Lecture%202%20Governance

Lecture%202%20Governance - Lecture 2 Corporate Governance...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Mgt 4199 Spring 2009 2-1 STRATEGIC MANAGEMENT –Mgt 4199 Lecture 2 Corporate Governance
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Mgt 4199 Spring 2009 2-2 Corporate Governance The relationship among the board of directors, top management, and shareholders – determining the direction and performance of the corporation Management works for itself. Therefore the BOD must represent the shareholders.
Background image of page 2
Mgt 4199 Spring 2009 2-3 Corporate Governance Role of Board Protect the shareholders’ interests Establish corporate policies Set strategy Hire/Fire CEO Control Top Management Manage use of Corporate Resources
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Mgt 4199 Spring 2009 2-4 Board of Directors Continuum
Background image of page 4
Mgt 4199 Spring 2009 2-5 Board of Directors Members -- Inside directors (+/-25%) “Management directors” Officers or execs employed by the firm Bring knowledge of the corporation Outside directors (+/-75%) “Non-management directors” Execs of other firms not employed by the board’s corporation Bring outside perspective, expertise, name recognitions, and connections
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/18/2012 for the course MGT 4199 taught by Professor Staff during the Spring '08 term at Kennesaw.

Page1 / 10

Lecture%202%20Governance - Lecture 2 Corporate Governance...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online