CORPORATE GOVERNANCE | composition of the board of directors | apex | organogram |organization csme

CORPORATE GOVERNANCE | composition of the board of directors | apex | organogram |organization csme | the composition of the board of directors | at the apex of the organogram or structure diagram of the organization you are going to find a man or a woman called or titled the chairman the chairman of the board usually it should be non-executive but it could be executive too but it is best practices that the chairman should be non-executive director also the board of directors comprised of a deputy chairman an organization could have and may not then will be talking of the executive officer the ceo popularly called then we'll be talking about other executive directors and when we are talking about the executive it simply means they idea at work on daily basis executives are always on the ground and around then part of the composition of the board is non-executive directors so a board comprised of the chairman the deputy chairman the executive officer or chief executive officer then we have executive directors we have non-executive directors and for balancing it is good that these people have different backgrounds exposure experience independence knowledge of varieties when it comes to business management and the business world the directors should be able to allocate also sufficient time to their duty especially the non-executive directors they must ensure that they will be able out of their business business schedule a lot good amount of time to their role in any board of director in which they are members

the board of directors should not be too big it is in best practices that the board of directors should not be too big reason being that so that they will be able to manage resources and

as much as is good when so many people are together but it can slow down decision making so in order for this not to happen or to often in occurrence is good that we stay within the zone of best practices usually the board should start with like five people there should not be more than 15 people minimum of five membership to the maximum of 15 persons best practices the uk corporate governance code states that the board should not be so large to be on wild so best practices we should not be too large in the composition of the board let us go to singapore in singapore the board should examine its size is part of the code that the board should examine its size with a view of determining the impact of the number of people upon the effectiveness of their decision making this decide on what it consider an appropriate size for the board so see that generally best practices is that the board should not be too too large