Effective Corporate Governance- Developing an Effective Board or Essay

telling Corporate Governance- Developing an Effective Board or Governance Team Academic Book - Essay Examplegovernance, the readers urgency to know who the members of the board of directors are including how these people are different from the executive members of a corporation (Daily and Schwenk Pound, p. 94). Basically, fashioning the target audiences know who we are referring to as the members of the board of directors will make it easier for them to understand internal and outside(a) factors that contributes to impressive corporate governance. (Kindly insert an organizational chart in this chapter)After reasoning the members of the top management in Chapter II, this chapter will focus of discussing the role and responsibilities of each members of the board. As part of discussing the role and responsibilities of the board of directors and executives of a corporation, bring out some possible case scenarios may help the readers have a better understanding of effective corpora te governance.The book writer will discuss the role of executive and non-executive directors in terms of devising the business objectives work for the best interests of the comp any. (Mallin, p. 125) For example Since the best way for executive and non-executive directors to perform their duty efficaciously is to have an access to the companys business information (Waldo, p. 5), the board of directors should not only guardedly analyze the corporate financial report but also meet the team members regularly to discuss the proposed strategic plans and issues that will significantly affect the success of the business (Solomon, p. 103).This chapter will discuss the following (1) richness of corporate leadership among the members of the top management (2) importance of having a third party check for any signs of unusual business practices in the financial statement (3) importance of establishing an organizational culture that give precedency to teamwork as well as ethical, fair and l egal