Corporate Governance Guidelines Of Marshall & Ilsley Corporation
- Topics:
- Investor Relations
- Tags:
- Board,
- Board Of Directors,
- Business Operations,
- Corporate Governance,
- Corporate Law,
- Corporation,
- Director,
- Marshall & Ilsley
- Source:
- Marshall & Ilsley
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Overview: All corporate authority resides with the Board of Directors as fiduciaries of the Corporation’s shareholders, except for those matters reserved to the shareholders. The Board has delegated to management the authority to pursue the Corporation’s objectives. A director is “independent” if he or she has no relationship to the Corporation that may interfere with the exercise of his or her independence from management of the Corporation and otherwise meets the requirements for independence set forth in the rules of the New York Stock Exchange. The Corporation’s Articles of Incorporation provide that the Board of Directors shall have no fewer than three directors, the exact number of directors to be determined from time to time by resolution adopted by affirmative vote of a majority of the entire Board of Directors then in office. The Nominating and Corporate Governance Committee will be responsible for coordinating an annual evaluation of the performance of the Board of Directors and each of its committees. The Compensation and Human Resources Committee will be responsible for policies and principles for Chief Executive Officer selection and performance review, as well as policies regarding succession in the event of an emergency or the retirement of the Chief Executive Officer.
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Format: PDF | Size: 90KB | Date: Mar 2003 | Pages: 7
