| Title: | Restoration Hardware, Inc. (Corporate Governance Quotient (CGQ)) |
| Price: | $250.00 |
| Publication Date: | Aug 01, 2008 |
| Company: | Restoration Hardware, Inc. |
| Report Type: | Corporate Governance Quotient (CGQ) |
| Brief Excerpt: | ...The board is controlled by a supermajority of independent outsiders (independent outsiders greater than ##%) The nominating committee is comprised solely of independent outside directors The compensation committee is comprised solely of independent outside directors There are between six and eight directors serving on the board The CEO serves on the boards of two or fewer other companies No former CEO of the company serves on the board Outside directors meet without the CEO present Board members have express authority to retain outside advisors One or more director (but less than a majority of the board) has participated in an "ISS endorsed" director education program during the past two years All directors attended at least ##% percent of the board meetings in the past year or had a valid excuse for absences if less than ##% of the meetings were attended No "related party" transactions were found involving the CEO There were no "related party" transactions... |
| Word Count: | 896 |
| Length: | 2 Pages |
| Ticker: | RSTO |
| Related Report(s): | - Restoration Hardware, Inc. (M&A Insight Note): $100.00
...On Nov. ##, Restoration Hardware (RSTO) issu ed a press release in which it promised to provide Sears Holdings with confidential company information provided that Sears sign a customary NDA, including a standstill agreemen t. Sears, which is seeking to deal jump the buyout of RSTO by a group incl uding the company s CEO during the go-shop period, also has been seeki ng a superior tender offer exception to the standstill agreement that would allow Sears to launch a hostile tender offer for RSTO, provided the offer price was greater than th e agreed buyout price of $#.## per share. RSTO insists that Sears sign the same standstill as every other potential buyer. ...
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