Question

The Government has recently launched a new and innovative transport system in the country, which is managed by the Metro Express Co Ltd. The CEO of the company is aware that a big challenge lies ahead in managing a new company and to run it efficiently. The Chairperson of the Board of Directors has stated, at the first meeting, that “Managing an organisation requires various skills and the ability to organise various resources. All these tasks must be executed with an understanding of how actions influence the organisation, both internally and externally.” Furthermore, the Board of Directors of the Metro Express Co Ltd has stressed that one of the significant influences on how an organisation is managed is the system of corporate governance.

You are requested to advise him on: (i) how to structure the corporate governance of the organisation?

Answer 1

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This structure consists of the General Meeting of Shareholders (GMS), the Board of Directors and the Board of Directors. This approach aims to implement the program and better define their responsibilities and responsibilities. General management is the structure and process of project management and management. In order to avoid mismanagement, you need good corporate governance to run your business effectively, improve your investment strategy, reduce risk, and protect your stakeholders.

Corporate Governance: -

1. Board of Directors:- A board of directors elected by shareholders who exercise corporate governance, conduct all business and manage assets.

2. Conglomerate:- A group of companies that differentiate business activities in different industries, and the activities of those companies are controlled and managed by the parent company.

3. Corporate Management:- A system of governance and oversight that guides organizations to fulfil their long-term economic, cultural, legal and social responsibilities. Its goal is to achieve long-term success in the community and to provide lasting value to shareholders, partners and countries.

4. General risk management:- The process is carried out by the board of directors and institutions, executives and other staff members who are implemented at the level of the established institutions to identify key decisions and possible outcomes.

5. Exchange:- Market or the structure that connects buyers and sellers with the trade of paper and merchandise.

6. Executive Directors:- Directors responsible for the completion of the day-to-day activities of all or part of the organization.

7. Independent Director:- A person who is independent in the management and control of shareholders and has no business.

8. Internal Audit:- Independent and purposeful insurance activities, designed to add value, reinforce the activities you do and help you achieve your goals.

9. Internal audit department:- Internal Audit in a branch of a company that provides independent and objective security services with the aim of increasing value and increasing business activities.

10. Internal Auditor:- The top position of the Internal Audit Office. He is responsible for overseeing the service when internal service activities are carried out by external service providers.

11. Internal control:- The process of planning and implementation in management, senior management and all levels of staff to ensure full confidence in achieving goals through effective and efficient activities.

12. Stakeholders:- Individuals, associations or institutions that may have a general impact on strategies, policies, business decisions and activities. This includes customers, creditors, employees, suppliers, investors, the government and the community.

13. Associated Parties:- Includes branches and parties that control branches and companies directly or indirectly, or directly or indirectly.

14. Management:- A group of leaders has the power to implement the policy of implementation in the functioning of the institution and the responsibilities of the administration.