Amazon Corporate Governance
Amazon’s corporate governance is to “focus relentlessly on our customers. Make bold investment decisions in light of long-term leadership considerations rather than short-term profitability considerations. There is more innovation ahead of us than behind us, and to that end, we are committed to extending our leadership in e-commerce in a way that benefits customers and therefore, inherently, investors — you can’t do one without the other. Some of these bold investments will pay off, others will not, but we will have learned a valuable lesson in either case. Focus on cash.
When forced to choose between optimizing the appearance of our GAAP accounting and maximizing the present value of future cash flows, we’ll take the cash flows. Work hard to spend wisely and maintain our lean culture. We understand the importance of continually reinforcing a cost-conscious culture. Focus on hiring and retaining versatile and talented employees, and weight their compensation to significant stock ownership rather than cash. We know our success will be largely affected by our ability to attract and retain a motivated employee base, each of whom must think like, and therefore must actually be, an owner.
” Financial Amazon has profited three years in a row and has increased
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The Directors are Jeffrey P. Bezos- President, Chief Executive Officer and Chairman of the Board, Tom A. Alberg- Madrona Venture Group, John Seely Brown- Visiting Scholar and Advisor to the Provost at USC, William B. (Bing) Gordon- Kleiner Perkins Caufield & Byer, Jamie S. Gorelick- Wilmer Cutler Pickering Hale and Dorr LLP, Blake G. Krikorian- id8 Group Productions, Inc. , Alain Monie- Ingram Micro Inc. , Jonathan Rubinstein- Former Chairman and CEO, Palm, Inc. , Thomas O. Ryder- Former Chairman and CEO, Reader’s Digest Association, Inc. and Patricia Q. Stonesifer- Smithsonian Institution.