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FairShares4U Star Companies

    FairShares Corporation is sponsoring the "Star Company Initiative", to be launched Summer, 2008, which commits company management to follow a set of basic principles and standards with corresponding "public" reporting.

    The FairShares Initiative is based on the idea that the management and owners of a company should have the same interest in promoting:

  • A strong corporate governance system
  • Best practices management principles
  • Regular transparent reporting
  • Rapid business growth and profitability as the top priority

    The FS4U initiative is similar to the system launched by the Mercato Italiano di Borsa, Italy's stock exchange, and then duplicated by Brazil's stock exchange. There is no inherent reason that investors and companies cannot establish such a program themselves, as a self-enforced, monitored system. In fact, we believe that a well-designed, investor-led initiative will be more effective than an exchange-sponsored effort. The experience with the Star Company concept is that their valuations on average significantly outpace those of other companies.

The Star Company Principles and Standards

    Star Companies agree to implement and maintain the following principles and standards:

    1. The board of directors consists of all or at least 75% of the members as independent directors.
    2. Directors meet at least bi-monthly with at least three-fourths of the directors attending each meeting.
    3. Executive management performance is evaluated by the Board of Directors and certified by the Chairman at least quarterly in relation to measures of company performance.
    4. Personnel performance is evaluated by Senior Executive Managers and certified by the CEO at least quarterly in relation to measures of company performance.
    5. Monthly financial reports, including profit and loss statements and balance sheets, prepared in accordance with GAAP, are made available within 15 days after the end of each calendar month.
    6. Stock options and any other stock distributions that dilute investor ownership will be appropriately reported as expenses.
    7. Quarterly, semi-annual, annual, two-year and three-year business revenue and profit growth targets are specified and tracked by management.
    8. A procedure will be established and maintained to make the above data available to investors, employees and the Star Company monitoring system on a timely basis, with assurances that appropriate confidentiality and non-disclosure guidelines are maintained.

    Companies will be listed on this web site as "Star Companies" after their CEO's certify that they commit to follow and implement the FS4U Principles and Standards within one year. We will start with OTC companies and quickly add PinkSheet-listed, as well as VC-funded and other privately-held businesses that want to publish their participation in our system.

    FairShares Corporation will establish the following self-enforced Star Company listing services:

    1. OTC Star Company (tm) certification
    2. PinkSheets Star Company (tm) certification
    3. Inc.500 Star Company (tm) certification
    4. VC Star Company (tm) certification
    5. Business Growth Star Company (tm) certification

    Alongside the Star Company Initiative we will be organizing a self-enforcing monitoring system that will make it possible for FS4U members and other investors to report on companies' compliance and progress.

    To obtain more information about Star Company programs please email:

 

 

 

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