Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

Reliance is one of the pioneers in the country in implementing the best international practices of corporate governance.

The board of directors at reliance periodically reviews its composition for making sure a strong element of independence and commitment. The directors are elected by the shareholders. However the board plays a significant role in the selection of candidates for shareholders approval.

Roles and Responsibilities of Board and Management:

The board’s roles and responsibilities comprise establishing an efficient method for overseeing the affairs, keeping in view the company’s size, complexity, geographical operations and corporate tradition and culture. The Reliance’s framework is designed to:

a) Enable the board to give strategic guidance for the management.

b) Define the respective roles and responsibilities/duties of senior executives to make sure accountability and

c) Make sure a balance of authority such that no single individual has unfettered powers. To make sure the truthful and factual presentation of its financial position, the company has put in place a strong internal audit process. The board has as well constituted an audit committee, which is responsible to the external reporting, performance and objectivity of the internal audit function and independence of the external auditors.

To make sure long-term shareholder value creation and to promote shareholder participation in corporate affairs, reliance has established and maintained communication strategies, comprising a policy for clarity in notices of meetings. Reliance as well maintains its corporate website for convenient access by the shareholders to all the information regarding the company.

The company has adopted a remuneration policy which attracts and maintains talented and motivated executives so as to encourage improved performance of the company. The remuneration policy envisages a clear relationship between performance and remuneration, comprising the link between remuneration paid and the overall corporate performance.

problem: Describe the link between board of directors and corporate governance practice in Reliance.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M94945

Have any Question? 


Related Questions in Business Management

Project management assessment questionsq1 why is cost

Project Management Assessment Questions Q1: Why is cost estimation such an important component of project planning? Discuss how it links together with the Work Breakdown Structure and the project schedule. Q2: Would you ...

The introduction to week onedescribes four different ob

The introduction to Week one Describes four different OB models of managers and leaders: the Autocratic Model, the Custodial Model, the Collegial Model, and the Supportive Model. Research, analyze, and explain how the fo ...

Partnbspselectnbspa global or multi-regional does business

Part:  Select  a global or multi-regional (does business in more than one country) company and one of its products or services that will serve as the basis for your marketing plan. You should obtain two years of annual r ...

Assignment onesearch the internet for groups and

Assignment ONE Search the Internet for groups and organizations promoting racial equality. Use the information from the textbooks and your web search to complete this assignment. Identify one racial group from the list b ...

Hello can someone assist me with an example of a project

Hello, Can someone assist me with an example of a project that you have heard of or you can just provide your opinion on what you think might be some of the causes of failed projects. Base your responses on the phases of ...

How has consumer debt changed over the past few generations

How has consumer debt changed over the past few generations? Please include stats.

A report on abcs good morning america show on august 13

A report on ABC's Good Morning America show on August 13, 2014 reported on "Getting ahead in the workplace" and addressed the question of, "Should Women be Sports-Savvy". It focused on the point that for women to be able ...

In hiring a prospective employee there are legitimate

In hiring a prospective employee, there are legitimate reasons for not hiring someone. For example, the prospective employee may not meet legal requirements (i.e., he or she is a minor and cannot complete the tasks of th ...

The market for spring rolls springnbspperfectly competitive

The market for spring rolls spring perfectly competitive, and the price of a spring rolls $3.503.50. The labor market is competitive, and the wage rate is $126.00 a day. The table shows the workers' total product schedul ...

Profit maximizing input demandconsider a competitive firm

[Profit maximizing input demand] Consider a competitive firm with the following profit functionΠ = R-C = PQ-wL-rK,whereP = Price of the outputQ = OutputL = Labor inputK = Capital inputw = wage rate for labor inputr = ren ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro