Citic Pacific.docx - Course Student ID Date Case Corporate...

This preview shows page 1 out of 1 page.

Course:Student:ID:Date:Case: Corporate governance at Citic PacificWhat does this incident say about Citic Pacific's internal risk management and its board of directors, particularly the independent directors? Has the company demonstrated effective corporate governance standards and mechanisms by aligning its top-level managers' decisions with the interests of the shareholders?What does corporate governance mean? How is it used to monitor managers' strategic decisions?Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The responsibilities of the board include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship. Corporate governance is therefore about what the board of a company does and how it sets the

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture