User Account

All Pages

What does independence mean for accountants

Assignment Help Accounting Basics
Reference no: EM133031596

Question - Corporate Governance Elon Musk's tweets show that Tesla's board either can't or won't try to keep him in check CNBC, Published 27 February 2019.

Author: Robert Ferris

Robert Ferris reported that Elon Musk (CEO and Chairman of TESLA) disputed with the Securities and Exchange Commission (SEC) over the Tesla board's ability to control the strongminded and unpredictable CEO/Chairman.

"His board has to act," said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. "They seem to be incapable of acting, which is very disappointing."

Robert Ferris mentioned that "The board's independence and ability to restrain Musk have been frequently called into question. Several board members have close ties to Musk either through family or business."

Required -

a. Explain why board independence is important in general. Discuss the role of officers, non-executive board members, and shareholders.

b. What does independence mean for accountants?

Reference no: EM133031596

Questions Cloud

Production of cream soups : Why are non-starchy vegetables used in the production of cream soups?
Discuss the performance of the stock market : Discuss the performance of the stock market and the volatility that it is going through recently, measured by the DJIA, S&P 500 or NASDAQ
Promoting sustainable foreign direct investment : What are some strategies developing countries can put in place for attracting and promoting sustainable foreign direct investment?
Describe an organisation using the systems theory : Question 1 - Contemporary approaches to management, systems and contingency theories. (Max. 200 words)
What does independence mean for accountants : Discuss the role of officers, non-executive board members, and shareholders. What does independence mean for accountants
General high levels of individual learning : The level of organisational learning in ANAC is 10% lower than the industry's average, even though the level of individual learning is 30% higher than the indus
What would be his total hourly rate of earnings : What would be his total hourly rate of earnings, and what difference would it make if he was paid under the Rowan method
Case study-hashtag ltd : The number of people getting on their bike is growing. Though usage is tiny compared to the 1940s and 1950s, there were 3.8% more miles cycled this year compare
What amount should be reported as accounts payable : A P50,000 credit memo was received and recorded by Ukraine Company on January 6, 2021. What amount should be reported as accounts payable

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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