Tivo Corporate Governance
Corporate Governance and Control Measures
Tivo has nine members on its board of directors. Michael Ramsey serves as Tivo?s CEO and chairman of the board. This dual title/function could create a conflict of interest within the board of directors, especially with the two other insiders on the board David Courtney (Executive VP) and Mark Perry (CFO). With these two insiders on the board, it makes it very difficult for them to take a position that is in opposition to their boss?s. Another weakness that could be perceived of this board is with the partner groups, which are represented by three board members. These partners that are represented are Coca-Cola (Chief Marketing Officer), Virtual Inc. (CEO), and NBC Cable (President). These partner representatives could get caught up in making decisions that are best for their respected companies rather than the good of Tivo.
While Tivo?s corporate governance composition could be questioned, they have some qualities that would be desired by other companies. All of the board members own at least $200,000 worth of Tivo stock. In theory this stock ownership would mean that the directors would want to do anything necessary to increase this value.
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