Explain the recent concerns for the independence of the board of directors.
What will be an ideal response?
Perhaps the biggest problem in corporate governance concerns the independence of the directors. Inside directors may be members of the firm; outside directors are supposed to be elected from outside the firm. But in some companies, the outside directors have been handpicked by the CEO because they are friends, because they have a business relationship with the firm, or because they supposedly "know the industry." In such instances, the board of directors may be too lenient on the CEO when he or she asks for leeway to pursue certain policies. Now more attention is being paid to strengthening corporate governance so that directors are clearly separated in their authority from the CEO. While directors are not supposed to get involved with day-to-day management issues, they are now feeling more pressure from stockholders and others to have stronger financial reporting systems and more accountability.
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In practice, companies always fix the price of products in country target markets to avoid the impact of currency fluctuations
Indicate whether the statement is true or false
Creating a standard opening or closing to an e-mail is an example of using a template.
Answer the following statement true (T) or false (F)
According to Armstrong and Kotler, the five elements of integrated marketing communication are
A) product, place, price, promotion and position. B) word-of-mouth, media mentions, consumer-generated marketing, public relations and advertising. C) advertising, sales promotion, personal selling, direct marketing and public relations. D) goods, services, exchange, transactions and money. E) ideas, information, brand preferences, status and group acceptance.
Job control unionism seeks to achieve all of the following except:
A. Increase employee participation and decrease managerial control B. To replace management manipulation of piece rates with wages based on job content C. To ensure promotions and layoffs are based on seniority rather than managerial judgment D. To decrease arbitrary decisions through legalistic, contractual rules