Answer the following: (iv) Should there be an indcution programme for Directors ? Discuss.

CS Professional · Ethics, Governance and Sustainability · PYQS · December 2017
Answer the following: (iv) Should there be an indcution programme for Directors ? Discuss.

Answer & Explanation:

Yes, induction programme is must for directors. Directors must have a broad understanding of the area of operation of the company's business, corporate strategy and challenges being faced by the Board. A formal on-boarding program for new directors would be most helpful in getting new board members up to speed quickly and enabling them to contribute sooner. It involves building rapport, trust and credibility with the other directors so that the new director is accepted by and can work with fellow directors.

Topics: Corporate Governance

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