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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:
- The board of
directors consists of all or at least 75% of the members as independent
directors.
- Directors meet
at least bi-monthly with at least three-fourths of the directors
attending each meeting.
- 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.
- Personnel performance
is evaluated by Senior Executive Managers and certified by the CEO
at least quarterly in relation to measures of company performance.
-
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.
- Stock options
and any other stock distributions that dilute investor ownership
will be appropriately reported as expenses.
-
Quarterly,
semi-annual, annual, two-year and three-year business revenue
and profit growth targets are specified and tracked by management.
- 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:
- OTC Star Company
(tm) certification
- PinkSheets
Star Company (tm) certification
- Inc.500 Star
Company (tm) certification
- VC Star Company
(tm) certification
- 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:
© 2011, Fairshares
Corporation, All Rights Reserved
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