Murray Stroller is analysing the board of tyre manufacturer LackinGrip, which is in the ASX300. He...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Murray Stroller is analysing the board of tyre manufacturer LackinGrip, which is in the ASX300. He compiles the following information: Name Mr Graham Hill Mr Damon Hill Mr Nino Farina Mr Juan Manuel Fangio Mr Alberto Ascari Mr Mike Hawthorn Mr Jack Brabham Mr Jim Clark Title (per company disclosures) Non-executive 29 chair Tenure Other (years) ASX- listed company roles CEO/Managing 25 director Non-executive director 50 Non-executive 4 director Non-executive 6 director Non-executive 8 director Non-executive 1 director Non-executive 0 director 2 1 5 (4 of these are chair roles) 2 2 Skills and experience Financial services Accounting Managing tyre manufacturing company. companies Opera singer Accounting Other information Lawyer Graham is Damon's father. Cyber security Fangio buys Lackin Grip tyres for his daughter's car from the local tyre. outlet. Investment banker Damon owns 25% of the Farina worked at LackinGrip until last year as CFO. Hawthorn is Damon Hill's godfather. To help the business Brabham was granted performance rights which vest if the company hits profit hurdles. A) Briefly describe any shortcomings/flaws of this board with respect to independence. B) Two of the directors (Nino Farina and Juan Manuel Fangio) are up for re-election. As an ESG investor state whether you would vote for or against each of these directors and give your reasons for doing so in the context of the overall board. Murray Stroller is analysing the board of tyre manufacturer LackinGrip, which is in the ASX300. He compiles the following information: Name Mr Graham Hill Mr Damon Hill Mr Nino Farina Mr Juan Manuel Fangio Mr Alberto Ascari Mr Mike Hawthorn Mr Jack Brabham Mr Jim Clark Title (per company disclosures) Non-executive 29 chair Tenure Other (years) ASX- listed company roles CEO/Managing 25 director Non-executive director 50 Non-executive 4 director Non-executive 6 director Non-executive 8 director Non-executive 1 director Non-executive 0 director 2 1 5 (4 of these are chair roles) 2 2 Skills and experience Financial services Accounting Managing tyre manufacturing company. companies Opera singer Accounting Other information Lawyer Graham is Damon's father. Cyber security Fangio buys Lackin Grip tyres for his daughter's car from the local tyre. outlet. Investment banker Damon owns 25% of the Farina worked at LackinGrip until last year as CFO. Hawthorn is Damon Hill's godfather. To help the business Brabham was granted performance rights which vest if the company hits profit hurdles. A) Briefly describe any shortcomings/flaws of this board with respect to independence. B) Two of the directors (Nino Farina and Juan Manuel Fangio) are up for re-election. As an ESG investor state whether you would vote for or against each of these directors and give your reasons for doing so in the context of the overall board.
Expert Answer:
Answer rating: 100% (QA)
Answer and Explanation It seems like you are referring to a corporate board of directors and conside... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Find f(0) and then find the equation of the given linear function. f(0) = f(x) = X -4 -3 -2 -1 f(x) 0 -1 -2 -3 24
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Subject : Strategic Management in a Global Environment Safaricom: Innovative Telecom Solutions to Empower Kenyans As the largest mobile provider in Kenya, Safaricom has touched the lives of Kenyans...
-
Let z(k) denote the k-year continuously compounded zero-coupon yield for the current term structure. You are given that z(1) = 0.035, z(2) = 0.041, z(3) = 0.045, z(4) = 0.049, z(5) = 0.051, z(6) =...
-
Imagine the following Young's double-slit experiment using matter rather than light: electrons are accelerated through a potential difference of 12 V pass through two closely spaced slits separated...
-
Gaussian elimination can be used to efficiently evaluate a determinant, as follows. Divide each element of row 1 of the determinant (8.20) by (11 and place the factor (11 in front of the determinant...
-
In an experiment to determine whether there is a systematic difference between the weights obtained with two different scales, 10 rock specimens were weighed, in grams, on each scale. The following...
-
After graduating from college, you and your friends start selling birdhouses made from recycled plastic. The idea has caught on, as shown by the following sales gures: MONTH DEMAND March..............
-
Analyse your allocated company's investing and financing activities for the year 2022as identified in the statement of cash flows, specifically identifying the two largest investing activities and...
-
Build this interface with Java and give me the code Model Welcome to Model ads Welcome User Login Form UserName Password Passowd Get Username get Password 2022 Model
-
Use the standard electrode potential for A, B, C, D and F given below to answer the questions that follows. The letters do not represent the actual symbols of the elements E Q volts A (aq) 2+ + 2e ...
-
Find the values of x for the following equation: 2x+x-1=0
-
Write (27x6yz)(1/3) as a simplified radical expression.
-
Research Beechcraft T-6 on the internet (but not Wikipedia). You will research airfoils, apply physical laws concepts, and create a narrated presentation. You are expected to present your information...
-
Solve the inequality algebraically 2 7 x-9 8x-4
-
A brewery would like to study customer reception from male and female individuals to a new beer. They defined the customers' reaction to the beer as good (y = 1) and not good (y = 0), whereas also...
-
You have won a prize which will pay you or your heirs $25,000 a year for 50 years. The first payment is due immediately. What is the present value of this prize given an 8 percent discount rate?
-
What are the four types of poultry production systems? Explain each type.
-
A producer of high quality executive motor cars has developed a new model which it knows to be very advanced both technically and in style by comparison with the competition in its market segment....
-
A company is planning to purchase 90 800 units of a particular item in the year ahead. The item is purchased in boxes, each containing 10 units of the item, at a price of 200 per box. A safety stock...
-
Abourne Ltd manufactures a microcomputer for the home use market. The management accountant is considering using regression analysis in the annual estimate of total costs. The following information...
-
The shaft is supported by a smooth thrust bearing at A and a smooth journal bearing at B. If the shaft is made from steel having an allowable normal stress of \(\sigma_{\text {allow }}=150...
-
Draw the shear and moment diagrams for the shaft, and determine its required diameter to the nearest \(\frac{1}{8}\) in. if \(\sigma_{\text {allow }}=30 \mathrm{ksi}\) and \(\tau_{\text {allow }}=15...
-
Determine the minimum depth \(h\) of the beam to the nearest \(\frac{1}{8}\) in. that will safely support the loading shown. The allowable bending stress is \(\sigma_{\text {allow }}=2.1...
Study smarter with the SolutionInn App