Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 42

Assume that you are an intern working for the California Public Employees Retirement System (CALPERS) in its investments office and you have been asked to evaluate a number of companies for possible' investment by CALPERS. You prepare an analysis of each com­pany's prospects using the tools of financial statement analysis (e.g., trend analysis, common size statements, ratio analysis). Thinking you are done, you present your analysis to your boss. She tells you that, although your analysis of each company's financial information is fine, she is also interested in the quality of each company's corporate governance. Pick two public companies, download their most recent proxy statement in support of the annual meeting of shareholders, and evaluate the quality of each company's board: of directors (use the criteria developed by Institutional Shareholder Services in assessing board quality presented in the chapter).