Concept explainers
Case summary: The department of VA in the US works for assisting the V by providing them with health care and other benefits. This department has a million budget to ensure that timely access is provided to families and survivors; however, this department is facing many problems. It was found that the system had many problems as people have to wait for a long to get to the facilities and there were falsifying records. The president took immediate action for this and provided all the required resources. MD who took over as the new president tried to correct the situation. After two years, it was again found that the money was improperly managed and hospitals that needed the amount were not assigned. MD however said that veterans should not state about the time lag for which criticism was also made. MD was hence fired, and DS was made the secretary of the department. Many complaints were again made, and a new investigation was made. The investigation found that top leadership at VA had a climate of complacency. The report found that leadership was aware of the problems but did not act properly. DS then left or was fired from VA and RJ was made the new secretary of VA. However, many kinds of complaints were also made against RJ considering his moral and ethical behavior. The VA despite facing all these problems had continued to provide good service to the veterans and the department needs a competent and experienced leader.
To explain:The reasons for the problems occurring in V agency.

Want to see the full answer?
Check out a sample textbook solution
- 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 analysisarrow_forwardBetween the unitary and the two tier structures which one would be the most effective in the running of companiesarrow_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
- 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
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningManagement, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub



