Although recent censure of corporate boards of directors as “passive” and “supine” may be excessive, those who criticize board performance have plenty of substantive ammunition. Too many corporate boards fail in their two crucial responsibilities of overseeing long-term company strategy and of selecting, evaluating, and determining appropriate compensation of top management. At times, despite disappointing corporate performance, compensation of chief executive officers reaches indefensibly high levels, nevertheless, suggestions that the government should legislate board reform are premature. There are ample opportunities for boards themselves to improve corporate performance.
Most corporate boards’ compensation 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 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 long-term performance. By tacitly detaching executive compensation policy from long-term performance, committees harm their companies and the economy as a whole. The committees must develop incentive compensation policies to emphasize long-term performance. For example a board’s compensation committee can, by carefully proportioning straight salary and such short-term and long-term incentives as stock options, encourage top management to pursue a responsible strategy.
According to the passage, the majority of compensation committees put the greatest emphasis on which of the following when 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 determination will have on competitors
E.The probable effect the economic climate will have on the company
Which of the following best describes the organization of the passage?
A.A problem is acknowledged, the causes are explored, and a solution 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.作者: Michelle0636 时间: 2012-4-10 12:28
我4.7北美考，考题和楼主一样！真心记不住象楼主这么多。。。数学比楼主少一分，verbal也20＋，哎作者: Michelle0636 时间: 2012-4-10 12:30 标题: 没见到 我考的时候好像没见过这道题－4.7北美作者: Michelle0636 时间: 2012-4-10 12:33
我也借楼主的帖子报一个，4,7北美issue好像是a well accepted leader should have demonstrated the ability to perform the tasks he or she expects others to do.作者: 乱舞菊花 时间: 2012-4-10 15:46
就是他!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!作者: 乱舞菊花 时间: 2012-4-10 15:50
加油!我就是觉得平时摸考工作没有做踏实,没有把握好节奏.另外就是考试经验不足.5月18 再战!作者: 天边的小猪 时间: 2012-4-15 13:57
亲~~~有同学发现海盗船的考古~~~来请亲去认狗~~~~ 地址：http://forum.chasedream.com/GMAT_Math/thread-703401-1-1.html
