Description
1. The IIA's Code of Ethics vs. The standards: Which one should be followed more closely and why?
2. Please describe and discussion the relationship between a company's business model and its governance structure.
3. Discuss how independent is demonstrated in governance structure? For example, why does a company need independent outside directors?
Please answer the three discussions "each one alone", around 150 word each.
Explanation & Answer
Attached.
Running head: INDEPENDENT OUTSIDE DIRECTORS
Independent outside Directors
Student’s Name
Professor’s Name
Course
Date
1
INDEPENDENT OUTSIDE DIRECTORS
3. Discuss how independent is demonstrated in governance structure? For example, why
does a company need independent outside directors?
An organization’s governance structure includes a hierarchy of different individuals who
play strategic roles in an organization. The people categorized in the structure are the board of
directors, chief executive officers, managers, supervisors, and representatives of various
departments in the organization. The powerful positions that the key figures get allow them to
perform tasks independently meaning that they establish unique ways of accomplishing their
tasks with less supervision. However, there is another way which independent is demonstrated in
the governance structure whereby there are independent outside directors selecte...
