Corporate Governance for Managers

This report discusses the importance of working in an organization and the duties and responsibilities of directors. It also explores the competencies required for effective management.

Running head: CORPORATE GOVERNANCE FOR MANAGERS
CORPORATE GOVERANCE FOR MANAGERS
Name of the Student
Name of the University
Authors note

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Executive Summary
The purpose this report is to discuss about the importance of working in an organization
which is affecting the success elements of the organization. There are different duties and
responsibilities of the director for the betterment of the organization which needs to be
performed in an effective way. The rights of the director needs to be organized in a well-
mannered way. There are different competencies like the risk management, legal strategy and
the management of the people all these are important for the working of an organization.

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Table of Contents
Introduction................................................................................................................................2
Duties, rights and competence of directors................................................................................3
Committee work.........................................................................................................................6
Board structure and style............................................................................................................7
Transparency and accountability of the company......................................................................8
Conclusion..................................................................................................................................8
References................................................................................................................................10

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Introduction
In an organization, the working is considered as one of the most important area, which
is directly affecting the factors that are related to the success of an organization. In an
organization the directors play a very important role because the directors help in starting the
task which is considered as the domain for the organization and also helps in providing the
area which is planned connected to the factor leading in the development of the infrastructure
and on the basis of this working of an organization would be relevant.
The report is directly paying attention on the factors of directors working and the duty
and authority of the director, which is devoted to the working, which are related with the
success factor of the organization. The important area to pay attention is on Dim Sum ltd
organization that are based on Hong Kong.
Duties, rights and competence of directors
Duties
There are various types of responsibility, in which the director must luxuriate directly
into the working. There are few important responsibilities, which is linking with the directors
working are as follows:
 The directors must be portraying in good faith, which is straightly connected with the
use of the various power for the aim of benefit that is good and direct for the working
of the whole organization.
 The duty of the director directly connected to the factor of utilizing the judgment that
is not dependent and it might not represent the power except the power that are based
on the power authorization.

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 It needs to take into consideration that the responsibility of the director must not have
any kind of dispute between the interest that is personal and the working of the
organization. If the attentiveness of the company and the director exist in the same
line then it can straightly adapt the factor which is relates to success of the
organization (Schwarcz, 2016).
 The director should not gain the advantage that is from various power of the
organization. It should be taken into consideration that the personal advantage area
should not be connected to the working sector of the director.
 The responsibility is not able to utilize any data or the company information that is
executed in the sector of working which is related to the personal benefit area.
Right
The directors in the circumstances of working has the general working power of the
organization. In this part, stated that the important part of the implementation of the various
rights of the directors should be towards the working of the organization. The main motto is
the gaining of the ruthless advantage of the organization working (Ahmad, Johnson and
Storer 2015). In many working organization, known that the director is straightly support the
motive and objective of the organization in accordance to which the employees would be
straightly working. In the situation it can be declared that the implementation of various
activity is prepared and the implementation of the director’s straight manner.
The company preservation from the various forms of law related aspects and the
organization working as stated to the norms and regulation of the laws is the concerned areas,
connected to the Director right (Shahiduzzaman and Marek 2018).

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In this area, the director has the overall power, connected to the sector of audit, which
is straightly paying attention on the feature of the complained law for the organization-
working standard.
In the connection of the organization working, if the director realizes that there is the
need of some forms of adaptation in the working section of the organization, it can be
straightly execute it in the sector of organization working. It is the deceive right of the
director because of the factor that the director is having the complete knowledge for the
organization working and due to the some forms of problems change in the arrangement can
be brought into the sector which are in the circumstances of the operation. Sometimes these
changes can lead to the success factor orientation which is straight for the working of the
organization (Smith and Ronnegard,2016). The directors every rights needs to be organized
properly manner so that no issues arises in the sector of the meeting of the various
responsibilities, helping in the part of demonstration of the organization and in the
enhancement of the standard of working different activities of the organization. The
important concern is the duty of the director’s activity because of the arrangement of working
which is stagnant in the sector.
Competences
There are certain factors which needs to indulge in the working sector of a director are
as following:
 Legal: The capabilities of the director s straightly related to the factor of grasping the
command with the serious law matter. This is because of the reason that the satisfying
factor in the laws is an important aspect for the better working of the organization. On
the other part, the attention needs to pay in understanding the concept of authority,

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which is there in the sector of the authority and duties that is legal and straight in the
sector.
 Management of the risk: The risk management element is the important capability in
which the director needs to be straightly involved in the working of the organization
((Sook-Ling et al., 2015). The element of the management risk can straightly include
the element of risk and the reduction if the risk element in the sector of the working
organization.
 Management of the people: In the area of managing the people in the organization, it
stated that there is involvement of the people in the management sector of the
employees, whose involvement is in the working of an organization.
 Strategy: It is important for the director to understand in a straight manner the
different strategy been incorporated in the sector of working of an organization.
Committee work
The committee working plays a very important duty in the sector of the working of
the organization. According to this situation, there are some duties and responsibilities
connected with the working of the organization that are as follows:
 Work integrity: For the working of the organization, there is the committee that is
been reviewed as an attendant of the assets for the organization and they are directly
connected for the liability of the different acts of the organization. As the part of the
working committee, there is the level set considered as an important activity.
 Productiveness: For the working of an organization the productiveness of the sector is
considers as one of the important area, which needs to be paid attention (ANDREW
2016). The working productiveness is straightly leading to success factor of the
organization and the modification of the competitive gain of the organization.

