Directors responsibility Coursework Example | Topics and Well Written Essays - 1000 words

Directors responsibility - Coursework ExampleAnother notable aspect is that the venire acts as the epicentre of the organization and it links the investors and the individuals responsible for implementing the policies that make their respective organizations tick as easy as ensuring accountability. Thus, incorporate governance in this case refers to rigorous supervision of the management of a come with it means ensuring that business is done competently, with integrity and with due regard for the interests of all stakeholders, (Institute of Directors, 2014). Simply put, the Institute of Directors (2014) in addition posits to the effect that corporate governance relates to a combination of the following factors legislation, non-legislative codes, self-regulation and best practice, structure, culture, and board competency.The operations of motley organizations specially in the UK are guided by the legal framework obtaining in that particular country. such constabularys are des igned to protect the interests of different stakeholders with an interest in a business entity. McGregor (2000) aptly suggests that that corporate governance is practiced at different levels and the law is specifically designed to protect the interests of all the stakeholders involved. Duplessis (1999) concurs with this argument when he states that the law overrides all individual interests. In as far as Company law is concerned in UK, it can be seen that the board of AstraZeneca acted in accordance to the laws. According to Company fair play Solutions Limited (n.d), the directors have such powers as are conferred on them by the articles of the company which are especially based on the Model Articles (companies registered post 1.10.2009. This is promulgated by the Companys Act 2006 which tho stipulates that the business of the company shall be managed by the directors who may exercise all the powers of the company....