Magazine

Table: Under Scrutiny


Proposals to limit companies' influence on outside directors with charitable gifts are controversial

THE PROPOSALS

-- Directors must disclose ties to nonprofits

-- Companies must reveal gifts over $10,000 and noncash benefits

-- Directors lose independent status if their charity gets $200,000 or 5% of its budget from the company

THE OBJECTIONS

-- Company donations could dry up

-- Disclosure could become a privacy and paperwork nightmare

-- Companies fear they might have to report all their executives' volunteer

activities

Data: BusinessWeek, Council on Foundations, Nasdaq


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