Chapter 2

Question 1

What are the perspectives on Corporate Governance?

Answer 1

The operational perspective
A relationship perspective
A stakeholder perspective
A financial economics perspective
A societal perspective

Question 2

What are the boards responsibilities? (Tricker’s model)

Answer 2

• Strategy formulation
• Policy-Making
• Supervision of Executive management
• Accountability to shareholders and others
• Approve and work with and together with the CEO

Question 3

What are the alternative board structures?

Answer 3

Unitary Board
Two-tierd Board
All-executivie-director board
Majority-executive-director board
Majority-non-executive-director board
All-non-executive-director board