Corporate Governance at Wal-Mart Case Study Example | Topics and Well Written Essays - 1250 words

Corporate Governance at Wal-Mart - Case Study ExampleWal-Mart has a total of 15 directors on its plug-in. S. Robson Walton, the eldest son of founder Sam Walton, serves as Chairman of the advance, and H. Lee Scott, the foreland executive Officer, serves on the board as well. Other members of the board include Aida Alv atomic number 18z, James Breyer, M. Michele Burns, James I. Cash, Jr., Roger C. Corbett, Douglas N. Daft, David D. Glass, Roland A. Hernandez, Allen I. Questrom, Jack C. Shewmaker, Jim C. Walton, Christopher J. Williams, and Linda S. Wolf.The members of the Board of directors come from a much diversified background. Belonging to different fields and business sectors, they have gained several(prenominal) skills and aptitude. Some of them are from countries other than U.S.A. They all possess ample of experience, knowledge and due to several historic period of service, they have got several connections. All of this adds up to their profile as plus points which makes th em worth the job. Members such(prenominal) as David and Shewmaker have been serving since 1977-78 while other members that are currently on the board joined amongst the year 2003 and 2006. Mr. Allen joined in June 2007.The board members are responsible for making managing and controlling the committees for specific purposes. These committees are in-charge of several operations of the organization respectively. Their job includes controlling and managing the finances, operations and other business functions of Wal-Mart. They are very there to assist the Board of Directors in the strategic decision making process and overall steering of Wal-Mart. The members of the respective committees obligations includeTo possess full information about the financial details of the phoner.To actively polish the equity status of the company and recommend changes to have a legitimate and profitable balance of finances. reach suggestions to the board regarding the financial and global policies, th e equity structure, the acquisitions and other matters.Perform an analysis of the financial position of the company and recommend attainable goals respectively.Regular review of the major projects.Constant relationship management with its financial partners such as banks and other financial institutions.Making suggestions regarding the financial statements, the dividends and the companys budgets.The committee therefore serves as an advisory dust and acts as a representative of the board in the process of strategic decision making and its prospering implementation by controlling the overall operations of the company.The top management group of the company includes the board of directors. Apart from them others senior officers along with their respective designations are1. Eduardo Castro-Wright Executive offense President and President and Chief Executive Officer, Wal-Mart Stores Division 2. M. Susan Chambers Executive depravity President of People Division 3. Patricia A. Curran E xecutive Vice President, People, Wal-Mart Stores Division 4. Leslie A. Dach Executive Vice President, Corporate Affairs and Government Relations 5. Linda M. Dillman Executive Vice President, risk of exposure Management, Benefits and Sustainability 6. Michael T. Duke Vice Chairman, International Division 7. Johnnie C. Dobbs Executive Vice President, Logistics and Supply Chain 8. John E. Fleming Executive Vice P