Explore BrainMass

Explore BrainMass

    Corporate Governance

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Scenario
    According to Chau (2011), the directors of an organization as stakeholders, have the responsibility to monitor the ethical culture of an organization. In addition, Conger, Lawler, and Finegold (2001) identify their responsibilities in seven key areas: Giving strategic direction and advice; overseeing strategy implementation and performance; developing and evaluating the CEO; developing human capital; monitoring the legal and ethical performance of the corporation; preventing and managing crises; and procuring resources. It would seem by these responsibilities that a board would need to be fairly active to be effective. However, in the case of many smaller businesses a board of directors takes a step backward from involvement.

    Please explain do you think corporate governance can be effective at the smaller business level? Explain.

    References
    Chau, S. (2011). An anatomy of corporate governance. IUP Journal of Corporate Governance, 10(1), 7-21. Retrieved from http://library.gcu.edu:2048.
    Conger, J. A., Lawler, E. E., Finegold, D. L. (2001). Corporate boards: New strategies for adding value at the top. Jossey-Bass.

    © BrainMass Inc. brainmass.com June 4, 2020, 5:18 am ad1c9bdddf
    https://brainmass.com/business/business-ethics/corporate-governance-613160

    Solution Preview

    Corporate governance can be effective in any organization including small businesses because it enables the organization to develop the necessary approach toward management ...

    Solution Summary

    Corporate Governance is examined.

    $2.19

    ADVERTISEMENT