conclusion.docx - Conclusion(suggestion,improvement,limitation As a conclusion to improve corporate governance the company should understand that good

conclusion.docx -...

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Conclusion (suggestion,improvement,limitation) As a conclusion, to improve corporate governance, the company should understand that good governance is not only limited to compliance. Boards is required to balance conformity, which has to balance itself with the performance. The board has to describe in details of the own position and major functions, rather than express the function performed by management. The role of board and its responsibilities in corporate governance has to be illustrated clearly as it makes company able to maintain good relationships among all stakeholders in the long term. At the same time, it will increase a culture of trust in the company. Throughout the research of the annual report of the COCA-COLA Hellenic Bottling
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Unformatted text preview: Company, the company should emphasize the important of generating timely information. Timely information is critical for company in decision-making. Timely information provided by senior management of the company able to ensure that the board supervision and guidance are conducting in proper way. However, if Board members overwhelmed with information, it will result in not balance between necessary information with irrelevant information. Thus, it is significant that the Board and senior managers have a sound interaction as it will ensure that the adequate information is provided to the board. Senior manager should respond quickly to the information requested by board member....
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