Name: Mahusay, Jeth A.

Date: November, 2020

Year: BSA-3 Instructor:Ms. Anna Mae Magbanua, CPA
Subject: Corporate Governance and Business Ethics

Module 1 Self-Check Exercise

1. Analyze in detail the roles and responsibilities of Board of Directors in

corporate governance.

The board's job is to prepare and strategize strategies and

priorities for the company's short- and long-term advantage and to put
in place processes to track progress against the goals. Board members
shall study, understand and address the company's priorities in this
respect. The board's job is to prepare and strategize strategies and
priorities for the company's short- and long-term advantage and to put
in place processes to track progress against the goals. Board members
shall study, understand and address the company's priorities in this
respect.
Good corporate governance depends on distinct distinctions
between board directors and executives in their positions. It was never
meant for board directors to be directly involved in a company's
everyday practices, and they should definitely not be involved in
micromanaging the management. Oversight and preparation is the
primary responsibility of board directors. About the discrepancies,
board directors may, under certain conditions, assign certain powers to
the CEO or CFO.

2. State the expectations from CEO.

A CEO's usual responsibilities, roles, and role description include:

interacting with clients, political officials, and the public on behalf of
the company. Leading the implementation of the short- and long-term
plan of the company. Creating and executing the vision and purpose of
the business or organization.
3. Who is a Director? How a Director appointed in a company?

A director is an elected official who, along with other directors, is

accountable for the organizational policies of a company. Directors
jointly form the board of directors.

Most usually, at the Annual General Meeting (AGM) or in

exceptional cases, at the Special General Meeting, directors are named
by the shareholders (EGM). The owners, or their appointed committee,
may assign to the current directors the power to select a new director.

4. Determine if the statement is true of false. In relation to corporate

Governance, the board of directors appoints the CEO.

For me true because officers are usually appointed by the

corporation's board of directors