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Week 6: Strategic Control and Organizational Structure For this week's forum, launch the week six lesson and read Chapters 12 and 13 in the textbook. ?direct=true&scope=site&db=nlebk&db=nlabk&AN=1418653We focus on the need for both shareholders (the owners of the corporation) and their elected representatives - the board of directors - to actively ensure that management fulfills its overridingpurpose: increasing long-term shareholder value. As noted by Robert Monks and Nell Minow, two of the leading scholars in corporate governance, the primary participants in corporate governance are: (1) the shareholders, (2) the management (led by the Chief Executive Officer), and (3) the board of directors. In recent years, there have been many instances of poor corporate governance. Corporate governance can be defined as the relationship between the various participants in determining the direction and performance of the corporation. There are several internal and external mechanisms that can serve to align managerial interests and shareholder interests. The internal mechanisms include a committed and involved board of directors, shareholder activism, and effective managerial incentives and rewards. The external mechanismsinclude the market for corporate control, banks and analysts, regulators, the media, and public activists.Forum AssignmentAfter reading this week's material, select ONE (1) of the questions below to answer. Use your own words and do not copy or quote from the book.