Corporate Governance Assignment Example | Topics and Well Written Essays - 500 words - 1

Corporate Governance - Assignment ExampleThe firing style of the companies in the past can be described upfront as high-profile dismissals (Feintzeig 2). At present, almost all the companies satisfy fulfilment in declaring to the world that they dismissed an official. This is a way that the board can translate that it is perk up and willing to exercise its rights in ensuring that the company attains its goals and objectives. Fillings presented to the Securities and Exchange Commission by companies have many cases of CEIO terminations (Feintzeig 3). Companies atomic number 18 coming out declare that they are terminating the services of CEOs and are giving the reasons for doing so. For instance, the murmur of Yahoo Inc. was fired recently because the board and the Chief Executive Officer felt that the company did non need him. All this terminations seem to come after disappointing results and accounting problems such as the cycles/second Global Holdings where the CEO, Frissora, was fired (Feintzeig 2).The firing of the CEOs is presently seen as a way to show that the board of directors cares about the interests of the shareholders. Though sometimes the company may try to conceal the reasons for an executives firing or resignation, they increasingly give suggestions on what exactly happened (Feintzeig 3). Therefore, the board of directors is responsible for the progress of the organization and the shareholders too.An executive is fired for cause when he or she is guilty or perpetrates serious offences that affect the progress of the company. In this case, the fired executive loses his or her right to compensation. On the other hand, an executive is fired without cause when he or she is fired without having done any serious offence that affects the company progress or without any reasons or forced to resign by the company. In this case, the executive has the right to compensation and can claim larger packages (Feintzeig 4).The stigma of being fired has chan ged over time. In the recent past, it was deemed as harmful to a