At least 76 per cent of the respondents were chairmen, CEOs, managing directors, presidents and senior vice presidents, executive directors and general managers.

Welcomes the participation of a member of the Board of Trustees of the Fund at the thirtieth session of the Working Group and encourages the members of the Board to attend the next session of the Working Group

1 The decision of the board of directors and the opinions of the independent directors

A unitary board is comprised of executive and non executive directors.

The Fund is administered by IDB through its Donors' Council and Board of Executive Directors and the President of that Board.

If the roles of chairman and CEO are combined, the proportion of independent directors within the board structure assumes greater importance.

A clear distinction should be made between remuneration mechanisms for executive directors and non executive directors.

C. Board of Trustees

And if the chief executive is implicated, complaints go straight to the board of directors.

An enterprise should also disclose the actual board positions held, and whether or not the enterprise has a policy limiting the number of board positions that any one director can hold.

The ad hoc group agreed that the board should disclose whether it has a performance evaluation process in place, either for the board as a whole or for individual members.

(3) possessing smooth reporting channels and reporting the related information to the general manager, the board of directors or the auditing committee thereof through the reporting channels as determined by the board of directors and

Boards on Their Backs

It has become common practice for boards to establish board committees to facilitate fulfillment of certain of the board's functions and address some potential conflicts of interest.

The Board of Trustees then makes recommendations to the Secretary General in accordance with the guidelines of the Fund and Board.

A Theory of Boardroom Justice

Directors' remuneration

Article 35 During the reporting period, the Company shall make disclosure of for how many times the meeting of the board of directors has been held during the reporting period, give brief description of the presence of directors at the meeting, and summarize the major proposals and resolutions in the meeting of board of directors.

Additionally, he receives 100 for every board meeting he attends and 5000 every quarter as a member of the board.

FEE further recommends that the board should disclose its reasons for considering a non executive (or supervisory) director to be independent.

The group recommended that the number, type and duties of board positions held by an individual director should be disclosed.

An important aspect of performance is the attendance of directors at board and committee meetings.

It is recognized that not all non executive directors can be considered independent directors.

The ad hoc consultative group took the view that directors should disclose the mechanism for setting directors' remuneration and its structure.

It is important that directors disclose what their functions and retained powers are, otherwise the directors may be considered accountable for all matters connected to the enterprise.

Evaluation by the Board of Trustees and secretariat in performing their evaluation, the Board and the secretariat carry out the following activities

According to this proposed agreement, Tesla must appoint a independent president, two independent directors and a board committee to set out controls aiming at Musk s external communications.

Board committees

E. Members of the board and key executives

C. Recommendations adopted by the Board

Tenth session of the Board of Trustees

As the implementation of this recommendation requires advice from the Board of Trustees, it will need to be considered by the Board at its next session.

The group took the view that the composition of the board should be disclosed, in particular the balance of executive and non executive directors and whether any of the non executives have any affiliations (direct or indirect) with the company.

The Narayan Murty Committee Report in India, for instance, makes a clear distinction between non executive and independent directors.

The group suggested that the board should disclose facilities which may exist to provide members with professional advice.

At the beginning of 2005, women constituted 37 of the directors.

Section 5 Directors, Supervisors and Senior Managers

(5) guaranteeing that the compliance chief can independently communicate with the board of directors, the auditing committee of the board of directors or any other special committee and

If any director has taken on a specific role for the board or within one of these structures, this should be disclosed.

(1) A securities firm and its directors, supervisors and workers

(4) other rights as determined by the board of directors.

Mike is the only man on the board.

Twenty third session of the Board of Trustees

Twenty fourth session of the Board of Trustees

At January 2005, women constituted 37 of the directors.