Bizman

Undertaking and MBA at AIB #adelaide #aib #mba #cgov

[Bizman @boments]

The 6 Cs of an effective #board: commitment, character, collaboration, competence, creativity, contribution #corporategovernance

[Bizman @boments]

#directors duty of care: requires the exercise of good, independent judgement carefully, skillfully and diligently #corporategovernance

[Bizman @boments]

#directors duty of trust: required directors to act honestly and in good faith before shareholders #corporategovernance

[Bizman @boments]

#ASX principles are on a comply or explain approach, being comply with the recommendations or explain why they have chosen not to adopt them

[Bizman @boments]

Audit #committee: liaises with external auditors and facilitates audit functions #cgov

[Bizman @boments]

Nomination #committee: nominates board #directors during vacancies. At least 3 independent #directors, different chair to that of the board

[Bizman @boments]

Associate #directors are someone who hold the title of director but are not a member of the board. #cgov

[Bizman @boments]

Shadow #directors are not formal directors but are able to influence decision making #chic

[Bizman @boments]

Independent non-executive #directors have no interest of affiliation with the company #cgov

[Bizman @boments]

Non-executive directors do not hold an executive position at the company although may be a shareholder #cgov

[Bizman @boments]

An executive #director is a member of board but also hold exec positions #cgov

[Bizman @boments]

Two tier boards do not encourage creativity, but do allow for stability as the supervisory board oversees the management board #chic

[Bizman @boments]

Two-tier #boards: two levels of the board
- supervisory board: INEDs oversee
- management board: All execs
#cgov

[Bizman @boments]

Unitary #boards: where only one body is governing the #company

[Bizman @boments]

Functions of the board:
- formulating strategy
- policy making
- executive supervision
- developing, maintaining and strengthening
#cgov

[Bizman @boments]

#cgov defines the framework around which companies are governed, controlled, directed and held to account #management

[Bizman @boments]

Stewardship theory: the relationship between director and shareholder is governed by a fiduciary duty #cgov

[Bizman @boments]

Agency theory: to maximize gains directors as agents may not always act in the best interests of the shareholders #cgov

[Bizman @boments]

Resource dependency theory: #cgov is the link between corps and the resources required to achieve company goals

[Bizman @boments]

Systems theory: corps are systems with sub-systems, corps are also part of a larger system. Understanding this is key to good #cgov