Essay on The Responsibility Of The Corporate Executive

720 Words Apr 18th, 2016 3 Pages
This essay will discuss the responsibility of the corporate executive and where it lies. We will see if he is accountable to the shareholders, as well as the community. The responsibility of the corporate executive general lies in maintaining the company standards. He’s primarily accountable to the community, well also being accountable to his shareholders and the company. It’s his job as the corporate executive to place policies and practices in motion to keep the company strong and honest. By doing thing he is ensuring that the company can continue to succeed and remain operational. The laws in effect are enforced by the corporate executive, leaving him accountable for the exercise of the powers and duties of the corporation of the daily operations that aren 't usually overseen by the board. The corporate executive additionally ought to be accountable for all personnel within the company aside from the people that are above him. The laws ought to also state that the corporate executive should have an influence over himself, not just the board. Corporate executives tend to have so much power that it becomes hard to understand which lines shouldn’t be crossed. Once these said lines are crossed, companies sometimes endure large scandals and suffer through the loss of some business. The corporate executive will have to answer for a number of the choices he makes to the board. The board helps the corporate executive to make the major choices that the company must…

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