What are the responsibilities of the board of directors? Make sure you provide an example of a plank of directors that would not meet their responsibility. Regulations and requirements defining the responsibilities of the board of directors differ from one region to another. In the usa companies must comply with the laws in which the company was incorporated. Many countries agree on what the most significant responsibilities of the board of directors happen to be. Setting corporate and business strategy, overall direction, mission or perspective is among the most essential. The panel of company directors is also accountable for controlling, monitoring or supervisory top supervision. This includes employing and firing of the CEO and top management. They are also responsible for critiquing and approving the use of solutions and caring for shareholder interests. (45-46) One of the well known examples of a plank of administrators who would not meet really responsibility can be WorldCom. The board of directors would not control and monitor the CEO who have led the destruction of WorldCom and was found guilty of accounting fraud and sentenced to 25 years in prison. The CEO leaped the company how he desired to with his aim of obtaining financial growth through purchases without having the needed groundwork. A traveling factor was to build and protect his own financial condition. The board of directors would not do anything to stop this fraudulence. [ (Stefano, 2005) ]
The impact of globalization plus the Internet gives real problems for corporate strategic organizers across the world. Precisely what is the impact of globalization plus the internet within the corporate world? Explain quite role of strategic planning in today's competitive business world because of these two forces. The internet and globalization has had a fantastic impact on the corporate world. Organizations can now approach across borders much easier. The web and the positive effect has made it possible to move cash across the world very quickly. Corporations...
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