Bonus Assignment #1 - Case Study Example

Task: Bonus Assignment The board of directors comprises of Messrs. Hamilton, Luter and Holland. In an annual general meeting, anew board of directors was elected. The subsequent is the listing of directors who were elected at the company: Joseph W. Luter, the chairperson of the board chairperson, the president and the company’s chief executive officer, F.J. Faison, the president of Carroll’s Food, Inc, Joel W. Greenberg, Commodity Analyst in Rosenthal Collins Group, George E. Hamilton, the president and the Chief Operating Officer of Smithfield Packing Company, Inc., Cecil W. Gwaltney, chairman of the board of Gwaltney Mortar Company and Richard J Holland, board chairperson and the C.E.O.

In addition to those we have Rodger R. Kapella, C.E.O and president of Patrick Cudahy, Robert W. executive V.P, Wendel H, president and board chairman of Murphy Farms, Inc., P. Edward Schenk, president and C.E.O of Gwaltney of Smithfield, Ltd., and Aaron D. the V.P., Treasurer and Secretary of the company. Joseph W. Luter is the C.E.O and the chair of the board. I think the chair/ C.E.O of the company is exception because he has 81% of the stock capital. The directors of the company receive a lot of cash compensation for participating in the board meeting.

The Smithfield Company has a nomination committee that is in charge of all the nomination processes. All the stockholders nominate the company’s directors. I think that the appointment procedure is independent because the nomination committee is credible. The audit committee is made of Messrs. Faison and Murphy. Independent public accountants assist the committee in financial matters. By meeting nine times is enough for them to achieve their financial and other obligations.Joel Greenberg joined the Smithfield board in the year 1987.

Richard J, Holland is a Board chair and the C.E.O of the Farmers Bank. In the fiscal year 1992, the executive committee attended no meeting. The Smithfield C.E.O had 81% of the stock capital, which is incomparable with that of other directors. Besides the C.E.O., we have other directors with insignificant shares hence decision-making was by the C.E.O. Over a number of years the governance structure has changed a lot and for the better of all. If the development continues, the company is expected to improve in terms of performance.

Works CitedFainaru, Steve. Mexicans Blame Industrial Hog Farms. London: SAGE, 2011. PrintTuckman, Jo. Attention turns to La Gloria in search to determine swine flu source". London: The Guardian, 2009. Print