Briefly discuss the conflicts of interests involved in excessive executive compensation.
What will be an ideal response?
Excessive executive compensation can involve a variety of conflicts of interests and cronyism. The board's duties should include ensuring that executives are fairly and not excessively paid. They also have a responsibility to evaluate the executive's performance. However, all too often, the executive being evaluated and paid also serves as chair of the board of directors. The board is often comprised of members hand-selected by the senior executives. In addition, the compensation board members receive is determined by the chief executive officer, creating yet another conflict of interest. The cronyism does not end at the boardroom door. One of the larger concerns to have arisen in recent years has been the cross-fertilization of boards. It lends itself to the appearance of impropriety and gives rise to a question of conflicts.
Cronyism or basic occurrences of overlapping board members might occur, of course, simply because particular individuals are in high demand as a result of their expertise. However, where the overlap results in a failure of oversight and effective governance-the primary legal and ethical responsibility of board members-the implications can be significant to all stakeholders involved.
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Which of the following statements is true about logistics operations?
a. Logistics is the transformation of raw materials into finished products. b. Logistics refers to the transportation and activities associated with transportation of raw materials and finished goods. c. Logistics are usually the first operations activity to be offshored. d. Logistics are usually the first operations to be outsourced.
The two basic elements to consideration are legal adequacy and a bargained-for exchange
a. True b. False Indicate whether the statement is true or false
A project champion is:
A) A project manager that always completes projects within the allotted time frame. B) A sponsor in top management that is keenly interested in the project's success. C) A project manager that always completes projects within the allotted budget. D) A project manager that always completes projects within the allotted time frame and under budget.
Consider the adjacent work stations in this two card Kanban system. Work Center 3 has just pulled the Incoming Parts C box to their work station
Plant manager Taichi Ohno grabs the microphone for the company PA system and announces that effective immediately, the company will switch to a one card system. Which of these actions is appropriate? A) The production card will be discarded and the empty container will function as a production signal. B) The move card will be discarded and the empty container will function as a move signal. C) Both the move and production cards will be discarded in favor of a combined move/production card. D) The production card will be discarded as production will be implied and the move cards will signal when items are needed downstream.