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CORPORATE GOVERNANCE FOR MANAGERS
Table of Contents
Introduction    3
Duties, right, and competences of directors    3
Committee work    6
Board structure and style    7
Transparency and accountability of the company    8
Conclusion    9
References    10
Introduction
The working of an organisation can be considered as one of the areas, which can directly affect the success factor of the organisation. In this context, it can be stated that the role of the directors is very much important which help in the domain of execution of the important task of the organisation and providing a proper planning area which is linked to the factor of infrastructure development according to which the working of the organisation would be applicable.
The report would be directly focusing on the factors of working of a director and the roles and responsibility, which is attached to the working, which would be engaging the success factor of the organisation. The main area of focus would be on Dim Sum Ltd, which is an organisation that is Hong Kong based.
Duties, right, and competences of directors
Duties
There are different types of duties in which a director should be directly indulging into the working. Some of the major duties, which can be connected, to the working of directors are stated below:
· The director should be acting in good faith, which would be directly linked, to the use of the different power for a purpose of good and direct benefit for the working of the organisation as a whole.
· The director’s duty is directly linked to the factor of exercising of judgment which would be independent and it should not delegate the power except fir proper authorisation (Lind and Møller 2018).
· It should be taken care that the duty of the director should not be having any forms of conflict between the working of the organisation and the personal interest. If the interest of the director and the company comes in the same line it can directly alter the success factor of the organisation (Schwarcz 2016).
· The director should not be gaining any forms of benefit from the working of the different powers of the organisation. It should be taken care that the personal benefit area should not be linked to the sector of working of the director.
· The duty is not liable to use any forms of data or information of the company, which can be implemented in the sector of working of personal benefit area.
Right
The director in the context of working has the overall working power of the organisation. In this area, it can be stated that the main area of the execution of the different right of the directors should be towards the betterment of the working of the organisation. The main motive should be gaining of competitive advantage of the working of the organisation (Ahmad, Johnson and Storer 2015). In most of the working of the organisation, it is seen that the director directly frames up the goals and objective of the organisation according to which the employee would directly be working. In this situation, it can be stated that the execution of the different activity is planned and the director's direct manner of execution.
The protection of the company from the different forms of law related aspects and the working of the organisation according to the norms and regulation of the laws is one of the concern areas, which is linked to the right of the Director (Shahiduzzaman and Marek 2018). The director in the sector has the overall power, which is linked to the audit sector, which directly focuses on the aspect of the complained of the law in the working standard of the organisation.
In the relation to the working of the organisation, if the director feels that there should be some forms of alteration in the section of working of the organisation, the director can directly implement it in the sector of working of the organisation. This is a crucial right of the director due to the factor that the director has the overall knowledge of the working of the organisation and the change in planning can be brought into the sector due to some forms of problem or issues, which are seen in the context of the...