topic - the basics of Corporate governance for the management accountant explain the role of shareholders, the Board of Directors and the senior management of the firm.
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topic - the basics of Corporate governance for the management accountant
explain the role of shareholders, the Board of Directors and the senior management of the firm.
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Solved in 2 steps
- Clearly discuss the extent to which the roles and responsibilities of the Chief Executive Officer and the Board can be utilized to enhance optimum performance and profitability of an organization.The corporation is governed by the board of directors that oversees top management with the concurrence of the shareholders, mention the main responsibilities of the board of directors illustrating degree of involvement of the board of directors in strategic management.What is a board of directors? Please briefly describe their duties and responsibilities
- Recommend the governance strategies the board of directors can put in place to remedy thesituation in the company.Evaluate the different responsibilities of the board with particular emphasis on the impact they have on the corporation.What are the fundamental legal, corporate, and organizational differences between not-for-profit and for-profit BC/BS plans in terms of ownership, governance, and utilization of profit? Please explain in great detail.
- How can the Asset and Liability Management Committee can proactively manage the liquidityrisk faced by the groupDell Company, a CPA firm, conducted an audit for the 2020 financial statements of Perla Corporation. During the course of the audit, the auditors noticed that the management had a known history of violations. This condition that might increase the risk of fraudulent financial reporting is related to the following category: * O Management's characteristics and influence O Industry conditions O Operating characteristics and financial stability O All of the above None of the aboveGovernance, Risk Management, and Control are interrelated terms. As an internal auditor whose primary task is to evaluate Governance, Risk Management, and Control, you must understand how these concepts interrelate with each other. Name one company (which can be a publicly listed, public company, registered issuer, non-stock, non-profit corporation, partnership, sole proprietor, and yes, even the sari-sari store of your neighbor), and illustrate the inter-relationship of Governance, Risk Management, and Control in your chosen company. Moreover, you may opt to design a simple one-line audit plan how will you evaluate the Governance, Risk Management, and Control of your chosen company.
- Discuss the differences between a Board of Advisors and a Board of Directors.explain the differences between financial and management accounting. give an example of how management accounting reports would be incorporated into financial accounting reports. describe how accounting information helps shareholders and lenders to make decisions concerning the operations and performance of the entity. explain what challenges face business in relation to ethical behaviour? and if such challenges are the same for accountants.critically examine the role of the Board of Directors in relation to CEO turnover, executive compensation and anti-takeover provisions.