Book Title
Financial Reporting and Analysis: Using Financial Accounting Information 13th Edition

978-1133188797 Chapter 2 Thomson ONE Solution

December 25, 2019
Thomson One; Chapter 2
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Thomson ONE solutions
Chapter 2
Officers compensation to be particularly interesting.
Chapter 2
1. Comment on the composition of the directors.
Note: The composition will change over time.
Information on the nominees follows:
i. Leslie Brun
Chairman and Chief Executive Officer, SARR Group, LLC
since March 2006, prior to which he was Chairman Emeritus
of Hamilton Lane from 2003 to March 2006.
ii. Thomas Cech
Investigator, Howard Hughes Medical Institute and President
from January 2000 to March 2009; Faculty, University of
Colorado since 1978.
iii. Richard Clark
Chairman of the Board, Merck & Company, Inc. since
November 2009. Mr. Clark was Chief Executive Officer from
November 2009 to December 2010 and was President from
November 2009 to April 2010
iv. Kenneth Frazier
President and Chief Executive Officer, Merck & Company,
Inc. since January 2011. Prior to which he was President
since May 2010. Prior to his appointment as President, Mr.
Frazier served as Executive Vice President and President,
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2009) and Merck Sharp & Dohme Corporation (2007-2009).
v. Thomas Glocer
Chief Executive Office, Thomson Reuters Corporation, prior
to which he was Chief Executive Office of Reuters Group
PLC from July 2001 to April 2008.
vi. Steven Goldstone
vii. William Harrison
Retired Chairman of the Board, J.P. Morgan Chase & Co.
since December 31, 2006, prior to which he was Chairman
from November 2001 and Chief Executive Officer from
December 2000 until December 2005.
viii. Harry Jacobson
Vice Chancellor, Health Affairs, Emeritus, Vanderbilt
ix. William Kelley
Professor of Medicine, Biochemistry and Biophysics,
University of Pennsylvania School of Medicine for more than
five years.
x. Robert Kidder
xi. Rochelle Lazarus
Chairman, Ogilvy & Mather Worldwide since January 1,
2009, prior to which she was Chairman and Chief Executive
Officer from 1996 to 2008.
xii. Carlos Represas
Retired Executive Vice President-Head of the Americas,
Nestle, S.A., Switzerland from 1994 to 2004.
xiii. Patricia Russo
Retired Chief Executive Officer and Director, Alcatel-Lucent
from December 2006 through September 2008. Ms. Russo
xiv. Thomas Shenk
Elkins Professor, Department of Molecular Biology,
Princeton University since 1984. Dr. Shenk was also the
Chairman from 1996 to 2004.
xv. Anne Tatlock
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xvi. Craig Thompson
President and Chief Executive Officer of Memorial Sloan-
Kettering Cancer Center since November 2010 and
Professor of Medicine at the University of Pennsylvania
School of Medicine since 1999.
xvii. Peter Wendell
retired Chairman and Director, Princeton University
Investment Company since June 30, 2008, prior to which he
was Chairman from July 1, 2003 and Director from July 1,
1998. Faculty, Stanford University Graduate School of
Business since July 1, 1990.
xviii. General Comment:
1. Many had extensive business experience
2. Several are medical doctors
the females was from the arts
4. Four are associated with universities
2. List the Board Committees.
Six standing committees:
i. Audit Committee
ii. Committee on Corporate Governance
iii. Compensation and Benefits Committee
iv. Finance Committee
v. Committee on Public Policy and Social Responsibility
vi. Research Committee
3. For each Board Committee, determine the responsibilities of the
Audit Committee
The Audit Committee oversees our accounting, financial reporting
process, internal controls and audits, and consults with
management, the internal auditors and the independent registered
public accounting firm on, among other things, matters related to
the annual audit, the published financial statements and the
accounting principles applies.
Committee on Corporate Governance
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board and Board committees coordinates evaluation of Board
performance and reviews Board compensation.
Compensation and Benefits Committee
Finance Committee
Considers and makes recommendations on matters related to the
financial affairs and policies of the Company, including capital
structure issues, dividend policy, investment and debt policies,
asset and portfolio management and financial transactions, as
Committee on Public Policy and Social Responsibility
affect our business; reviews the positions and strategies that we
pursue to influence public policy; monitors and evaluates our
corporate citizenship programs, etc.
Research Committee
discovery, development and licensing strategies and operations,
4. Review the Summary Compensation Table (five most highly compensated
a. What are the components of compensation?
Stock awards
Option awards
Non-equity incentive plan compensation, change in pension
value, and non-qualified deferred compensation earnings.
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General Counsel).