Explain the role of the Board of Directors in a Corporation and what can they do...

Explain the role of the Board of Directors in a Corporation and what can they do to protect the stakeholders of the business?

Solutions

Expert Solution

The role of the Board of directors is to protect the interests of the shareholders. They do it by keeping the management of the firm in check and ensuring proper ESG - Environment, Social Governance measures are met. They need to ensure that the name of the firm doesn't get tarnished in the pursuit of profits. Hence, to protect the shareholders interests, they have to ensure that management follows proper standards in its operations

jeff jeffy answered 2 years ago

Next > < Previous

Related Solutions

What is the role of a board of directors of a corporation and why is there...

What is the role of a board of directors of a corporation and why is there often criticism of boards of directors? What is at least one recommendation made by the critics to improve the situation?

Explain how the role of the Board of Directors of any corporation has changed in the...

Explain how the role of the Board of Directors of any corporation has changed in the last 15 years

Discuss the role and powers of shareholders and the board of directors in a corporation.

How is a corporation’s board of directors chosen? Explain the role the board plays in a...

How is a corporation’s board of directors chosen? Explain the role the board plays in a corporation’s management. What steps are involved in starting a general corporation?

What is the role of the audit committee of the board of directors?

What does it mean that the board of directors represents the shareholders of a corporation? Do...

What does it mean that the board of directors represents the shareholders of a corporation? Do you believe that a focus on shareholders and profit may lead to the types of ethical problems that have been seen in some large corporations recently? Why or why not?

What is the role of a board of directors from an ethical governance standpoint? What is...

What is the role of a board of directors from an ethical governance standpoint? What is the role of CEO, Vice President, Manager, Supervisor, staff and administrative orall other employee groups of an organization. What is the ethical governance and accountability level of each group using all forms/norms or codes of ethics in today’s social and work environment.

why do we often overlook the role of the board of directors in ethical scandals or...

why do we often overlook the role of the board of directors in ethical scandals or conversely in ethical organizational successes? can you think of other factors that might encourage boards to act irresponsibly? which of the reforms is most important to board performance? why?

The role of the Board of Directors and officers is one of decision making. What protection...

The role of the Board of Directors and officers is one of decision making. What protection is provided the Board of Directors and officers when they make a decision. What if they make the incorrect decisions are they subject to civil penalties? Are they subject to any penalties?

What role does the Board of Directors play in overseeing the accounting for a nonprofit organization?...

What role does the Board of Directors play in overseeing the accounting for a nonprofit organization? What sorts of skills should an organization consider for people they seek to have join their Board of Directors from an accounting standpoint? What roles do the Treasurer and finance committee play within a nonprofit for overseeing accounting?

Subjects