Discuss three traditional roles of the board of directors. Also, identify and discuss the most urgent governance issue impacting your team company’s board – what are they doing to manage this important issue?

A. 1. Setting corporate strategy, overall direction, mission, or vision

2. Hiring and firing the CEO and top management

3. Controlling, monitoring, or supervising top management

B. Sony has announced that its chief executive Sir Howard Stringer is to step down from the job in April, to be replaced by vice president Kazuo Hirai. Stringer will stay on as Chairman.

Explanation:

A board of directors is a group of individuals who mutually oversee the exercises of an association, which can be either a revenue driven business, charitable association, or an administration organization.

The board of directors key purpose is to guarantee the organization's flourishing by on the whole coordinating the organization's undertakings, while meeting the fitting interests of its investors and partners. The executive of the board is frequently observed as the representative for the board and the organization.