User Account

All Pages

What does the term independent director mean

Assignment Help Business Law and Ethics
Reference no: EM131139945 , Length: 2500 Words

Purpose

To enable you to research some aspects of corporate governance.It is important for you to have time to think through how to structure and present arguments, and to review and discuss what the law is or should be in a particular area. Whilst discussion with others is encouraged, the final piece of work must be your own.

Word Limit

2,300-2,500 in total (assignments exceeding the word limit may not be marked and may be returned to the student for re-writing; assignments less than the required length will risk not covering the topic adequately and may result in a fail). Do not include synopsis, references or bibliography in the word count.

Note: All Federation University Australia rules relating to referencing, citation and acknowledgement must be complied with.

Required : Complete the tasks in Part A and Part B.

Part A

An issue that attracts debate in relation to corporate governance is whether there should be a requirement that boards  have a majority of independent directors.

Consider the above statement, then identify and discuss both the arguments for and against the proposal that the majority of members of the board of Directors should a be independent.

Your discussion must include a response to the following:

  • What does the term 'independent director' mean? 
  • Should specific board positions be held by independent directors (eg Chairman). If so, why? If not, why not?
  • What is the primary role of a board of directors? 
  • Is the primary role of a board of directors' best met by having a majority of independent directors?
  • Is there evidence of a positive correlation between an 'independent board' (ie a board consisting of a majority of independent directors) and corporate performance (ie, is there any evidence that performance is improved where the majority of the board is independent)? 

Part B

  • There are formal regulatory approaches to corporate governance and voluntary, self-regulation approaches. Give an example of each. Identify and briefly explain both a theory of corporate governance that supports a formal regulatory approach and a theory that supports a voluntary, self-regulation approach.

Reference no: EM131139945

Questions Cloud

Compensatory-consequential and punitive : Deep Drilling Company shipped its only heavy duty pump to U.S. Pumps (the pump’s manufacturer) for repairs. Deep Drilling hired Speedy Transport, Inc. to deliver the pump to U.S. Pumps and then return it to Deep Drilling as soon as the repairs were c..
Where the president focuses on government policy : Should the United States switch to a constitutional monarchy where the president focuses on government policy and a king or queen takes over the symbolic head of state roles
Wick company uses the columnar cash journals illustrated i : Wick Company uses the columnar cash journals illustrated in the textbook. In April, the following selected cash transactions occurred.
Determine the return period for a discharge of 20 mls : Determine the return period for a discharge of 20 m'ls and (2) the discharge with a return period of 100 years.
What does the term independent director mean : What does the term 'independent director' mean? Should specific board positions be held by independent directors (eg Chairman). If so, why? If not, why not? What is the primary role of a board of directors? Is the primary role of a board of directors..
When the capacity of hr department is originally established : when the capacity of the HR department was originally established, the normal usage expected for each department was 20000.
Discuss when police would seek an arrest warrant : Using the assigned reading material, explain where the authority to search and seize individuals and their property comes from. Your response should be approximately one to two paragraphs in length. Discuss when police would seek an arrest warrant. D..
Are individuals equally able to control each channel : Give an example of a situation in which a first impression led you to make a correct attribution and one in which the attribution you made from a first impression was wrong. Which theory of attribution is most supported by your experiences? Why?
Analyze preparedness activities for hurricane katrina : Provide a summary of the dates and facts of the Hurricane Katrina catastrophe and response. Identify those responsible for creating and maintaining an emergency plan. Analyze Preparedness Activities for Hurricane Katrina

Reviews

Write a Review

 

Business Law and Ethics Questions & Answers

  What is law and what are the functions of law

What is law? (b) What are the functions of law? (c) Is the law fair? (d) Is the law flexible? List and Describe the six (6) sources of law in the United States? (b) Explain where these sources are derived from

  Business law case study

Business Law case study - In the Lee case, there was a losing side. That side will look for an error in the rules the judge applied in order to appeal. The winning side will attempt to defend the judge's use of the rules that produced the winning ..

  A childs social community and environmental relations are

prepare a written analytical report 7-9 pages on a juvenile delinquency treatment program in your community or any

  The relationship between sentencing and punishment

Write a 700- to 1,050-word paper in which you compare the four philosophical reasons for sentencing criminals. The relationship between sentencing and punishment in today's courts

  Research public servant careers in criminal justice

Research Public Servant careers in criminal justice. Remember your definition must have an in-text citation if it is a direct quote or if you decide to paraphrase it

  Will such transaction constitute a valid contract

Abu wants to make an agreement to give his land to his daughter, Rina for her 21st birthday. This agreement is made without any consideration on Rina's part. Will such transaction constitute a valid contract?

  Write a short essay between 400 and 500 words responding to

write a short essay between 400 and 500 words responding to the assignment below. you are expected to utilize the

  Can orange corporation have case removed to federal court

Same facts as above. Assume the court finds there is personal jurisdiction. Can the Orange Corporation have the case removed to federal court

  How did the evidence show when there was no eyewitnesses

Find and read the case, People v. Diaz, 834 P.2d 1171 (Cal. 1992). Include a link or PDF of the actual court case with your answer. How did the evidence show when there was no eyewitnesses that the defendant was the one who killed the 12 patients?

  What is the state law most likely violates

Brayden, a citizen of California, obtains a federal license to operate a commercial fishing boat in a certain area off the Northern California coast. The California state legislature enacts a law that bans all commercial fishing in that area. What..

  Define the terms mandatory release and supervised release

Define the terms mandatory release and supervised release. Describe what institutional goals these terms meet by releasing prisoners early to serve the last portion of their sentences within the general population

  Explain the role of ethics and integrity in the criminal

explain the role of ethics and integrity in the criminal justice profession and the higher standard expected of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd