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Corporate Governance of the ABC International Ltd

   

Added on  2020-10-22

9 Pages2974 Words468 Views
Corporate Governance

Table of ContentsINTRODUCTION.......................................................................................................................................3TASK..........................................................................................................................................................3Duties, rights and competence of directors..................................................................................................3Committee work......................................................................................................................................5Board structure and styles........................................................................................................................6CONCLUSION...........................................................................................................................................8REFERENCES............................................................................................................................................9

INTRODUCTIONCorporate Governance is that system of the business organization which concerns with the rules and regulation of the company within with all the process of the business is needed to be performed by an organization. The present study is based on the ABC international Ltd. In which it provides brief information about the duties, rights and competence of the directors alongwith the detailed information about the committee work. Further, the assignment also shows the board structure & styles and information about transparency and accountability of the company. Furthermore, the study also provides a brief description importance of audit committee and boardof directors of the company in maintaining the accountability and transparency within the business organization.TASK Duties, rights and competence of directorsA director can be defined as who keeps engage in providing directions to the employees of the company including the senior authorities like managers, leaders, etc. They ensure the achievement of business goals by the overall business organization.Directors have a major role in the business organization. They are the key person of the company that takes the responsibility of each activity of the business (Huebner and Klein, 2015). They monitor each activity of the business and develops the most appropriate policies for the business. Further the major role of the directors in the business is to ensure the proper working inthe company.Following are the major duties that are needed to be fulfilled by the Y. K Chan being the director of the ABC international ltd.:Y. K Chan need to be exercise all the powers provided by the companies act of the country.A director is also needed to prepare direction plans as to provide success to the company and provide benefits to the business as well.Being a director of the company, a person is needed to fulfill a major duty of taking independent decisions for the company by using the skills, experience and knowledge of directorship( Shi andCallahan, 2018).Further, a director is also needed ensure the elimination of the conflicts in the business. A director is one of the key person of the company. In this regard, it is a duty of director not to make the misuse of any of the assets of the company.

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