Please enable JavaScript.
Coggle requires JavaScript to display documents.
Three Models of Corporate Governance - Coggle Diagram
Three Models of Corporate Governance
Model 1:
Carver Board Governance Model (Policy Board Model)
Stakeholders involved:
Board of directors
CEO
The board of directors and CEO are responsible for the bulk of the leadership within the company
The CEo oversees all operations and employees, the trust of the board of directors is in the CEO
The board of directors are behind the scenes
Model 2:
The Advisory Model
Stakeholders involved:
Governing board
Advisory board (Group of experts who offer advise)
A group of experts are sought out for professional counselling for the governing board
Model 3:
The Management Team Model
Stakeholders involved:
Board of Directors
The board will split into smaller groups and will oversee different areas
Audit
Risk Management
Human resources
Finance
This is seen as an efficient and effective way to use the expertise of each director by having them nurture the department they are part of
The board of directors divide and conquer their designated departments
Reference
Donohue, J. (2023). Board governance models: 5 examples of the most prominent frameworks. [online] Diligent.com. Available at:
https://www.diligent.com/resources/blog/examples-board-governance-models
.
Created by: Kayla Scott