Q.2.1 King 4 recommends that there be a majority of non-executive, independent directors on the board of directors. Provide a brief explanation for this recommendation. Q.2.2. What is a director and a board of directors? Briefly explain with reference to what they do.
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Q.2.1 King 4 recommends that there be a majority of non-executive, independent
directors on the board of directors. Provide a brief explanation for this
recommendation.
Q.2.2. What is a director and a board of directors? Briefly explain with reference to what
they do.
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Solved in 4 steps
- Business Name: CV Water Refill Location: 3rd Street Chula Vista, CA 91911 Section 1: Business Description, Vision & Mission: Section 2: Description, Legal Structure & Location: Section 3: Mission Statement & Company Overview: Section 4: Short-Range Vision for Company (Start-Up Achievements, 0-6 Months): Section 5: Long-Range Vision (Where you see your company in 1-3 years):Detailed answerTABLE 2.3 Common Shortcomings in Company Vision StatementsTable Summary: Table summarizes 6 statements for vague or incomplete; not forward-looking, too broad; blend or uninspiring, not distinctive, and too reliant on superlatives.Vague or incomplete—Short on specifics about where the company is headed or what the company is doing to prepare for the future. Not forward-looking—Does not indicate whether or how management intends to alter the company’s current product-market-customer-technology focus. Too broad—So all-inclusive that the company could head in most any direction, pursue most any opportunity, or enter most any business. Bland or uninspiring—Lacks the power to motivate company personnel or inspire shareholder confidence about the company’s direction. Not distinctive—Provides no unique company identity; could apply to companies in any of several industries (including rivals operating in the same market arena). Too reliant on superlatives—Does not say anything specific about…
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- comments on lack of proper documentation in the companySubject: Strategic management Answer the following questions in a Word file. Use appropriate examples to explain your arguments Q.1) Using a case study of an organization of your choice, explain the concepts of corporate social responsibility and environmental sustainability and how this company maintained a balance between these duties and economic responsibilities to shareholders.Search for following information online: a.WorldCom fraud b.Background of the CEO, Bernie Ebbers c.How WorldCom’s market capitalization grew to one of the largest firms in the US d. Information on the trial and related court testimony that convicted Bernie Ebbers e. The internal audit team’s role in discovering and reporting the fraud to the Board of Directors, and f. The role WorldCom's Controller played in the fraud. Question 1: Specify how would owning and operating a small family business, like WorldCom at a time in history with rapid development and growth, create potential temptations and opportunities to commit fraud? Question 2: As an expert witness asked to testify whether the journal entries recording fictitious revenues were fraudulent, whether the journal entries that improperly capitalized operating expenses as assets on the balance sheet were fraudulent. What facts would be highlight and included in evidence to support the testimony as an expert witness? Please…