掃碼下載APP
及時接收考試資訊及
備考信息
ACCA P3考試:The Role of Non-executive Directors
1. Non-executive directors
Non-executive directors (“NEDs”) should be independent of influences from company executives. Directors have a legal duty to act in the best interest of a company but that does not mean they will always do so in an objective way.
2. Threats to independence may occur where a director:
was a former employee of the company within the last five years;
was paid additional money (apart from the director's fee) by the company;
has very close ties with the company's other directors;
has had a material business relationship with the company in the past three years;
has been a member of the board for more than 10 years;
is a major shareholder;
holds too many non-executive directorships in various companies and might not be able to devote enough time to the tasks in hand.
3. NEDs have four main roles:
3.1. Strategy: "As part of their role as members of a unitary board, NEDs should constructively challenge and help develop proposals on strategy”.
The strategy role recognises that NEDs are full members of the board and thus have the right and responsibility to contribute to the strategic success of the organisation for the benefit of shareholders. The enterprise must have a clear strategic direction and NEDs should contribute considerable life and business experience to ensure sound strategic planning. In this role they may challenge any aspect of strategy and offer advice or input to help develop successful strategies.
3.2. Scrutiny: "They should scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting of performance …”.
In the scrutinising performance role, NEDs are required to hold executive colleagues to account for decisions taken and company performance achieved. NEDs represent the shareholders' interests against the possibility that agency issues arise that could reduce shareholder value.
3.3. Risk: "They should satisfy themselves on the integrity of financial information and that financial and risk management controls are robust and defensible”.
The risk role involves NEDs ensuring that the company has an adequate system of internal controls and systems of risk management in place. This is often informed by prescribed codes (e.g. the Turnbull guidelines or the COSO framework) but some industries (e.g. chemicals) have other systems in place, some of which fall under ISO standards. In this role, NEDs should satisfy themselves on the integrity of financial information and that financial controls and systems of risk management are robust and defensible.
3.4. People: Boards should consider assigning a sufficient number of non-executive board members capable of exercising independent judgement to tasks where there is potential for conflict of interest. Examples of such key responsibilities are financial reporting, nomination and executive and board remuneration.
The people role involves NEDs overseeing a range of responsibilities with regard to the management of the executive members of the board. This typically involves issues on appointments and remuneration, but might also involve contractual or disciplinary issues and succession planning. Increasingly, companies are using an appointed NED as a confidential channel through which the concerns of whistle-blowers may be reported.
Copyright © 2000 - m.electedteal.com All Rights Reserved. 北京正保會計科技有限公司 版權所有
京B2-20200959 京ICP備20012371號-7 出版物經營許可證 京公網安備 11010802044457號
套餐D大額券
¥
去使用 主站蜘蛛池模板: 成人av日韩| 国产欧美日韩综合精品一区二区 | 国产精品成av人在线视午夜片 | 国产欧美日韩 | 成人免费视频观看视频 | 国产网站在线播放 | 亚洲日本va中文字幕 | 亚欧美日韩 | 成人精品一区二区三区 | 欧美日韩激情在线一区二区三区 | 国产女人夜夜春夜夜爽免费 | 成人福利视频在线 | 免费av在线网站 | 国产精品毛片久久久久久久 | 99久久国产综合精品女不卡 | 91视频国产一区 | 精品自拍视频 | 三级久久 | 国产理论一区二区三区 | 欧美久久久久久久久久 | 国产精品一区二区视频 | 日韩精品久久久久久 | 欧美三级电影在线 | 中文字幕自拍 | 免费视频一二三区 | 亚洲一区二区成人 | 国产一区二区三区免费视频 | 国产日韩欧美视频 | 日韩欧美在线视频一区二区三区 | 久久99精品久久久久久久 | 91精品国产91综合久久蜜臀 | 99精品视频一区二区 | 国产91精品久久久久久久网曝门 | 爱爱视频在线观看 | 国产精品呻吟久久av凹凸 | 午夜精品影院 | 欧美日视频 | 综合激情久久 | 99亚洲精品 | 少妇一级淫片免费看 | 黄色一级片在线 |