The CEO discusses the investment strategy with the board of directors, but the board is not involved in the purchase and sale decisions and does not…
1. The CEO discusses the investment strategy with the board of directors, but the board is not involved in the purchase and sale decisions and does not approve derivative contracts. The CEO enters into the speculative derivative financial instruments on behalf of McNeil Co. 2. Total investments in financial statements (trading and avail for sale) at year-end represent approx. 15% of total assets. The majority […]