Systems and processes deal with matters such as delegation of authority. The corporate governance structure specifies the rules and procedures for making decisions on corporate affairs. It also provides the structure through which the company objectives are set, as well as the means of attaining and monitoring the performance of those objectives... displayed 300 characters
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It also provides the structure through which the company objectives are set, as well as the means of attaining and monitoring the performance of those objectives.
Corporate governance is used to monitor whether outcomes are in accordance with plans and to motivate the organization to be more fully informed in order to maintain or alter organizational activity... displayed next 300 characters
This allows the members to make decisions keeping all stakeholders in mind. However, unlike Tyco, International's new board, CareNetWest's board has not seated relevant committees to address risk management issues...
This is what went wrong in this example. In 2004 there was a big accounting scandal concerning the board of directors of Fannie Mae. Their internal report showed a positive portrait of the board which cleared them of the accounting troubles...
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