| The Fall Guy  | | | |  When something goes wrong at a corporation they always look for a sucker to take the fall. And so it happened in good old 'Malaysia Bolehland' last fortnight. The President and CEO of the largest plantation company in Malaysia was forced to vacate.
Some people said it was impossible for him alone to make bad decisions of cost overruns into the hundred of millions.Many felt he was wronged.
The chorus is getting louder for the entire Board to take the fall for bad decision making. Obviously no one wants to go. They say they would only do so if there is evidence to prompt them to do so. That will certainly be a long while for them to have to say their long good-byes.
Do you think the whole Board should take the responsibility and resign while the enquiry of wrong-doing is being carried out?
| | | | | | | | | | International Business Look at International Business Opportunities for Your Needs Now www.supergreeadvice.com
| Top Business Schools Find Top Business Programs that Train You For High Paying Careers! www.Business.ClassesUSA.com
| Commercial Cleaning Biz Free Start Up Info, Business Advice, Professional Bid Proposals. www.businessformsstore.com
|
| | | | | | | | | | |
| 1.  narayan2006 (1486)
|
2 years ago
| |  The failure of a corporation is largely contingent up on strategic leadership of the CEO who is fully accountable to the Board. Further,his decision is to fully recognize the broad corporate policies and business model approved by the Board. The effectiveness and efficiency of his/her decision needs to consider all environmental factors of uncertainties and design effective and remedial measures. The board being accountable to all the stake holders including the investors community should conduct impartial and rational inquiry by engaging a well qualified and approved agency or institution of high standard. It is the supreme responsibility of the BOARD.
| | | | | | | | | | International Business Look at International Business Opportunities for Your Needs Now www.supergreeadvice.com | add comment | | | |
| | 2. advokatku (3014)
|
2 years ago
| |  in law regarding corporate, there known about responsibility jointly and severally, which means that if the acts of a Director can be accepted by shareholders, the act was tied to the company and its managers in law, the board here is indeed the result also for the commissioners
| | | | | | | | | | Top Business Schools Find Top Business Programs that Train You For High Paying Careers! www.Business.ClassesUSA.com | add comment | | | |
| | | Local Coupons 1 ridiculously huge coupon a day. Save 50-90% on your city's best! www.Groupon.com
| Banking Business Plan Increase your funding success by 200%. Expert MBA plan writers! www.wisebusinessplans.com
| Get Paid Daily Fortune 500 Companies Need Help Processing Free Product Trials. www.MyPartnerInProfit.com
|
| | | | | | | | | Local Coupons
1 ridiculously huge coupon a day. Save 50-90% on your city's best!
www.Groupon.com | | | Banking Business Plan
Increase your funding success by 200%. Expert MBA plan writers!
www.wisebusinessplans.com | | | | | |
| |
