Splitting the Ceo& Chairman

The board of directors plays a vital part in the domination of any company whether it is a family business or otherwise. For every company or organization the board of directors is different in terms of its composition, roles and responsibilities of the directors and its structure. The composition is normally determined by the nature of the business and its complexity. There are mostly two types of board of directors namely composed of insiders and that composed of outsiders.

The Board of Directors establishes a corporate policy and strategy (especially in the financial sector), appoints officials of the corporation, exercises financial control, evaluates the general manager activity, follows compliance with laws, and maintains corporate ethics.

Joshua Kennon (2007), stated that “The board of directors is the highest governing authority within the management structure at any publicly traded company and is usually made up of the directors who are elected for a specific number of years by the shareholders”. According to Wikipedia,” A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization”.

CEO: Serve as the team leader and final decision maker for the company. The CEO is the face of the organization and will be the primary voice for any public statements made.

Chief executive officers are the ones over the company and the one that looks over everything. The CEO is more involved over the daily activities.

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.

In large corporations the success or failure of the company is the responsibility of the board of directors. According to Richard DeGeorge, “The members of the board are responsible to the shareholders for the selection of honest, effective managers, and especially for the selection for the CEO and of the president of the corporation.” (p. 202). The board members have a moral responsibility to ensure the corporation is run honestly, in respect to its major policies, and to ensure the interests of the shareholders are satisfied. The next responsibility within a corporation is the responsibility management has to its board of directors. DeGeorge writes, “It must inform the board of its actions, the decisions it makes or the decisions to be made, the financial condition of the firm, its successes and failures, and the like.” (p. 202). The management of the corporation is morally obligated to

CEO: CEO is responsible for setting organisation’s strategy and mission, establishing company culture, monitoring the organisation’s operation, be in charge of Human Resource Department, making sure the organization meet all legal requirements.

A CEO (Chief Executive Officer) signifies the superior ranking individual into any organization or further institutions, eventually accountable for making the administrative decisions. (Rouse)

A Board of directors, in my opinion, is a body of one person or a group of people who should oversee the performance of a organization. The goal of Board of Directors is to protect the organization 's assets and to use source to

What i’m going to compare their jobs to is a supermarket, Hannaford. Like the nucleolus, the CEO is the big rig of the company. He makes sure that everything is running properly, and smoothly. He also controls the jobs within the company and makes sure people are executing their jobs. He also tells the people incorporate what they should do which then

(1) The CEO on a company has responsibility for the integrity and objectivity of the financial information presented in financial statement, properly arrange and control procedures for the company. The reason why the fraudulent reports appear is that the CEO decides to lie to public when there is something wrong with the finance of the company, but not faces it. Thus, the CEO should be mostly responsible for the fraudulent reports.

There are three internal and one external governance mechanisms used for owners to govern managers to ensure they comply with their responsibility to satisfy stakeholders and shareholder’s needs. First, ownership concentration is stated as the number of large-block shareholders and the total percentage of the shares they own (Hitt, Ireland, Hoskisson, 2017, p. 317). Second, the board of directors which are elected by the shareholders. Their primary duty is to act in the owner’s best interest and to monitor and control the businesses top-level managers (Hitt, Ireland, Hoskisson, 2017, p. 319). Third, is the

Corporate governance is founded on laws, policies, processes, systems and behaviours and together they provide a system for the way in which an organisation is directed, administered and controlled. As such, the Charity Commission, (the ‘Commission’) recognises that to deliver its strategic aims, objectives and priorities successfully, it needs sound corporate governance arrangements in place, (Charity Commission UK). Corporate Governance is not - or should not be - about debate and discussion on executive compensation, shareholder protection, legislation and so on. In recent times, corporate governance became not only a subject of fierce debate and public outcry, but also, as a result of this and arising legislation, a subject which been wearisome for many company directors. The hidden gem here is to a great

Corporate governance is necessary because of the problems caused by the divorce of ownership and control in modern organisations. In order to protect the stakeholders of an organisation, regulators addressed the problem by introducing corporate governance frameworks that