Mb601 Strategic Management

Strategic Management: Improving Effectiveness of Board of DirectorsDISCUSSION QUESTION 1-2MB601 Strategic ManagementLesson 1: Strategic Management and GovernanceDiscussion Question 2 (50 points)Describe at least six (6) recommendations that you would make to improve the effectiveness of today’s boards of directors. Explain your rationale for the recommendations by discussing how your recommendations would improve the performance of the boards and the companies they oversee. Then give your opinion as to which of these would be the most important recommendation and justify your opinion. (50 points) (A 2-page response is required.)Grading RubricPlease refer to the rubric below for the grading criteria for this assignment.IntroductionA corporation is an entity whereby shareholders or investors contribute capital, expertise, and labor for their mutual benefit in dividends and stock price increases, without taking direct responsibility in its operations. The laws limit shareholders' liability and involvement in a corporation's management. However, they have the right to elect boards of directors who have a legal duty to represent them and protect their interests. Boards are entrusted with both the authority and responsibility to establish necessary corporate policies and ensure that they are followed for the best governance. This paper aims to describe six recommendations that could improve the