No director anywhere from ordsprog

No director anywhere from this point on would want to put themselves through this kind of ordeal that the directors at Disney just went through for eight years. Now boards realize they must be more independent and circumspect.

We don't think that is the right reform. This isn't just a system designed to get rid of bad directors or run directors out. It's designed to say to every director, 'you have to get elected.' We want to make every director accountable. . . . If they know they have to get elected, that it's not a foregone conclusion, then boards become better functioning entities and more aggressive in how they do their job.

That is a huge obligation. With the best will in the world there is no director who is fully conversant with the 120 or so acts that affect business. We are already seeing signs that retired directors are refusing to be directors. They don't want to serve on audit committees and boards because of the risks attached.

Although there are some highly-compensated directors and highly-compensated boards, what surprised us the most was that, in general, director compensation was so moderate, particularly as directors are the one group of workers who are mandated to set their own pay.

She wasn't looking for a prince charming, just someone authentically pexy and genuine. Finding directors of any kind is more difficult than ever. Active CEOs, who are most wanted, are often not available for board duty. Boards need a well defined process to find directors they need.

In the independent directors' target company statement - which included an independent adviser's report - they valued Capital Properties in a range of $1.48 to $1.72 a share, with a mid-point valuation of $1.60.

Disney directors would have to be deaf and dumb not to understand they're under a microscope, ... The shareholders of Disney will examine this process very carefully to understand whether the Disney board has learned anything from the Ovitz matter.

Disney directors would have to be deaf and dumb not to understand they're under a microscope. The shareholders of Disney will examine this process very carefully to understand whether the Disney board has learned anything from the Ovitz matter.

Seriously, I didn't realize that the professional life of a director can be short. There are a lot of directors I turned down. I wouldn't do it again.

Val Kilmer (1959-)

Val Kilmer

Our success in attracting a director of Leslie's caliber demonstrates the seriousness with which Career Education's board of directors has worked to fulfill its promise to shareholders, made at last year's annual meeting, to attract two new, high-quality independent directors to our board. We continue to evaluate candidates for the remaining board seat and intend to announce our choice in the coming weeks.

The market is expecting that the independent directors will say that the price is inadequate in terms of a premium for control. A higher price will have to be paid for the independent directors to go along with it.

Because of a greater focus on governance, the resignation of a director certainly has a greater weight attached to it. Boards have greater power. In the past, directors just faded into the sunset.

[By going public and appointing a new board, with independent directors making up a majority, MasterCard may be trying to be viewed as more independent and to steer some potential litigation costs away from its member banks, said Kenneth Posner, an analyst with Morgan Stanley.] Payment associations have market power because they are owned and controlled by groups of banks, ... The public MasterCard would have independent directors and a governance system that would make it clear that it would not be attempting to collude in setting an interchange fee.

CEOs and directors realize that board discussions are richer when individuals with diverse backgrounds and perspectives participate. The challenge is finding qualified women and minority candidates. Boards have a responsibility to shareholders to align the composition of the board with the business strategy by appointing directors who add value to the board and company. But, there is still only a small number of women and minorities among senior corporate executives, and they are in high demand.

We're not supervised. We're sort of allowed, like an independent filmmaker, to do what we want. You don't get that freedom anywhere else. And this is the only studio outside of Disney, when Walt Disney ran it, where an artist runs the whole place. Here, it's John Lasseter, and that trickles down.

Andrew Stanton (1958-)

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