September 19, 2021 Comment off
Corporate Governance Duality within( COMPANY NAME)
Background Currently, international corporate governance attention is being given to the issue of duality, that is combining the board roles of chairman and chief executive officer (CEO). Public debate is divergent on the topic. On the one hand stakeholder groups are pushing to have the roles untangled with support sought from regulators. The case can be asserted that by separating the roles, a standalone chairman can act as a counter weight to a CEO (e.g. Sun (2019) see embedded scholarship article). Further, an organisation’s separation of Chairman and CEO powers helps avoid possible conflict between the corporate governance and management functions (e.g. Trentmann (2018) see embedded scholarship article). However, some stakeholders suggest that the combined roles of chairman and CEO enable an organisation leader to be a more effective manager and better able to make decisions (e.g. Hufford (2018) see embedded scholarship article). Embedded scholarship articles Hufford, A 2018, ‘Caterpillar puts CEO in charge of board’, Wall Street Journal (Dec 14) (Online). Sun, M 2019, ‘More U.S. Companies separating chief executive and chairman roles; the percentage of S&P 500 companies whose chief executive also was chairman reached a decade low in 2018’, Wall Street Journal (Jan 24) (Online). Trentmann, N 2018, ‘Splitting CEO, chairman roles expected to improve Renault’s governance; French car maker’s CEO and chairman Carlos Ghosn was arrested on financial misreporting allegations’ Wall Street Journal (Nov 20) (Online). Report instructions Conduct a review of corporate governance duality issues and write a report with your findings and recommendations. Use the concepts, tools and techniques learned in this subject to review the extent of duality in general, or, a specific instance of duality in an entity(ies), industry, sector or other jurisdictional levels. These focus questions could guide you in writing your report: o In which aspects of duality, with respect to corporate governance, has an entity you are familiar with (i.e. or entities in general) been reasonably successful? Discuss what has led to the success and how it could be sustained. o In which aspects of duality, with respect to corporate governance, has an entity you are familiar with (i.e. or entities in general), failed, been criticised or been less successful? Discuss the reasons in terms of duality for this and what can be done to address them. Requirements Your assessment must include: o A description of the issue (s) related to the above background. This description should be a short section only. o An outline of the bases or criteria for the review of duality as it relates to corporate governance issue(s). For example, mention which legislation, rules, standards or guiding principles are relevant for the review, discuss their importance and why it is appropriate for you to use them. o A critical review of the organisation’s governance applying the relevant concepts, principles, standards or other tools and techniques learnt during this subject, in accordance with your duality discussion above. o A brief list of recommendations for suggested improvement based on your review. The recommendations should only be a short section in the overall report. Format Your assessment must include: It is important to demonstrate your knowledge of the corporate governance issue and to clearly reference your sources. Read about your issue in journal articles (i.e. using the AIB Online Library e.g. EbscoHost, Proquest, JSTOR), books (i.e. including the textbook), industry reports, business literature, etc. Remember to note down your sources and reference your sources in the report. To do well in this assessment, you need to structure your discussion appropriately, use credible source references, and clearly link recommendations to the description and analysis presented earlier in the report. Assessment requirements Requirements o The required word length of this individual assessment is 2200 words (plus or minus 10%) o In terms of structure, presentation, and style you are normally required to use: ? AIB standard report format ? AIB preferred Microsoft Word settings ? author-date style referencing (which includes in-text citations plus a reference list). These requirements are detailed in the AIB Style Guide. o You are required to use at least six academic references for this report. o Your references should be from credible sources such as books, industry-related journals, magazines, company documents and academic journal articles. Ideally, relevant academic journal articles should be used for academic discussion. o Your grade will be adversely affected if your report contains no/poor citations and/or reference list and if the word length is beyond the allowed tolerance level (see Assessment Policy available on AIB website). o Useful resources when working on your report include: ? AIB Style Guide ? AIB Online Library Please ensure grammar and spelling correct as the last paper was full of basic errors.