INDEPENDENT OUTSIDE DIRECTORS
Please answer the three discussions “each one alone”, around 150 word each.
1. The IIA’s Code of Ethics vs. The standards: Which one should be followed more closely and why?
2. Please describe and discussion the relationship between a company’s business model and its governance structure.
3. Discuss how independent is demonstrated in governance structure? For example, why does a company need independent outside directors?
Please answer the three discussions “each one alone”, around 150 word each.
Answer preview
Discuss how independent is demonstrated in governance structure? For example, why does a company need independent outside directors?
An organization’s governance structure includes a hierarchy of different individuals who play strategic roles in an organization. The people categorized in the structure are the board of directors, chief executive officers, managers, supervisors, and representatives of various departments in the organization. The powerful positions that the key figures get allow them to perform tasks independently meaning that they establish unique ways of accomplishing their tasks with less supervision. However…
(200 words)