1.GWD-26-Q14-Q16 董事会经常失败的原因和改进措施 Although recent censure of corporate boards of directors as “passive” and “supine” may be excessive, those who Linecriticize board performance have plenty (5) of substantive ammunition. Too many
corporate boards fail intheir two crucial
responsibilities of overseeing long-term company strategy and of selecting. evaluating, and determining appropriate. (10) compensation of top management. At times, despite disappointing corporate performance, compensation of chief executive officers reaches indefensibly high levels, Nevertheless, suggestions (15) that the government should legislate board reform are premature. There are ample
opportunities for boards themselves to
improve corporate performance. Most corporate boards’ compensation
(20) committees focus primarily on peer-group
comparisons. They are content if the pay of top executives approximates that of the executives of competing firms with comparable short-term earnings or even (25) that of executives of competing firms of comparable size. However, mimicking the compensation policy of competitors for the sake of parity means neglecting the value of compensation as a means of stressing (30) long-term performance. By tacitly detach- ing executive compensation policy from long-term performance, committees harm their companies and the economy as a whole. The committees must develop
(35) incentive compensation policies to empha-
size long-term performance.For example a board’s compensation committee can, by carefully proportioning straight salary and such short-term and long-term incentives (40) as stock options, encourage top manage- ment to pursue a responsible strategy.
结构清楚
------------------------------------------------- Q14 According to the passage, the majorityof compensation committees put the greatest emphasis on which of the followingwhen determining compensation for their executives? A.Long-term corporate performance B.The threat of government regulation C.Salaries paid to executives of comparable corporations
D.The probable effect the determinationwill have on competitors E.The probable effect the economicclimate will have on the company They are content if the pay of top executives approximates that of the executives of competing firms
----------------------------------------------------- Q15 The passage suggests which of the following about government legislation requiring that corporate boards undergo reform? A.Such legislation is likely to discourage candidates from joining corporate boards. B.Such legislation is likely to lead to reduced competition among com- panies. C. The performance of individual com- panies would be affected by such legislation to a greater extent than would the economy as a whole. DSuch legislation would duplicate initiatives already being made by corporate boards to improve their own performance. ECorporate boards themselves could
act to make such legislation unnec-
essary.
第一段最后部分表达的意思。
------------------------------------------------ Q16 Which of the following best describes the organization of the passage? A.A problem is acknowledged, the
causes are explored, and a solu-
tion is offered.
B.A question is raised, opposing points of view are evaluated, and several alternative answers are discussed. C.A means of dealing with a problem is proposed, and the manner in which a solution was reached is explained. D.A plan of action is advanced, and the probable outcomes of that plan are discussed. E.Two competing theories are described and then reconciled.
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发表于 2011-6-18 14:29:13
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