STRATEGIC MANAGEMENT(LL)
4th Edition
ISBN: 9781260539929
Author: Rothaermel
Publisher: MCG
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Chapter 10, Problem 3MS
Summary Introduction
To explain: The different courses that can be taken up by Person X.
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A.Based on the case study outline the key reaponsibilities of board directors
B.discuss how the composition of the board can affect its effectivenes.provide examples from the case study to support your analysis
Between the unitary and the two tier structures which one would be the most effective in the running of companies
Case Study
The composition and role of boards.
The board of directors is the corporation's governing body. By law, the board is vested with the
authority to manage the corporation's business and affairs, and the board's members have a
fiduciary responsibility to act in the best interests of the corporation and its shareholders. Boards
are thus collegial bodies in the traditional sense that their members share authority and
responsibility, and have both individual and collective accountability.
Boards typically delegate much of their authority to an executive team that carries out the day-to-
day operations of the corporation's business. However, some board duties cannot be delegated,
and boards vary widely in the extent of their involvement in the business. The board's core
functions typically include selecting, monitoring, advising, and compensating the chief executive;
monitoring the company's financial structure and declaring dividends; deciding on major
transactions and changes in…
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Similar questions
- 4. Explain any three provisions that were added to improve from Kings' Report II to Kings' Report III? (9 marks)arrow_forwardQUESTION 2 a. Differentiate between unitary (single-tier) and two-tier board structures. (10 marks) b. Evaluate the structure you think would be more effective in the governance of companies. (15 marks)arrow_forwardCase Study The composition and role of boards. The board of directors is the corporation's governing body. By law, the board is vested with the authority to manage the corporation's business and affairs, and the board's members have a fiduciary responsibility to act in the best interests of the corporation and its shareholders. Boards are thus collegial bodies in the traditional sense that their members share authority and responsibility, and have both individual and collective accountability. Boards typically delegate much of their authority to an executive team that carries out the day-to- day operations of the corporation's business. However, some board duties cannot be delegated, and boards vary widely in the extent of their involvement in the business. The board's core functions typically include selecting, monitoring, advising, and compensating the chief executive; monitoring the company's financial structure and declaring dividends; deciding on major transactions and changes in…arrow_forward
- 6. Describe the need for financial reports for the following stakeholders. a. The Community b. Creditorsarrow_forward5. Explain four differences between the shareholder theory and stakeholder theory with respect to corporate governance. (8 marks)arrow_forward2. Outline the functions of the following board committees. a. Nomination Committee b. Remuneration Committee C. Audit Committeearrow_forward
- 1. Explain any four pillars of corporate governance.arrow_forwardplease use screenshots to answer question. Give a brief analysis of the data found in the pie chart as well as those found in the two column charts created (in your MS Excel assignment), considering the recent move to conducting government transactions online. please put the analysis in a paragraph format.arrow_forwardGlobal Interest Rates and Caribbean Economies: How do global interest rates, particularly those set by the US Federal Reserve, impact Caribbean economies and financial markets? Discuss the transmission mechanisms through which these effects are felt in the region.•Monetary Policy in the Caribbean: What are the challenges faced by central banks in the Caribbean in managing monetary policy? Discuss the limitations of traditional monetary policy tools in the context of small, open economies. How can central banks effectively address issues like inflation, exchange rate stability, and economic growth?•Interest Rate Risk in Caribbean Institutions: How has the global interest rate environment affected the management of interest rate risk for Caribbean financial institutions? Discuss the specific challenges faced by institutions in the region and the strategies they can use to mitigate these risks.•Anya's Recommendation (Part 2): What specific recommendations would you make to the regional…arrow_forward
- 1.Do you think evidence-based management seems like common sense? 2.Are there circumstances in which evidence-based management might not be the best approach? 3.Could automated evidence-based management ever replace human decision makers? 4.Would you want to work under Jack Welch’s system at General Electric?arrow_forward1.Do you think evidence-based management seems like common sense? 2.Are there circumstances in which evidence-based management might not be the best approach? 3.Could automated evidence-based management ever replace human decision makers? 4.Would you want to work under Jack Welch’s system at General Electric? “Management decisions [should] be based on the best evidence, managers [should] systematically learn from experience, and organizational practices [should] reflect sound principles of thought and analysis.”arrow_forwardDiscuss the Gate Keeper model's relevance in modern communication theory. Explain how the model applies to contemporary information dissemination and the challenges posed by digital media. Use intext-citation and references.arrow_forward
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