STRATEGIC MANAGEMENT AND BUSINESS
POLICY EXAM SCRIPT WITH ACCURATE
ANSWERS
◉ Corporate Governance.
Answer: Board of directors oversee top management with the
concurrence of stakeholder
These groups determine the direction and performance of firm. The
term refers to the relationship among these three groups in
determining the direction and performance of the corporation.
or is the set of mechanisms used to manage the relationships among
stakeholders and to determine and control the strategic direction
and performance of organizations.
◉ 5 Board Director Responsibilities.
Answer: 1. Effective leadership (processes, makeup, output of board)
2. Strategy of org
3. Risk vs Initiative and overall risk profile of org
4. Succession planning for board and top mgt
5. Sustainability
, ◉ Responsibilities of the Board of director.
Answer: *) Setting Corporate Strategy, overall direction, mission or
vision;
*) Hiring and firing the CEO and Top Management;
*) Controlling, monitoring, or supervising top management.
*) Reviewing and approving the use of resources;
*) Caring for shareholders interest.
◉ Due Care.
Answer: If a director or the board as a whole fails to act with due
care and , as a result, the corporation is in some way harmed, the
careless director or directors can be held personally liable for the
harm done.
*) The care a "reasonable person" would exercise under given
circumstances.
◉ Issues usually discuss during the boards meeting:.
Answer: - Strategy
- Execution
- Performance management
- Governance and compliance
- Talent management
POLICY EXAM SCRIPT WITH ACCURATE
ANSWERS
◉ Corporate Governance.
Answer: Board of directors oversee top management with the
concurrence of stakeholder
These groups determine the direction and performance of firm. The
term refers to the relationship among these three groups in
determining the direction and performance of the corporation.
or is the set of mechanisms used to manage the relationships among
stakeholders and to determine and control the strategic direction
and performance of organizations.
◉ 5 Board Director Responsibilities.
Answer: 1. Effective leadership (processes, makeup, output of board)
2. Strategy of org
3. Risk vs Initiative and overall risk profile of org
4. Succession planning for board and top mgt
5. Sustainability
, ◉ Responsibilities of the Board of director.
Answer: *) Setting Corporate Strategy, overall direction, mission or
vision;
*) Hiring and firing the CEO and Top Management;
*) Controlling, monitoring, or supervising top management.
*) Reviewing and approving the use of resources;
*) Caring for shareholders interest.
◉ Due Care.
Answer: If a director or the board as a whole fails to act with due
care and , as a result, the corporation is in some way harmed, the
careless director or directors can be held personally liable for the
harm done.
*) The care a "reasonable person" would exercise under given
circumstances.
◉ Issues usually discuss during the boards meeting:.
Answer: - Strategy
- Execution
- Performance management
- Governance and compliance
- Talent management
