Analysis of corporate governance of Home Depot Essay

Analysis of corporate governance of Home Depot - Essay Example It has been observed that shareholders participate in sharing of the profits that the organization earns but they do not frame a part of the responsibilities being undertaken within the organizational operations. Corresponding laws have been imposed in order to limit the shareholders’ liability for the organizational activities that ultimately results in their involvement within the operational processes. It can thus be ascertained that Board of Directors of any company endures certain obligations pertaining to the decision-making process that might affect the organization in the long run in the forms of Corporate Governance. Corporate governance basically relates to the relationship of shareholders, top management and Board of Directors for designing and planning the procedures and performances of the organization (Wheelen and Hunger 43-71). 2.1 – Board of Directors. The Founders of Home Depot included Arthur Blank, Kenneth Langone, and Bernard Marcus (Wheelen and Hung er 43-71). The current board of directors includes F. Duane Ackerman, Frank Blake, Ari Bousbib, Gregory D. Brenneman, J. Frank Brown, Albert (AI) Carey, Armando Codina, Helena B. Foulkes, Bonnie G. Hill, Karen L. Katen and Mark Vadon. Correspondingly, F. Duane Ackerm has been ascertained to be serving as a part of board of directors since 2007. ... Ari Bousbib has been serving as the Director since 2007. Previously, he had served as the President of Otis Elevator Company from 2002 to 2008 and prior to this he had also occupied the position of Chief Operating Officer from 2000 to 2002. He is required to perform wide range of activities particularly concerning over-sighting information technology, supply chain and other activities dealing with developing strategies of the company. Furthermore, with his experiences in the field and dedicated expertize, Mr. Ackerman provides advance managing skills and competencies to Home Depot by handling the most complex situations efficiently (Wheelen and Hunger 43-71). Gregory D. Brenneman has been serving as the Director of Home Depot since 2000. He has showed his competencies as a business leader in many of the well-known established organizations. His involvement and expertize within the management decisions has changed the entire scenario of many organizations. Prior to this, he had served as President and member of the Board in Continental Airlines Inc from 1996 to 2001 and Chief Operating Officer from 1995-2001. He renders his valuable service in terms of general management of the company as well as delivers his expertise concerning corporate finance, marketing and international aspects of the company. He also endures expertize in the corporate finance, supply chain and international matters among others. Mr. Brenneman is currently working as the chairman of CCPM Capital Advisers. This company is a private equity firm. Furthermore, he has also been employed as a chairman and in the position of a CEO of the company TurnWorks incorporation. Moreover, in his working career, he