Discuss the issues raised by the Board of ABC regarding the appointment of an internalauditor. In your discussion, recommend how the issues can be resolved.
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Discuss the issues raised by the Board of ABC regarding the appointment of an internal
auditor. In your discussion, recommend how the issues can be resolved.
Step by step
Solved in 1 steps
- "The Board has adopted Corporate Governance Policies to ensure that the Board has the necessary authority and processes in place to review and evaluate our business operations as needed and to make decisions that are independent of our management. These policies include practices the Board follows with respect to its composition and selection, regular evaluations of the Board and its committees, Board meetings and involvement of senior management, senior management performance evaluation, and Board committees and compensation" Is a member of senior management present at all full Board and Board Committee meetings? Group of answer choices a) Yes b) It depends c) NoClearly discuss the extent to which the roles and responsibilities of the Chief Executive Officer and the Board can be utilized to enhance optimum performance and profitability of an organization.Discuss the differences between a Board of Advisors and a Board of Directors.
- Explain the function of audit committee. 1. Monitoring Financial Activities 2. Responsibility towards external auditors 3. Overseeing the Internal Control Process 4. Responsibility for Regulatory Compliance 5. Oversight of Risk ManagementPlease explain the following terms: 1.Agency costs 2.Agency problems 3.Agency asymmetry problems 4.Decision rights 5.Influence costsEvaluate the financial leadership and management roles of the Board of Trustees, the president, the chief financial officer, the chief academic and student services officers, the chief information officer, and other executive officers.
- You have recently obtained employment at RL Ltd. The manager of this successful medium sized business enterprise is keen to implement and formalize some ethical practices in the business. She asks you and your team provide detailed overview about a current ethical issue(s) which affects any well-known company of your choice. Required: Research and report on the unethical issue/s affecting the company Examine how the unethical issue/s has impacted the business Examine the company's ethical code of conduct or a statement of corporate social responsibility. To what extent is it following the code? Make recommendations on how the company could resolve the unethical issue/e and also how they can also improve the ethics of its operations.101) In Agency Theory: a) The stockholder is the agent b) The management is the principal c) Both A and B d) Neither A nor BBelow is a summary of the SEC corporate governance requirements of companies publicly-listed in the stock exchange. For each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations. a. Boards must have a corporate governance committee composed at least 3 of independent directors. b. The corporate governance committee must have a written charter that addresses the committee's purpose and responsibilities, and there are must be annual performance evaluation of the committee.
- You are a senior public relation officer. The citizens in the country are suffering financially due tothe prolonged pandemic. As part of the company’s corporate social responsibility (CSR), you arerequired to survey the needs of two (2) charitable groups. Then, propose three (3) suitable waysthe company can give back to the society.In your proposal to the head of public relation department,• state the purpose of your proposal;• identify two (2) charitable groups of your choice;• describe the needs of the two (2) charitable groups;• suggest three (3) ways the company can help the two (2) charitable groups;• provide details of the activities (such as cost, time needed, justification of its suitability,and manpower required); and• describe the benefits of those activities to the staff members and company. Provide two (2)benefits of those activities to the staff members and two (2) benefits of those activities tothe company.Your proposal should be about 800-1200 wordsAs a strategic consultant to ABC Ltd., explain to the board of directors, a reliable approach to developing and implementing staffing policy guidelines that will ensure reinforcement of the desired culture in the organization, essential to achieving its goals and objectivesWhich of the following explains why in Mendelow’s Classification Stakeholders in Segment C must be treated with care. These stakeholders may participate in decision-making. They do not have great ability to influence strategy, but their views can be important in influencing more powerful stakeholders, perhaps by lobbying. They are capable of moving to Segment D. They should therefore be kept satisfied. Large institutional shareholders might fall into Segment C. Without their participation, the organization will have difficulty continuing as a going concern