Non-Executive Directors in Corporate Governance - Essay Example

Only on StudentShare

Extract of sample
Non-Executive Directors in Corporate Governance

The need for altering the corporate governance and the accountability of non-executive directors has come forth due to the collapse of a number of high profile corporations ( Carver and Oliver 2002; Cadbury 2002; Vinten 2002; Taylor 2003).
Oman (2001) tried to define corporate governance as the public and private establishments which includes polices, rules and consented business patterns, which based on the economy of the market economy, administer the relationship linking internal stake holders on one hand, and share holders on the other. According to Cochran and Warwick (1988) corporate governance is: "an umbrella term that includes specific issues arising from interactions among senior management, shareholders, boards of directors, and other corporate stakeholders."
'Corporate governance' is seen as a fresh term which has entered our business terminology particularly in the last decade. Nevertheless connecting accountability with corporate governance (Cadbury 1992) is not a recent issue; it has grown with the development of the capitalistic system and growth of world economies (Vinten 2003). The different issues to be considered in this paper are: accountability and the role of non-executive directors with regard to corporate governance and accountability.
According to Sir Arthur Cadbury in his paper (Cadbury 1992, p.15) "Cor ...Show more


The role and liability of the board and directors has come forward as a crucial matter in probing the reason of high profile crumples like Enron, Parmalat, One.Tel, WorldCom and HIH. This has produced a lot of debate on what the part of the directors is in 'monitoring', 'directing' or 'advising' a company…
Author : prosaccocyrus
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Non-Executive Directors in Corporate Governance"
with a personal 20% discount.
Grab the best paper

Related Essays

Corporate governance board in an organization operates via the different members of board of directors
Corporate governance actually provides a clear direction to their employees that how they have to move during their operations. The paper provides a clear description on corporate governance, that what it is actually and how it works. What are the different models for corporate governance that are provided by the scholars and different principles that are given for the board of directors Later different real examples of different firms are used by the paper to explore that either corporate governance works or not.
14 pages (3500 words) Essay
Assessing Corporate Governance in the Real World
The shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that the appropriate governance structure is in place.' Another definition is cited from the Higgs Report stating that 'Corporate governance provides and architecture of accountability- the structures and processes to ensure companies are managed in the interests of their owners.'
8 pages (2000 words) Essay
Todays Witches Battle Against Yesterdays Myths
They appear in folktales as old as Snow White; stories so old that their origin is lost within the verbal records of history. Witches figure prominently in stories such as Shakespeare's Macbeth and the witches of L. Frank Baum's The Wizard of Oz. They have been feared in the forests of Germany, hunted down as heretics by the Roman Catholic Church, and sought out as healers and miracle workers.
8 pages (2000 words) Essay
Corporate governance .
Share holders, board of directors and the management are the main stake holders in corporate governance mechanism. Employees and the executive are the other stake holders in corporate mechanism. In corporate governance the board of directors play significant role.
12 pages (3000 words) Essay
Corporate Strategy and Corporate Governance
This paper attempts to understand the mechanisms underlying the relationship between corporate governance and innovative strategies through extensive research of available literature on the topic determines the existing knowledge gap and suggests methodology to put theory into practice and find evidence based results to bridge the gap.
17 pages (4250 words) Essay
The Transparency in Corporate Governance
A comparison of the United States and the United Kingdom is also taken up in this study. The wave of corporate scandals which have erupted
40 pages (10000 words) Essay
The need for for formal government regulation to ensure societal checks and balances on perhaps wayward corporations
Corporate scandals such as notorious Enron, Tyco, WorldCom, Polly Peck, HIH Insurance, and OneTel, which mushroomed one after the other, raised an alarm for urgent changes in
1 pages (250 words) Essay
Corporate governance
The single board monitors and supervises the behaviors and actions of the company’s top management to ensure that the investments of the stakeholders are efficiently used. Unitary Board Structure is further classified into all
4 pages (1000 words) Essay
A day in the life of Alex Sander Case
From the sample of feedback form in the case, it seems that around ten to twelve people are embraced in the entire process of feedback. Every person providing the feedback is required to
5 pages (1250 words) Case Study
Pittsburgh, PA boosts of being the largest inland port in the United States, with the capacity to give access to 9000 mile inland waterway system of the USA. It has numerous beautiful bridges totaling
10 pages (2500 words) Case Study
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email