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  • Corporate Governance Triangle

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    Nathaniel Castillo
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    The corporate governance triangle outlines the key players in a corporation: shareholders who own the company and appoint the board of directors, the board of directors who oversees management and reports to shareholders, and management who runs day-to-day operations and is accountable to the board of directors. The board of directors appoints committees and executives to monitor operations, sustainability, disclosure, and ethics.

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    The corporate governance triangle outlines the key players in a corporation: shareholders who own the company and appoint the board of directors, the board of directors who oversees management and reports to shareholders, and management who runs day-to-day operations and is accountable to the board of directors. The board of directors appoints committees and executives to monitor operations, sustainability, disclosure, and ethics.

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    2 views1 page

    Corporate Governance Triangle

    Uploaded by

    Nathaniel Castillo
    The corporate governance triangle outlines the key players in a corporation: shareholders who own the company and appoint the board of directors, the board of directors who oversees management and reports to shareholders, and management who runs day-to-day operations and is accountable to the board of directors. The board of directors appoints committees and executives to monitor operations, sustainability, disclosure, and ethics.

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    Corporate Governance Triangle

     Key Players of a Corporation (SBM)


     
    1. Shareholders
     Responsible Ownership
     Owners of the corporation
     Appoints The Board of Directors
     
    2. Board of Directors (Strategic Level) (Ultimate Responsible for Corporate
    Governance) (Manage)
     Guardians of company's assets for the shareholders
     Monitor the operation
     Elects the Management
     Reports the result to the shareholders
     Direct
     8-12 persons
     Appoints the Decision Making & Execution Persons
    o President and CEO
    o Executive Vice President
    o Senior Vice President
    o Executive Council
     Sustainability Committee
     Disclosure Executive Committee
     Group Environment Activity Committee
     Corporate Ethics & Risk Management Comm
     Supervision /Create different Committee
    o Chairman of the Board
    o Nomination Committee
    o Personnel Committee
    o Compensation Committee
    o Corporate Governance
     
     
    3. Management
     Who use the company's asset
     Performance
     Composed of Two Levels (Control)
    o Senior and Middle Management (Tactical Level)
     Controller
    o Lower Management (Operational Level) (Execution)
     Accountant
     Finance Officer
     Management is accountable to the Board
     Board is accountable to the shareholders

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