Brace position

Article Abstract:

The Hampel Combined Code, as for the parties that support direct government intervention, still has to resolve the formidable question of director's remuneration and the Remuneration Committee. A second field that will be unacceptable to the majority is the inability to apply the Code to private unlisted companies. The recent tendency in legislation has been to diminish instead of increasing the bureaucratic onus on small firms.

Laws, regulations and rules, Bureaucracy

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Measuring up

Article Abstract:

A survey of CEOs and board members shows that improvements can still be made with regards to performance measurement practices of Canadian firms. Results of the survey implies that non-financial and financial outcomes should be considered by performance measurement systems in order to be effective. Effectiveness is also achieved when strategic priorities and the performance measures given to board members fit with each other.

Canada, Surveys, Employee performance appraisals, Performance appraisals

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Keeping audit committees effective

Article Abstract:

Issues concerning the structure and responsibilities of corporate audit committees are discussed. An effective audit committee plays a significant role in corporate governance.

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