Question

9:03 LTE Notes Recommend two desired characteristics of a board of directors. Provide support for your response, citing the ways in which these characteristics usually lead to effective corporate governance.

Answer 1

Group of individuals sought to establish policies related to corporate management and to act as a representative of stockholders to make certain types of decisions regarding the functioning of a major company. Every public business has a board of directors. Some private companies also have a board of directors, generally appointed by the board shareholders as a loyal one. All such events occurring in the affairs of the Board include the appointment of an Executive Board and specially the payment of dividends, policies and compensation. Based on this idea, the two characteristics of the desired board of directors are integrity and strategies

Integrity: Despite having a moral and honest mindset that is responsible even the personal, the board demonstrates its own high morality by supporting the decisions taken by the group, displaying the highest level of moral standards applicable to themselves.

Strategies : Social Thinking - Social thinking globally and recognizing what is important for a company to achieve its next goal of success, and recognizing the rapidly growing elements of the enterprise, inspiring the community.