Questions in a case study in theCorporate Governance & Social Essay

Questions in a case study in theCorporate establishment & Social Responsibility field - Essay ExampleNone among the management should have the ultimate strength during the decision-making process (FRC, 2003)This is because when this happens, the company will have a chairman who will be the leader to the mesa making received it is effective in its roles and sets the boards agenda. He will make sure the directors have accurate, clear and timely information.Since no governance structure exists, this principle will help to enhance efficient and transparent markets, ensuring the consistency with the law and articulating clearly separation of responsibility among the management. This must be achieved byConsistent, enforce commensurate and transparent regulatory and legal requirements affecting governance should be provided. The framework should be developed to generally impact integrity of market, economic performance and promote participation (OECD, 2004).According to OECD (2004), the merged governance is expected to safeguard and facilitate the expression of shareholders rights and so by applying this principle, the extractive industry will be aiming to hurtle in place structures in order to achieve the followingFirstly, it gives the shareholders their basic rights which include but non limited to obtaining a means of ownership by registration, be able to transfer shares, be able to obtain information regarding the corporate regularly and on time, obtain participation and voting regularly on AGMs, having a say in electing and voting office bearers serving on the board and finally be able to share the profits of the corporate.Secondly, it ensures that shareholders have the rights for participation and information on key decisions affecting the corporate which could include proposals to amend the statutes, incorporation articles or any other relevant administration documents of the company, proposals to authorize excess shares and in any decisions to undert ake significantly extra ordinary transactions (OECD, 2004).Thirdly, it gives shareholders