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

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 ...

Consider a sealed-bid second-price auction with entry fee

Consider a sealed-bid second-price auction with entry fee λ and n buyers, whose private values are independent and uniformly distributed over [0,1]. (a) Find a symmetric equilibrium. (b) What is the seller's expected rev ...

Managerial competencies fall into three major categories

Managerial competencies fall into three major categories: Interpersonal competencies (like the ability to lead a group or team), informational competencies (like serving as a spokesperson), and decision making competenci ...

Read the article how will refugees affect european

Read the article How will refugees affect European economies. http://bruegel.org/2015/10/how-will-refugees-affect-european-economies/ Provide responses to the following: • Summarize the main points of the discussion • Pr ...

First consider the following case study scenarioyou are the

First, consider the following case study scenario: You are the newly appointed PM for a major new project in your company. You just stepped in and haven't yet had a chance to analyze the project. This project has signifi ...

Write a 1-2 page essay considering whether the recent acts

Write a 1-2 page essay considering whether the recent acts involving nationalization in Venezuela and Bolivia are in conformity with recognized international standards. You may compare these acts with the expropriation o ...

Description businessscenariowanda is reviewing her tax

DESCRIPTION BUSINESS Scenario Wanda is reviewing her tax returns from the previous year and is shocked at how much tax she paid the government. She had good income, but had to pay a large amount of self-employment taxes ...

Discuss reasons for understanding the role of the project

Discuss reasons for understanding the role of the project manager, project leadership, and the project team (LO7). Discuss two types of conflict that might arise during a project. Describe a situation in which you have e ...

Design projectplease submit your completed design project

Design Project Please submit your completed Design Project. As you recall this project has four parts: 1. You will need to completely re-design the IBM logo. This is your chance to be creative. Use Word, PowerPoint, or a ...

1 consider a slotted ring of a slotted ring of length 10km

1. Consider a slotted ring of a slotted ring of length 10km with a data rate of 10 mbps and 500 repeaters. each of which introduces a 1-bit dealy. Each slot contains room for one source address byte, one destination addr ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen