Role Of Corporate Governance Of Apple Company

Corporate Governance of Apple Company

a) Board of directors

A board of directors is a group of individuals that are elected as representative of the stockholders to establish corporate management related policies and to make decisions on major company issues that might affect the long term performance of company.

The organization with the voting members usually chooses the members of the board. In a stock corporation, the board is elected by the shareholders and they have the highest authority in the management of the corporation. In a non-stock corporation with no general voting members, the board is the highest governing body of the institution; its members are sometimes chosen by the board itself.

There are several responsibilities of

Many of them have senior leadership experiences at major multinational and domestic companies. In these positions, they have gained important and different management experience. For example strategic and financial planning, public company financial reporting, risks management, compliance and leadership development. Many of them also have experience serving as executive officers, or on boards of directors and board committees of other public companies, and have an understanding of corporate governance practices and trends. For other directors have experiences as directors or trustees of significant academic, nonprofit, research and bring the unique perspectives to the

They are hold a specific executive power conferred onto them with and by authority of the board of directors and/or the shareholders and they also focus on managing the senior or executive management instead of the day-to-day activities of the business.

As we can see, the founder and former CEO late Steve Jobs had developed the organizational structure as hierarchical in Apple organizational in order to ensure the focused realization of his innovative ideas and clear vision for the business. When the leadership role changed to Tim Cook as CEO from Steve Jobs on August 2011, he has changed Apple organization structure to a certain modifications. Mr. Cook embraced the decentralization of decision making to a certain extent in order to encourage creativity and innovation at various levels. However, the structure remains to be largely hierarchical.

The top management’s structure of Apple Company for high level

This is the list of top management’s name of Apple Company in high level:

NAME POSITION

TIM COOK CEO

ANGELA AHRENDTH Senior Vice President Retail and Online