Introduction to the Board of Directors
Before we refer corporate governance issues in much more detail, it might be useful to make clear the role and composition of the board of directors. The board governs the company for the shareholders and is accountable for promoting their interests. It is led through a chairman and for a listed public company; the board will generally involve both executive and non-executive directors.
The chairman
The chairman is the senior director. The chairman is elected through the other directors and chairs board meetings.
Executive directors
Executive directors are salaried employees along with senior management responsibilities. The finance director of mainly large companies, for instance, is a full-time employee. Additionally to being a board member and taking part in board decisions, Executive directors are responsible for managing the finance function within the company.
Non-executive directors
Non-executive directors work purely like directors; they are not full-time employees of the company. They frequently have business experience achieved from past or present activities regarded with businesses and/or administration, distant from the company concerned. Several non-executive directors are, at similar time, directors of other companies. The role of non-executive directors has taken on rising importance in recent years and reflects the increased significance given to corporate governance issues.
The UK (United Kingdom) Corporate Governance Code draws a difference among non-executive directors and independent non-executive directors. The word 'independent' in this context involves freedom from other major links to the company, to its directors and to main shareholders. As per to the UK Code, for instance, a non-executive director could not be considered as independent if that person had been an employee of the company regarded in the previous five years.
Though, both types of non-executive should require taking an independent attitude in the direction of their roles. Independence of mind is very important for any non-executive director. They should be capable to bring an objectivity of method that can be hard for executive directors whose working life is so bound up in the affairs of the company. Certainly, this is a main reason for containing non-executive directors.
To try to make sure an effective existence of independent non-executive directors, the UK (United Kingdom) Code states that, for large listed companies, minimum half the board, not including the chairman, should contain independent non-executive directors. The chairman has to be an independent non-executive director, at the time of being appointed. Minimum two independent non-executive directors should be on the board, for smaller listed companies.
Although executive directors are much more deeply involved in running a company than non-executive directors, both have the same legal obligations towards the shareholders of the company.
Latest technology based Financial Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Board of Directors homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Board of Directors, project ideas and tutorials. We provide email based Board of Directors homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Board of Directors. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Financial Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the financial accounting assignments, which may help you to solve your complex issues of Board of Directors. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
global weather and climatic patterns tutorial all along with the key concepts of components of the earth, energy cycle, terrestrial atmosphere, weather and landform, greenhouse effect, ozone layer depletion, environmental management, environmental modeling, environmental cost-benefit analysis
Synthetic Fibres tutorial all along with the key concepts of Definition of Synthetic Fibres, Kinds of Fibres, Properties and Applications of Synthetic Fibres, Kinds of Synthetic Dyes, Dyes for Man- Made Fibres
tutorsglobe.com polymorphism assignment help-homework help by online modern concept of natural selection tutors
Wait no more and approach the most exceptional Elementary Mechanics Assignment Help service to secure top-notch grades with ease.
tutorsglobe.com chemosynthesis assignment help-homework help by online plant physiology tutors
www.tutorsglobe.com offers computerized processing system homework help-assignment help, number of companies produces accounting software. these packages range from the simple to the complex format. some basic goods for a small business.
tutorsglobe.com functioning of female reproductive system assignment help-homework help by online reproduction tutors
Five-Membered Heterocyclics tutorial all along with the key concepts of Occurrence of five-membered heterocyclics, Naming Five Membered Heterocyclics, General Characteristics of Five Membered Heterocyclics, Thiophene, Furan and Pyrrole and Properties of Pyrrole
theory and lecture notes of bipolar junction diode ii, all along with the key concepts of forward bias conditions, reverse bias conditions, barrier potential, minority carrier concentration and ideal diode equation. tutorsglobe offers homework help, assignment help and tutor’s assistance on bipolar junction diode ii.
Theory and lecture notes of Unemployment Rate all along with the key concepts of the unemployment rate, Frictional unemployment, Cyclical unemploymenthomework help, Joblessness rate. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Unemployment Rate.
tutorsglobe.com multivibrator assignment help-homework help by online digital circuits tutors
Protein Synthesis tutorial all along with the key concepts of What is a Protein, Fundamental steps of Protein Synthesis, Transcription or Central Dogma, Transferal and Translation
tutorsglobe.com distinguishing features of bryophytes assignment help-homework help by online bryophytes tutors
Our top-class Applied Physics Assignment Help service encompasses a team of PhD tutors who ensure 100% plagiarism free work.
tutorsglobe offers economics homework help, economics assignment help, instant economics homework assistance, online tutoring - by online economists tutors.
1940987
Questions Asked
3689
Tutors
1444796
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!