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

Corporate Governance at Wal-Mart - Case Study caseWal-Mart has a total of 15 directors on its carte du jour. S. Robson Walton, the eldest son of founder Sam Walton, serves as Chairman of the Board, and H. Lee Scott, the Chief Executive Officer, serves on the board as well. Other members of the board include Aida Alvarez, 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 handle and business sectors, they have gained several(prenominal) skills and aptitude. Some of them are from countries new(prenominal) than U.S.A. They all possess ample of experience, knowledge and due to several years of service, they have got several connections. All of this adds up to their profile as plus points which makes them worth the job . Members such as David and Shewmaker have been serving since 1977-78 while other members that are currently on the board joined between the year 2003 and 2006. Mr. Allen joined in June 2007.The board members are responsible for fashioning 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 actually there to assist the Board of Directors in the strategic decision making process and overall management of Wal-Mart. The members of the respective committees obligations includeTo possess full information about the financial details of the company.To actively review the equity precondition of the company and recommend changes to have a legitimate and profitable balance of finances.Make suggestions to the board regarding the financial and global policies, the equity structu re, the acquisitions and other matters.Perform an epitome 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 body and acts as a representative of the board in the process of strategic decision making and its successful 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 older officers along with their respective designations are1. Eduardo Castro-Wright Executive Vice President and President and Chief Executive Officer, Wal-Mart Stores Division 2. M. Susan Chambers Executive Vice President of masses Division 3. Patricia A. Curran Executive Vice President, Pe ople, Wal-Mart Stores Division 4. Leslie A. Dach Executive Vice President, Corporate Affairs and Government Relations 5. Linda M. Dillman Executive Vice President, Risk Management, Benefits and Sustainability 6. Michael T. Duke Vice Chairman, foreign Division 7. Johnnie C. Dobbs Executive Vice President, Logistics and Supply Chain 8. John E. Fleming Executive Vice P