The paper “ Corporate Responsibility and Corporate Governance in Europe by Bisio” is a provoking variant of the article on management. Corporate governance refers to among other things, the rules, policies, relationships, processes, and systems from which authority is exercised and maintained within an organization. The governance characteristics of an organization are shaped by a multiplicity of factors both of which are internal and external (Bisio, 2003). Corporate governance issues on the other hand refer to the issues that curtail the ability of the organization to achieve its objective of profit maximization, wealth maximization, and most importantly the corporate social responsibility. With the emergence of globalization, so much information is in the public domain concerning corporate issues.
The media has made it possible for the public to access this information and consequently make judgments about the products of those organizations (Bisio, 2003). This essay aims to make an argument concerning the independence of every board management. The paper will look at the governance issue in as far as the independence of the board is concerned, why the issue needs attention, and finally, why the arguments on the issues have to be done in the media. An outline and a summary of the arguments made in the article. Independence of the board of management. The article writer is making an argument concerning the independence of every board management.
The writer argues that the board should make an effort of meeting regularly with the organization’ s chief executive offices and have a one on one engagement with the mid and low-level managers in order to better understand the operations within the organization (Australian institute of company directors, 2016). In order to make better decisions according to the writer of the article, the board of management will need to recruit company directors who have diverse and complementary skills, experiences, and backgrounds and at the same time attempt to strike a balance between experience and the tenure so that the company can always have fresh teams in place at any given time (Bogoslaw, 2016).
Australian institute of company directors 2016, Principle 2: Board composition. Retrieved 28th August 2016 from http://www.companydirectors.com.au/director-resource-centre/not-for-profit/good-governance-principles-and-guidance-for-nfp-organisations/principle-2-board-composition
Bisio, L 2003, ‘Corporate responsibility and corporate governance in Europe’, Symphonya. Emerging Issues in Management, (1). doi: 10.4468/2003.1.09bisio.
Bogoslaw, D 2016, Board independence and diversity stressed in new governance principles. Retrieved 28th August 2016 from https://www.irmagazine.com/articles/corporate-governance/21545/board-independence-and-diversity-stressed-new-governance-principles/ (Accessed: 27 August 2016).
Katz, D.A. and Wachtell 2012, Analyzing aspects of board composition. Retrieved 28th August 2016 from https://corpgov.law.harvard.edu/2012/02/20/analyzing-aspects-of-board-composition/
Nordberg, D 2010, Corporate governance: Principles and issues, Los Angeles, SAGE Publications.
OECD 2000, The board of directors: Composition, structure, duties and powers company law reform in OECD countries A comparative outlook of current trends. Retrieved 28th August 2016 from https://www.oecd.org/daf/ca/corporategovernanceprinciples/1857291.pdf
OECD 2011, Chapter 6. Corporate governance introductory note. Retrieved 28th August 2016 from http://www.oecd.org/investment/toolkit/policyareas/corporategovernance/44931152.pdf