Ethics & Governance Issues of Wing Tai Holdings

Firstly, the role of a director is important because they have to make sure they have someone that can manage all aspects of the company and they can make sure

List and briefly describe the three general areas of responsibility for a chief financial officer (CFO) of a selected non-financial company which is listed on Australian Stock Exchange (ASX). How those responsibilities can affect ultimate objective of the company. The name of company you chose should start with the first letter of your name, surname or middle name. (Maximum of 750 words)

Another central feature of the board of directors is the question of whether the CEO is also the chairman of the board. When the CEO is also the chairman this is often referred to as “CEO duality”. In the US the CEO is often the chairman of the board. Studies have shown that the board in most cases

Each branch is responsible for their job. Separation of power establishes that one person or group of people could not control the government alone. The

A separation of power is to ensure that no one branch has complete control over the other. In other words, the three branches operate independently, but rely on one another to be successful both independently and as a whole government.

Apart from the company president,which is the head,the company still has a Board of Directors with the chairman of the board.And also an advisory board,elected by the workers are generally valued by the employees.

2. Are the roles of the chairperson and chief executive officer (CEO) exercised by different individuals? This clear division of responsibility would help to counterbalance the power and influence of the CEO in the decision making of the company’s directors. Furthermore, this would enhance the supporting role that may be assumed by the chairman in being the CEO’s confidante.

The separation of powers alludes, regardless, to the work in the definitive record of legislative, executive, and judicial capacities to different institutions, independently constituted. These organizations are needed by the rules set down in the document to share policymaking, and in this way are ceaselessly commonly responsible, each to the others.

First of all, the role of a Director is important since they need to ensure they have somebody that can deal with any aspects of the business and they can ensure that they can deal with every one

It is the board's responsibility to consider and authorize a suitable remuneration package for the company's chief executive officer (CEO), make recommendations with respect to the attractiveness of dividends and dividends pay out, approve stock splits, form the audit committees, approve the company's financial statements, oversee management’s involvement in the shareholders and other stakeholders long-term interests and recommend or discourage major decisions such as acquisitions and mergers.

The senior staff reports directly to the CEO Eric Carr as shown below. Finance & Accounting is a senior vice president position. All others are vice president positions and they will all be responsible for their respective employees.

The Office of the Chairman is responsible for the overall operation of the Company and implementing the policies set by the Board of Directors (Elliott 34). See Appendix B for the names and positions of top managers.

Governance has developed over time so that those who have primary responsibility for and dependence upon financial results of the company do not have controlling interest in the stewardship of the company. Of the six individuals on the China leadership team, only two have direct responsibility for generating income within a business unit, and only one of those depends upon that income for his salary. The other leaders are primarily supported from contributions rather than business income.

Like most multinational corporations, the shareholders own the company and they may also be the board of directors. A Chief Executive Officer (CEO) will be appointed to nominate and manage the operation of the company as a whole. A Chief Operating Officer (COO) will be managing the company’s day-to-day operations and reports them to CEO. The Chief Financial Officer (CFO) will be managing the finance and account together with the

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