meetings
Preparing for the First Meeting
Approximately two months after agreeing to join the Mega board, Jack Wright received a package of material for his first board meeting in April, immediately after the annual meeting at which he was to be elected. The package arrived on a Friday afternoon, and the two-day meeting was to begin on the following Tuesday, with committee meetings. A social dinner was scheduled for Tuesday evening, and the full board meeting was scheduled for Wednesday after the annual meeting in the morning. While he technically would ot be elected until the annual meeting, he was asked to attend the Audit Committee meeting, on which he had been asked to serve. He could participate but would not have a vote.
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Keywords: operations management, compensation, employee, legal aspects, board of directors, corporate governance
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