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 Supervising the working of the organization: The committee is straightly capable for
going through the working of an organization. The important sector which needs to be
paid attention here is connected to the recognition of an issue in the working and on
the other aspect proving an appropriate reduction plan so that the demonstrable
element of the issue which does not exist in the working area.
 Duty and authority: The most important duty connected with the working of the
organization is the endorsing of the values and objective of the working sector of the
organization. On the other hand, giving sufficient energy and time to the roles of the
director is also the important element, which needs to be straight and paid attention.
Moreover providing a structure of the honesty and ignoring the announcement of the
personal interest issues is one of the important element that needs to be added in the
sector of the working organization.
All these activities of the committee needs to be taken into consideration and the focus
needs to be given in the core part, and every area in the sector plays a very significant role
which is straightly connected to the success elements of the organization. On the other
context execution of the various activity that is, done for the reason for gaining the
competitiveness of the organization and the reduction of the various types of issues that
can be attached to the sector of working in the organization. In the part of working of the
employee, the engagement element is also important which helps in increasing the
productivity of the working.
Board structure and style
Board structure
The various patterns of board structure that may be executed in the working sector of
an organization. Few board structures are winning in the recent times like the structure

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related to the functional, administrative, divisional and the matrix. Each of these structures
has their own benefits connected to the success of the organization.
In the case study, stated that one of the board structure that is best is the functional
structure that can be executed in the sector. This is because of the reason that there are
different stages of dependencies, which is currently working is liable to redesign the
success element. For the board the execution of the functional structure is very much
beneficial in the organization working area.
Style
The important style that can be executed in the working sector of the organization is
connected to the working of the Dim Sum Ltd is a democratic leadership. This style generally
used for making decisions from the end of the team. The style very much benefited because
of the element that the team is having the complete information about the working standards
of the organization. The process of execution maybe done in a perfect way, so that in a
straight way it is benefited to the organization working, this may also lead to an element of
competitive advantage of working in the future.
Transparency and accountability of the company
The clarity is one of the factor that is succeeding the working culture of the
organization, which is because of the element that it increases the plasticity, recognized in the
various task of the organization. According to this circumstances the important area of
clarity must be overcomes with the employees working and the management. It gives
transparent view of the working environment and the standards in which the employees are
straightly involved into and on the other point the element, leading to the competitive
advantage in the working sector may be easily attained with the implementation forms of the
comprehensive work of the organization.

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The responsibility factor means that the performance of the organization can be
assessed according to the production or nature, connected to the sector of the working area. In
this area the employees are indulged themselves in the working, those employees are
accountable for the engagement factor; there is the need of the utmost commitment.
Conclusion
Lastly, the report concludes that the Director is working on a various parts that is
connected to the sector of the working organization that is playing a vital role in the sector of
complete implementation of various task of the organization. Proper adjustment of working
in the organization is an important success element for the organization. The important
element discussed in the report is that the work of the Director is connected to the building of
appropriate infrastructure for the working of the organization that will help the organization
in attaining and enhancing the work area.

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References
Ahmad, A., Johnson, C.W. and Storer, T., 2015. IMPACT OF SCENARIO BASED
EXERCISE ON ORGANISATION RESILIENCE IN CRITICAL INFRASTRUCTURE
ORGANISATIONS. Journal of Technology Management and Business, 2(1).
ANDREW. KEAY, L.L.B., 2016. DIRECTORS'DUTIES. JORDAN Publishing Limited.
Arena, C., Bozzolan, S. and Michelon, G., 2015. Environmental reporting: Transparency to
stakeholders or stakeholder manipulation? An analysis of disclosure tone and the role of the
board of directors. Corporate Social Responsibility and Environmental Management, 22(6),
pp.346-361.
Lightle, S.S., Castellano, J., Baker, B. and Sweeney, R.J., 2015. The role of corporate boards
in employee engagement. IUP Journal of Corporate Governance, 14(4), p.7.
Lind, J. and Møller, I.H. eds., 2018. Inclusion and exclusion: Unemployment and non-
standard employment in Europe. Routledge.
Rauterberg, G. and Talley, E., 2017. Contracting out of the fiduciary duty of loyalty: An
empirical analysis of corporate opportunity waivers. Colum. L. Rev., 117, p.1075.
Schwarcz, S.L., 2016. Misalignment: Corporate Risk-Taking and Public Duty. Notre Dame
L. Rev., 92, p.1.
Shahiduzzaman, M. and Marek, K., 2018. Digital organisation: A value centric model for
digital transformation.

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Smith, N.C. and Rönnegard, D., 2016. Shareholder primacy, corporate social responsibility,
and the role of business schools. Journal of Business ethics, 134(3), pp.463-478.
Sook-Ling, L., Ismail, M.A. and Yee-Yen, Y., 2015. Information infrastructure capability and
organisational competitive advantage: Framework. International Journal of Operations &
Production Management, 35(7), pp.1032-1055