The Board of Directors and the Executive - Essay Sample

One of the recommendations includes hiring of the board to enhance the self-evaluation and proper corporate engagement. Within the leadership of the corporate setup, there needs to be an effective application of professionalism and ethics that help in the substantial delegation and delivery of services. The hiring of able boards helps in effective assessment of the corporate governance that keeps productivity high and levels the degree of service (Kim 2017, p. 578). In the process of the existence of the board of directors, there is proper work evaluation that makes delivery of services scaled to high standards that help in improved productivity.

Second to that is the importance of hiring the competent board and the executive through proper publications. Publications are effectively used to do proper marketing in corporate leadership. Through the presence of publications, the hiring of the board is made easy, alongside that is the active assessment of the workmanship within the management structure (Ellwood 2016, p. 1140). Within the postulates of the corporate governance, the role of the board helps in the effective relegation of the corporate involvement in a company. In the long run, through publications, the entire organizational framework is boosted, hence, growth and development.

Finally, the issue of the board of directors, helps in viable training within the corporate leadership that boost skills of the workforce and improves workmanship. Such programs of training include frequent seminars and workshops that sharpens the levels of the craft of the employed (Bhasin 2016, p. 18). Consequently, the level of service delivery within a corporate environment is boosted. Ultimately, the objective of the corporate is achieved alongside the overall terms of service charter. Through regular seminars under the watch of a proficient board ensures the level of artistry of the task force is scaled. The level of corporate governance in any setup lies at the helm of the existing board and the executive that provides the right machinery for the favorable work environment.

Audit Committee

One of the critical requirement of an assembly that is tasked with the work of auditing within the corporate governance is the presence of professional qualifications. Employees and those viable to evaluate the audit report should be professionals and specialists with the needed level of expertise (Mohamed 2017, p. 108). Precisely, the employee should be in possession of a certification like the presence of a Certified Public Accounts professional document. In the long run, there is the certainty the task force is within the ethical requirements and competent enough. With such documents, the organization is confident that the employed will deliver effectively and provide very accurate and precise information. Within the confinements of corporate governance, the element of ethics and top notched level of professionalism fall into place. All the hired must be qualified and be able to discharge up to the standards delivery of services of auditing. Auditing needs very sharp and accurate level of evaluation. Significantly, such professional documents need to be a requirement during the hiring process. In the long run, trusted auditing can carry on with convenience and precession.

Second, to that involves the level of experience within the hired to establish a favorable degree of workmanship. The employed need to have a successful audit history that gives the corporate engagement the confidence to place the hired in the audit section (Kim 2017, p. 580). Alongside experience, there needs to be a high level of financial muscling among the hired to keep off the tendency of corruption through theft of funds. Strong financial ability within the hired helps the audit exercise safe from elements of embezzlement of the limited resources. Within the confinements of the exercise of audit in the corporate environment, the level of a track record of the viable auditors is critical alongside their level to have the great financial ability to curb underhand dealings.

Third to the audit exercise, those hired need to be free from the duties of the executive to make them work independently (Ellwood 2016, p. 1150). Independence of auditors is critical and helps in the free delivery of service without any influence that would corrupt the workmanship. Auditors need to be free from the powers of the executive to make them thrive effectively in their auditing exercise. In the long run, they are not affected by other executive duties that tamper with their discharge of duties. Corporate requirements are that the employment of auditors is done such that their workmanship entirely lies within the auditing exercise and not any executive delegations. Ultimately, the overall performance of the auditors comes out perfect and effective without interference from the executive mandating.

Finally, on the audit hiring, there needs to be a very stringent measure that makes the corporate engagement ethical. At the center of corporate governance, there are the listed statutory legal requirements that need to be abided by all individuals and companies who engage auditors. Auditing exercise needs to be precise and effective to produce very accurate results that help in the effective analysis of corporate engagement (Bhasin 2016, p. 20). Corporate governance is professionally bound that needs to operate within the confinements of proper legislative dispensation. In actual achieving of proper auditing outfits in the corporate exercise, the human resource management needs to be effective in the deployment of the task force. Failure to establish a strong department of human resourcing, the corporate leadership ceases to be meaningful. In the long run, auditing fails to meet the standards and proper evaluation and accurate assessment of the organization is not actualized. The process of auditing alongside hiring of the board and the executive is rigorous and requires ethical and professional considerations in corporate governance.

References

Bhasin, M.L., 2016. Strengthening Corporate Governance through an Audit Committee: an empirical study. Wulfenia Journal, 23(2), pp.2-27.

Ellwood, S. and Garcia-Lacalle, J., 2016. Examining audit committees in the corporate governance of public bodies. Public Management Review, 18(8), pp.1138-1162.

Kim, S.L., Teo, T.S., Bhattacherjee, A. and Nam, K., 2017. IS auditor characteristics, audit process variables, and IS audit satisfaction: An empirical study in South Korea. Information Systems Frontiers, 19(3), pp.577-591.

Mohamed, W.M.H., 2016. Corporate Governance Practices of the Middle East Banking Sector: A Comparative Analysis between Islamic and Conventional Banks. Journal of Finance, 4(1), pp.99-111.