[求助]GWD-26-Q14-Q16

andylouis

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

Line  criticize board performance have plenty

(5) 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.

(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

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Q14

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

 为甚么选C

求定位