Question

On Corporate Governance – Apple Inc.

Discuss three traditional roles of the board of directors. Also, identify and discuss the most urgent governance issue impacting Apple's company’s board – what are they doing to manage this important issue?

Answer 1

Thetraditional roles of board of directors of the company are:
- To see the management and assure that the long term interests of shareholders are being served.
- To enhance governance with experience , knowledge, skills and effective decision making.
- Board members prepare for , attend and participate in all applicable board meetings.
There are many issues faced by apple inc. But one of the most important issue is on diversity. Some investors believe the company isn't making progress fast enough and they are trying to force the company to pick up and saying that the company is making excuses fpr not having sufficient people and all and for that the investors gave proposals to company to adopt and accelerated recruitment policy but company claims tp have removed disparities and also have hired women and people of colour. Its even launched an "inclusion and diversity" page with visualizations of its hiring data. Also Apple's board wrote a note to shareholders to vote against the proposal given.The company argues that it has much broader diversity efforrs at work has made steady progress in attracting more underrepresented minorities. Company concludes that proposal is not necessary because they have already demonstrated commitment to a hollistic view of inclusion and diversity.