I need help with these two questions. Each with about ~500 words. I can provide a previous answer sample

1 answer below »
I need help with these two questions. Each with about ~500 words. I can provide a previous answer sample
Answered Same DayMay 11, 2021

Answer To: I need help with these two questions. Each with about ~500 words. I can provide a previous answer...

Himanshu answered on May 11 2021
134 Votes
Ans 2
a.
Corporate governance is the set of laws, procedures, and structures that guide and manage a company. Corporate governance entails maintaining the needs of a business's many stakeholders, who include owners, senior manag
ement officials, consumers, vendors, financiers, the government, and the society. The number of corporate frauds and compliance violations that have marked the global corporate map has resulted in comparably robust attempts to improve corporate governance practises. Five corporate governance issues of Evershine Group company limited (ES) are the following:
· Oversight issues: Effective corporate governance necessitates the board of directors exercising significant control over the firm's operations and activities Oversight is a general concept that includes management employees accountability to the board as well as the board's knowledge of the company's everyday activities and the manner in which its priorities are met. The board defends shareholders' rights by serving as a check and balance on the executive team. Without this oversight, corporate employees can breach state or federal legislation, resulting in significant penalties from legislative authorities and public reputational harm
· Accountability issues: Accountability is needed for good corporate governance. As a structure of checks, and balances each rank and segment of the company, from top-level executives to lower-tier staff, should respond to and be responsible to one another.
· Ethics violation: Executive board members have a legal obligation to undertake choices that are in the best intentions of the stockholders. Furthermore, a company has a legal obligation to safeguard the general security of all, and the larger society in which it operates.
· Duties of Directors: Act in the best interest of the company, use their power for purpose, avoid conflicts of interest and exercise a duty of care. Directors are not carrying out their responsibilities correctly and they are overlooking how things are missing. This could be correct if director take full consideration into the matter.
· Conflict issues: It is important to avoid conflicts of interest. Under the context of corporate governance, a conflict of interest arises where an officer or other managing individual of a...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here