Ethics-corporate Governance &...

Ethics , Corporate Governance and Socially responsible InvestmentWord estimate : 2825byStudent I .DCourseInstructor15 May 2010Ethics , Corporate Governance and Socially Responsible InvestmentPart A : Requirement 1According to Okoth (n .d , independence of non-executive directors means that they do non oblige any conflicts of c ar within and beyond the keep attach to . Thus , they monitor and are adequate to resolve conflicts of interest which affect the wider company , for instance , directors remunerations and successions in the board (Higgs 2002 ,.4 . The European Commission is of the view that the independent nature and experience of non-executive directors is able to resolve conflicts of interest arising among executives , e .g , remuneration and the study of company accounts . Further , the commission recommends that independence must address troth directorships and mandates (European Commission 2004 ,.2 .

Because they do not participate in the daylight to day running of the company , they are de-linked from executive debt instrument consequently , they monitor performance and improve accountability (Higgs 2002 ,.1 , rear strategy , policy , and financial goals (Okoth n .dThese attributes of independence are appropriately expressed at British Airways . The non-executive directors monitor pay and manage risk They determine the remuneration of executive directors and have access to company information , customers , employees , and shareholders (British Airways 2010 ,.56 . In addition , non-executive directors and the head meet without the presence of executive directors . To curb impartiality , they are re-elected every three years and an external financial audit is conducted every year . However , the management...If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .