MG 495 Unit 2 Discussion

MG 495 Discussion Week 2 1. From Chapter 2: What recommendations would you make to improve the effectiveness of today's boards of directors? According to the text, the role of a board of directors is to strategically manage a corporation by monitoring developments inside and outside the corporation, evaluate and influence management proposals, decisions and actions, and initiating and determining the corporation’s mission and strategies. To improve a board of director’s effectiveness is to accomplish their work through committees. The committee’s don’t have any legal duties but do act on the authority of the board between board meetings, despite not have any legal duties. There are typical standing committees such as audit, compensation, nominating, corporate governance, stock options, director compensation, and executive (Wheelan, Hunger, Hoffman, & Bamford, 2010, p. 54).