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Microsoft Makes Changes to Corporate Governance Policies | |
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| Time: 18:41 EST/23:41 GMT | News Source: Microsoft Press Release | Posted By: Jonathan Tigner | ||
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As part of a continuing effort to improve its system of corporate governance, the Microsoft Board of Directors recently revised the company's Corporate Governance Guidelines and the charters of each of the board's five committees. Changes include creation of the position of lead independent director, inclusion of corporate citizenship oversight as a board-level activity, adoption of provisions to comply with the corporate governance policies contained in both the NASDAQ and the New York Stock Exchange listing standards, and various other enhancements. In an era of growing focus on corporate governance and transparency, Microsoft executives say it's especially critical that shareholders, employees and other stakeholders understand how seriously the company takes corporate governance. | ||
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