Analysis Of Ford s Board Of Directors Essay - 1680 Words

2. Internal Audit a. The Management Team Ford’s Board of Directors consists of 15 members. The Board is lead by the Executive Chairman William Clay Ford Jr.(age 58). He is the great-grandson of Henry Ford Sr. After earning his BA from Princeton University, he began a lifetime of service in the family firm (1979), culminating in his appointment as president and CEO in 2001. As CEO, Mr. Ford improved quality, lowered costs and delivered exciting new products. During his time in that position, he took the company from a $5.5 billion loss in 2001 to three straight years of profitability. On September 5, 2006, Ford announced that he was stepping down as President and CEO, naming former Boeing senior executive Alan Mulally as his replacement. In July of 2014, Mark Fields (age 54) was appointed as a new President and CEO of Ford. Mr. Fields joined the company in 1989, and has most recently served as the Chief Operating Officer from 2012 to 2014. Prior to this, Mr. Fields was the Executive Vice President at the company and the President of the Americas since 2005. From 2000 to 2002, he was the President at Mazda Motor. Fields was named a Global Leader of Tomorrow by the World Economic Forum in 2000 and CNBC’s Asia Business Leader, Innovator of the Year for 2001. All of the Ford’s Board of Directors and executives have a great history with Ford, served in positions in Ford or one of its subsidiaries and have vast experience in the auto industry. Full list of management team is inShow MoreRelatedCase Study : Ford Motor Company1507 Words   |  7 PagesFord Motor Company When I think of Ford Motor Company the song comes in my mind, Mustang Sally, think you better slow your mustang down, you have been running all over the town now, I guess I have to put your flat feet on the ground, all you want to do is ride around Sally, ride, Sally, ride. A good looking man has driven a red convertible mustang with a woman riding on the passenger side with a white scarf on her head as well as the lady is wearing a red satin top along with wearing plan make-upRead MoreUs Auto Industry Back on Top1658 Words   |  7 Pagesthe topic warrants much debate. In the 1990’s, total executive compensation increased substantially as companies began offering stock option programs; CEO’s of Samp;P 500 saw an average increase of 150%. While many top U.S. executives continued to receive enormous compensation options throughout the economic downturns of 2001 and 2008, none was more apparent than those in the automotive industry. While the big three, comprising of General Motors, Ford and Chrysler, were facing insurmountable debtRead MoreToyota, Ford and Gm Essay4993 Words   |  20 Pages1: Corporate Governance Both Ford and GM completely abide by NYSE corporate governance standards, as they are domestic US companies. Ford and GM are required to strictly follow NYSE corporate governance standards. Toyota is permitted to follow certain corporate governance practices complying with Japanese laws and regulations, the NYSE has ruled that Toyota is exempt from certain NYSE corporate governance requirements. A significant difference in Toyota’s corporate governance structure is thatRead MoreMicrosoft Corporation (Analysis)17842 Words   |  72 PagesMicrosoft Corporation (MSFT) - Financial and Strategic SWOT Analysis Review Reference Code: GDTC22599FSA One Microsoft Way Redmond, WA 98052-6399 United States Phone Fax Website Exchange www.microsoft.com MSFT [NASDAQ] +1 425 8828080 Revenue Net Profit Employees Industry Publication Date: FEB 2012 69,943 (million USD) 23,150 (million USD) 90,000 Technology Communications and Company Overview Microsoft Corporation (Microsoft) is one of the leading providers of software and storage products andRead MoreThe Impact Of Cybersecurity On The Business World1439 Words   |  6 PagesManagement’s Discussion and Analysis of Financial Condition and Result of Operations (MDA) must include cybersecurity risks and incidents if the known incidents resulted in material costs/material reduction in revenues to the company, or if the incidents would result in the financial condition of the company to not accurately reflect future operating results. The â€Å"Description of Business† section of the financial statements would also need risk factors disclosures if the cyber incident(s) â€Å"materially affectRead MoreSwot Analysis Of Bmw s Top 50 Socially Responsible Company1710 Words   |  7 Pagesprovides an analysis and evaluation of BMW Group s stakeholders, social responsibility activities and programs, ethics as well as their approach to globalization and sustainability . Based on our findings we have determined that BMW s position on Maclean s Top 50 Socially Responsible Company is justified as the analysis on our research affirms that BMW has taken initiative to implement corporate social responsibility into their business practice and activities. Industry Analysis Read MoreThe Coming Revolution And Corporate Governance2214 Words   |  9 PagesThese include board process, board membership and board structure. For an effective board to be in place not only do the members needs to be independent (Board Structure) but, there needs to be two other criteria that are met. The members need to have the competencies and skills in the industry and be able to work together to come to effective decisions. Yes, separation of the chair from CEO needs to happen, but without the proper balance of board structure membership and process, the board will be ineffectiveRead MorePresentation on Tata Nano Car1647 Words   |  7 Pagessaid by Indiaapos;s former President Dr. A.P.J. Abdul Kalam goes exactly with Mr. Ratan Tata, Chairman of Tata group, who in the year 2003, dreamt of producing a safe, affordable Car for the common man. Finally after the wait of five years, crossing all financial and technological barriers, Ratan Tata kept his promise and u nveiled Tata apos;Nanoapos; on 10th January 2007, at the 9th Auto Expo 2008 in New Delhi. Tata Nano, cool smart, launched by Tata Motors is worldapos;s cheapest Car with aRead MoreFord Motor Company : An Overview1828 Words   |  8 PagesOverview Ford Motor Company is a renowned automotive company and has been for many decades, founded officially on June 6, 1903. Ford is headquartered in Dearborn, Michigan just outside its original birthplace of Detroit. The company has experienced considerable growth over the past century, in many ways mirroring the rise and fall of the American manufacturing industry. Currently trading on the NYSE under the ticker â€Å"F†, at $13.10 (as of the morning of April 10, 2016), with 3,918,630,174 sharesRead MoreGap Analysis Global Communications Final Report2842 Words   |  12 PagesGap Analysis: Global Communications Foundations of Problem-Based Learning Gap Analysis: Global Communications The dynamics associated with the Global Communications environment centers on a lack of organizational communications with the various stakeholders. Elements that affect the organization are conflict continuums (Kreitner Kinicki, 2004, p. 487), deficits in organizational commitment concerning job security (McShane Von Glinow, 2004 p. 128), and organization politics (Kreitner