You have

UNITto2answer
What the question
is “corporate
- CORPORATE at the end of the lesson.
governance”?
GOVERNANCE
 OBJECTIVES

After the lesson students are expected to:

- name and understand functions of words relating to corporate governance:
Board of directors, CEO, CFO, chairman, COO, corporate governance, elect,
inside director, management, outside director, ownership, president, vice president
- understand and can use structures: Inform sb about st; Present perfect tense

HAVE YOU, NEED and MAKE SURE

 WhoWhat
has the highest
is this grouptitle in a company?
of people called?

They are a group of people responsible for the management of a company.

Board of directors
Who are there in the Board of directors?

BOARD OF DIRECTORS

PRESIDENT CEO

CFO COO
BOARD OF DIRECTORS
What
Who has theishighest
that title
rank called?
in a company?

Head person
He/she is the elected leader of a company.

PRESIDENT
BOARD OF DIRECTORS

Who is ranked below the president in a business?

a manager in a company who helps make important decisions

He / She is the executive of a business who

ranks just below that business’ president.

vice president
Look at the scores of these National Football League teams (NFL)
- New England Patriots team is ranked the highest among other teams.
- Denver Broncos ranked higher than New Orleans Saints.
- Washington Redskins ranked lower than New Orleans Saints.
 A choice between two or more people / things through a show of hands.

To choose somebody for an office by voting is called

ELECT
Who teaches students in a class?
The teacher teaches students
in a class.
Who is a staff
responsible to in a company?
He / She
is responsible to the manager.

TITLE TITLE
 Who manages the company?

He / She is the highest-ranking person in a company,

responsible for making managing decisions.
CEO (Chief Executive Officer)
 Who is responsible for the financial activities?

one part of a whole, that has many parts.

He/she is a senior executive managing the financial aspects of a company.

CFO (Chief Financial Officer)

Is there anyone helping the board of directors in their leading job?

He/she is the person who provides leadership

to the board of directors. leading ability

chairperson
What other senior executive titles are there in a company?

He/she oversees the company’s daily operations.

supervises/looks after

COO: Chief Operating Officer

 What other managing titles are there in a company?

He/she is a member of a company’s board of

directors who is employed by the company He/she is a member of a
or is a stakeholder. company’s board of directors
who is not a stakeholder and
Founder. shareholder not employed by the company

inside director OUTSIDE DIRECTOR

 Who starts Bach Viet College?

It’s Mr. Bui Huu Dung.

Mr. Bui Huu Dung is the founder of Bach Viet College
A person who started a business, school …
 What is “shareholder”?
share
share

share

share

In the picture,
A person that owns
Community one or more 
is a shareholder shares
of this  in a company.
company.
Worker is a shareholder of this company.
CustomerSHAREHOLDER
is a shareholder of this company.
Producer is a shareholder of this company.
 share
share

share

share

The community, customers, workers, producers partly

own / possess shares in the company.
Possession of shares in a company in whole or in part is called

OWNERSHIP
 You have
UNITto2answer
What the question
is “corporate
- CORPORATE at the end of the lesson.
governance”?
GOVERNANCE

The process in which the stakeholders lead and manage a business

is called
CORPORATE GOVERNANCE
= the process by which stakeholders make decisions about a
corporation’s activities.
 Unit 2: Corporate Governance

Get ready!
Before you read the passage, talk about these questions.

1. what are some of the titles of corporate leaders?

2. What are their responsibilities?
Reading
2. Read the letter. Then, choose the correct answers.

Residence Solutions
1547 Larkspur Loop

Dear Stakeholders,
We write to inform you about recent changes in our corporate governance. Recently,
our CEO, Dr. Wallace Perkins, has accepted a position elsewhere. We wish him the best
in his new venture.
In his absence, Gina Williams, our CFO, served as interim CEO. The board of directors
has officially elected her CEO. The chairperson commended Ms. Williams on her strong
leadership. The inside directors voted unanimously for Ms. Williams’s appointment.
Two outside directors abstained.
Because of these changes, we are currently seeking a new CFO. The president and
vice president have put forth our COO, Linda Miller, as a candidate. The board will
consider this in the coming weeks. They are also accepting applications from outside
the company.
Those with part ownership in the company are invited on these changes in management.
Sincerely,
Residence Solutions
1. What is the purpose of the letter?
A. To request information on changes in leadership
B. To inform stakeholders of new management
C. To congratulate Dr. Perkins
D. To commend Ms. Williams on her leadership

2. Which of the following positions has NOT been filled?

A. CEO C. president
B. CFO D. vice president

3. Why has the company elected a new CEO?

A. Ms. Williams has left the company.
B. Dr. Perkins has been promoted to CFO.
C. Dr. Perkins accepted another job.
D. The interim CEO left the company.
 
Vocabulary
 
3. Match the words or phrases (1-9) with the definitions (A-I).

1 __ CEO 6 __ chairperson
2 __ elect 7 __ corporate governance
3 __ COO 8 __ board of directors
4 __ ownership 9 __ management
5 __ vice president

A. The head of the board of directors

B. A group of people that makes decisions for a company
C. The process of handling or controlling something
D. The top executive of a company
E. To choose by voting
F. The person who serves under the president
G. The process of making decisions for a company
H. The person in charge of a company’s daily operations
I. The possession of something
4. Read the sentence pairs. Choose which word or phrase
best fits each blank.

1. Outside director / inside director

A. The ______ was also the company’s CFO
B. The _____ had no other role at the company.

2. President / CFO
A. The _____ resigned, and the vice president took her place.
B. The _____ decided to invest the company’s money in oil.
 
 Inform some body of / about something
⇨ to officially tell someone about something or give them information
EX: Please inform us of any changes of your orders.
The leaflet informs customers about promotion.
= tell sb about something
- The supervisor will tell you your tasks at the first day.
= notify somebody of something 
- we will notify you of any changes in the recruiting policy.
=  advise somebody of something 
- We will advise you of any changes in the delivery dates. 
- Keep advising us of any new developments of the project.
= announce something to somebody 
- The Board of directors yesterday announced the new salary rates to
all employees. 
REWRITE THE FOLLOWING SENTENCES BUT KEEP THE MEANING UNCHANGED

1. You must tell the customers about the delivery terms before you sign the contract.
(inform somebody about something)
- You must …..
2. The payroll announced the delay payday to us. (use inform)
- The payroll …
3. The power station notifies us of the power-cut day. (use inform)
- The power station …..
 PRESENT PERFECT TENSE

EXAMPLE:
1. We haven’t seen the manager for 2 years.
HAVE + V3

2. The manager has talked to us twice.

HAVE + V3

3. The CEO hasn’t visited our office yet.

HAVE + V3
An action started in the past and continued to present,
even in the future
REWRITE THE FOLLOWING SENTENCES BUT KEEP THE MEANING UNCHANGED

1. My brother started working two years ago. (use for)

- My brother _______________________________________________
2. He started working for this factory in 2014. (use for)
- He has __________________________________________________
3. This is the first time I have read this book. (use never)
- I __________________________________________________ ____
4. The last time the manager talked to me was in June. (use since)
- The manager has ___________________________________________
5. We last saw Tom when he went to London for business. ( use since)
- We haven’t ________________________________________________
6. It’s two years since I last worked in the HR. (use for)
- I __________________________________________________ ______
7. My father started to run his own business five years ago. Now he’s still running
it. (use for)
- My father __________________________________________________