Corporate Finance: A Practical Approach by Michelle R. Clayman, Martin S. Fridson, George H. Troughton,

By Michelle R. Clayman, Martin S. Fridson, George H. Troughton, Matthew Scanlan

The ebook that fills the practitioner want for a distillation of an important instruments and ideas of company finance

In modern day aggressive enterprise surroundings, businesses needs to locate cutting edge how you can permit fast and sustainable development not only to outlive, yet to thrive. Corporate Finance: a realistic Approach is designed to assist monetary analysts, executives, and traders do so target with a practice-oriented distillation of crucial instruments and ideas of company finance.

Updated for a post-financial difficulty surroundings, the Second Edition offers insurance of crucial matters surrounding smooth company finance for the recent worldwide economy:

  • Preserves the hallmark conciseness of the 1st variation whereas delivering multiplied insurance of key themes together with dividend coverage, proportion repurchases, and capital structure
  • Current, real-world examples are built-in in the course of the publication to supply the reader with a concrete knowing of severe company progress concepts
  • Explanations and examples are rigorous and international, yet make minimum use of mathematics
  • Each bankruptcy offers studying ambitions which spotlight key fabric, assisting the reader glean the best enterprise suggestion possible
  • Written by means of the specialists at CFA Institute, the world's greatest organization funding managers

Created for present and aspiring monetary pros and traders alike, Corporate Finance makes a speciality of the information, talents, and talents essential to reach cutting-edge international company global.

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Extra info for Corporate Finance: A Practical Approach

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C01 13 January 2012; 9:5:41 12 Corporate Finance In summarizing the duties and needs of boards of directors, The Corporate Governance of Listed Companies: A Manual for Investors10 states: Board members owe a duty to make decisions based on what ultimately is best for the long-term interests of shareowners. In order to do this effectively, board members need a combination of three things: independence, experience and resources. First, a board should be composed of at least a majority of independent board members with the autonomy to act independently from management.

Members of the board of directors serve as agents for the owners, the shareholders, a mechanism designed to represent the investors and to ensure that their interests are being well served. This intermediary generally is responsible for monitoring the activities of managers, approving strategies and policies, and making certain that these serve investors’ interests. The board is also responsible for approving mergers and acquisitions, approving audit contracts and reviewing the audit and financial statements, setting managers’ compensation including any incentive or performance awards, and disciplining or replacing poorly performing managers.

8. Nominating Committee In most corporations, currently, nominations of members of the board of directors and for executive officers of the company are made by members of the board, most often at the recommendation of, or in consultation with, the management of the company. In such circumstances, the criteria for selection of nominees may favor management’s best interests at the expense of the interests of shareholders. This is all the more important because in the usual case, shareholders have no authority to nominate slates of directors who might best represent them.

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