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94逢考必过 · 2024年09月23日

A和C不是也正确么

NO.PZ2023040402000047

问题如下:

John is a consultant specializing in corporate governance issues. He is evaluating the effectiveness of the board of Style Worldwide, a global clothing retailer.

Style has a one-tier board structure, with the CEO serving as the chair of the board. Of the 10 board members, 4 are executive and 6 are non-executive (i.e., independent). The executive board members have all served on the board for more than 25 years, while the non-executive members’ average tenure is only 3 years.

which of the following board considerations is most consistent with effective corporate governance for Style?

选项:

A.

Board of Directors Structure

B.

Board Independence

C.

Board Skills and Experience

解释:

A is incorrect. When evaluating board structure, investors consider whether the organization and structure of the board provide sufficient oversight, representation, and accountability to shareholders. The structure of Style’s board is one-tier, with the CEO also serving as chair of the board. This CEO duality may raise concerns that the monitoring and oversight role of the board may be compromised.

B is correct. Style’s board is comprised of 10 members, 6 of whom are independent. The presence of a majority of independent directors is a positive aspect of corporate governance.

C is incorrect. An issue related to skills and experience is board tenure. The executive board members have all served on the board for at least 25 years, which is a long tenure for board members. According to many corporate governance codes, a board director’s tenure is considered long if it exceeds 10 years. Long-tenured board members could become controlling, self-serving, or resistant to the introduction of new practices or policies that may be beneficial to stakeholders. This situation is especially troubling due to the fact that the non-executive board members’ average tenure is only 3 years.

A和C不是也正确么

1 个答案
已采纳答案

Kiko_品职助教 · 2024年09月23日

嗨,爱思考的PZer你好:


A和C确实也是有效的公司治理该考虑的。但这道题问的是针对Style这家公司的董事会情况,哪一个能说明这家公司公司治理是有效的。要结合题干描述来看。

A 说董事会结构,Style 的董事会结构是单层的,首席执行官也担任董事会主席。这种首席执行官兼任董事会主席的情况可能会引发人们对董事会的监督和监督作用可能会受到损害的担忧。所以A是错误的。

C 说董事会技能和经验。与技能和经验相关的一个问题是董事会任期。题干说这家公司的执行董事在董事会的任职时间至少为 25 年,这对董事会成员来说是一个很长的任期。根据许多公司治理准则,如果董事会董事的任期超过 10 年,则被认为是长任期。长期任职的董事会成员可能会变得控制欲强、自私自利,或者抵制引入可能对利益相关者有益的新做法或政策。所以C也不能选。

B说的是董事会独立性,这个是明显正确的。Style 的董事会由 10 名成员组成,其中 6 名是独立的。多数独立董事的存在是公司治理的一个积极方面。所以正好符合公司治理有效性这点。

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