Professional Documents
Culture Documents
Orense
AC2A
STRAMA
July 6, 2021
From what had been mentioned in the discussion, the Board of Directors are the
highest governing body in an organization, also they are the one who makes policy for
the betterment of their business. In fact, BOD does not only manage and organize the
important documents of the company but they also own shares, meaning they are also
considered to be one of the shareholders but since they were being elected, they have
the rightful act to make some changes and govern the business. Insiders as being
mentioned when divided are the highest among the three individuals concerning the
BOD. Usually they are experienced managers and/or CEO’s of the company or other
company. Related outsiders however are the one who do not cope up with day-to-day
activities but have the knowledge over the company's important papers, and the last
one is the outsiders, they do not have direct relationship inside the company or are not
concerned with day-to-day activities. In some cases they were the one who manages
one side of the company, a department to be exact.
3. Challenge yourself, how will you institute good governance in your would be
organization?
Good governance does not define many years of experience but the attitude of
oneself. It is about how you became a good human to other people who need proper
governance. I will discuss three important points if I will have my own business.
First, there should be a division of work. Unorganized work is the most
tremendous thing that an employee will do. He has no idea when and how to
start but if he has the organized work to do, no more energy lost from a
governing body. Second thing is to consider unity in the work. If someone excels
one should excel too. To be short, anyone must help the weak, and the weak
must seek help from someone stronger. And the last one to consider is a Goal-
oriented person. Some people only make their work for the purpose of
compliance, but not in making each work goal reach. If this is the case we only
work for nothing. Same each day and no changes towards better success.