Busn 210 – Jack Wright Series – Essay – Carman Chiu
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Busn 210 – Jack Wright Series
BUSN 210Jack Wright Series #4Carman ChiuIntroduction:The Jack Wright series 4 talks about the underlying issues within the organization that had arised after Jack had joined the organization. The board consisted of many issues which include risky hedging strategy, lack of discussion at the board meetings, timelessness of meeting agendas, capital expenditure brought to the board, and key performance date not delivered to the board.problemThe main issue in the case is how does the board maximize the effectiveness through fiduciary strategic and generative practices? through evaluation and thorough consideration we believe that the board lacks effectiveness and stratgies used to stirke any issues and or problems that may arise during the operation of the organization. The systematic system the board uses it old style, and revolves around the chairmans personal work methods: therefore lacking the fiduciary stratgies needed when commencing solutions for the organization.Analysis: #1 internal auditthe board lacks in many aspects and internal auditing is one of them. if internal auditing can be implemented, it will allow for easy and efficient methods to identify risk (hedging, SOX) #2 regular board/board processregulating the board memebers and the creating their own respective roles while creating challenge to keep a competitive advantage. board processes include all nessecary precautions and things that needed to be done when active. this includes keeping track of the agenda, discussion, timelyness and information that is shared amongst the board.ALTERNATIVES: #1 mega corporation implements and incremental change to the governance process Рto determine basic rolds & repsonsibilities of the board-to develop basic process required of the board of directorspros:easy to implement cost effectiveface less resistance by current boardcurrent board would be better able to handlecons:may not have any buy in the COB & the board current problems and issues of the company do not seem to phase the BOD to improving the governance processALTERNATIVES #2

mega corporation should implement a complete overhaul of the governance structure and process-determine basic roles & responsibilites of the board-develop basic processes required of the board of directores-develop charters for cimmittees-develop rols & responsibilites for committees-develop basic processes required for the committessPROS:the company badly needs to completely reform the whole governanve prcess to better meet the pressing needs of the company the changes would result in more substantive improvements in the results of the organization the market and the company will see that the BOD is trying to better deal with the current problems of the company.CONS:the board may not be able to deal effectively with all the changes proposed. the board may not buy in with all the chnaged required this will be more costly and time consuming to implement the board may not have thatmuch time to really deal with the amount of change required.Recommentdation:         We recommend that the BOD should do a slow process of seeking out the problems that lie within the BOD and the responsibilities they bare. Develop a  process to work against problems that have arised and come up with solutions for future reference and seek feedback on what could be done better.

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(2016, 02). Busn 210 – Jack Wright Series. EssaysForStudent.com. Retrieved 02, 2016, from
“Busn 210 – Jack Wright Series” EssaysForStudent.com. 02 2016. 2016. 02 2016 < "Busn 210 - Jack Wright Series." EssaysForStudent.com. EssaysForStudent.com, 02 2016. Web. 02 2016. < "Busn 210 - Jack Wright Series." EssaysForStudent.com. 02, 2016. Accessed 02, 2016. Essay Preview By: Carman Chiu Submitted: February 4, 2016 Essay Length: 867 Words / 4 Pages Paper type: Essay Views: 311 Report this essay Tweet Related Essays Frank Loyd Wright frank lloyd wright By: john Dell "having a good start, not only do I fully intend to be the greatest architect who has yet lived, 1,825 Words¬†¬†|¬†¬†8 Pages Jack Kerouac. American Revolutionary Jack Kerouac When initially venturing to find the perfect person for this report, I first looked at some very interesting people. I found most of 1,124 Words¬†¬†|¬†¬†5 Pages Frank Lloyd Wright Frank Lloyd Wright Frank Lloyd Wright was born as Frank Lincoln Wright in Richland Center in southwestern Wisconsin, on June 8, 1867. His father, 825 Words¬†¬†|¬†¬†4 Pages Frank Lloyd Wright Frank Lloyd Wright Frank Lloyd Wright was born as Frank Lincoln Wright in Richland Center in southwestern Wisconsin, on June 8, 1867. His father, 825 Words¬†¬†|¬†¬†4 Pages Similar Topics Poem Analysis Judith Wright Jack Ripper Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up ¬© 2008‚Äď2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter

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