Buy custom The Board, The Executive and Good Corporate Governance
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2369 |
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This is further stressed in a publication by the Institute of Directors (IoD), Standards for the Board, which states that the board's key purpose "is to ensure the company's prosperity by collectively directing the company's affairs, while meeting the appropriate interests of its shareholders and relevant stakeholders"...
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Executive directors are persons who are dedicated full-time to their role in relation to the management of the company while non-executive directors tend to be “outsiders†brought in for their expertise, and to lend a more impartial view in relation to strategic decisions (Wikipedia).
Prior to the introduction of the UK Combined Code on Corporate Governance, the composition of board was around two-thirds executive directors and one-third outside directors...
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