6. The discussion paper talks about the importance of people and behaviours on board effectiveness. a. What
Question:
6. The discussion paper talks about the importance of people and behaviours on board effectiveness.
a. What do you think is meant by ‘board culture’?
b. Do you think it is important that board members behave in a professional manner to each other?
Why/why not?
c. Do you agree that diversity is an important component of a good board?
d. Why do you think that mutual respect between board members is important? What kinds of issues are likely to arise if mutual respect is lost?
e. What do you understand by the term ‘group think’, and how might it be prevented? How might a culture of
‘effective challenge’ be developed?
f. What reasons can you think of that might prevent a board working effectively as a team?
g. Is there an optimal size and composition for a board?
Explain your answer.
h. How might a board encourage ethical and responsible decision-making?
i. What kind of relationship should a CEO seek to build with the board?
Step by Step Answer:
Accounting An Introduction
ISBN: 9781488625695
8th Edition
Authors: Peter Atrill, Eddie McLaney, David Harvey, Ling Mei Cong