Assignment #3 - The Board

Please ask your questions or share your comment and research regarding Assignment #3 here.

Assignment #3 - Benefits and Risks of the Roles

Hi,

For one of the criteria of the asisgnment, we are asked to identify the benefits and risks of the roles of both the director and advisor. I am not quite sure of what that means. Is it referring to the benefits and risks of hiring those professionals or the benefits and risks for them to participate in those two particular roles?

Also, are we allowed to merge the academic and practical sides of the assignment into one? For example, after you have mentioned how the board members should be selected in a company, you later put how your team will select the board members?

Thanks!

Risks and Benefits

I am looking to see that you understand the risks and rewards from the perspectives of the board member and the CEO. 

As part of your project, you (the CEO) may go out into the business community to find people with skill sets you need in your business.  What should you be aware of when assembling a board for your business?

Either during this class or later, you (the prospective board member) may be asked to join a professional or volunteer board.  What should you be aware of before you agree to join the board?

You may not merge the academic and practical sides to this assignment.  I want to see that you have done your academic research into the topic and that you understand the academic issues.  I'd also like to see that you are able to apply what you have learned to your project, this so you have the opportunity to benefit from what you have learned.

 

 

hi, Ean,  It might be a

hi, Ean, 

It might be a stupid question, but i just want to make sure.  

As you mention about business formate, do you want to double space or just single space? Becasue most of business formate  are single space.

 Thank you for helping!

Spacing ?

I like reports that are well organized, easy to read, demonstrate thoughtful research and insightful conclusions and recommendations, as the case may be. 

Since on page 4 of the syllabus I indicated double-spaced 12-point font, you would be safe to format your report that way.

Assignment 3 part 2

Hello Ean and Everyone,

 I just have a quesiton about the practical section of Assignment 3.

Can anyone tell me whether we can hand in the same "part 2" within the group?

The reason I ask is because some of the questions we need to answer in the practical section should have the same answer within the group. For example, how we are going to compensate the board... we should have the same answer instead of different answer.

 Or do we have to write the WHILE assignment by ourself? 

Part 2

While it's an individual assignment, I feel it is fair to collaborate on the part that refers to your team project.

Limited time and Due date confusion

Hi, Ean

Prehaps this is my personal opinion. I think one week for assignment #3 is not enough, considering we have to have a meeting with our teams and book appointments with potential board members. I believe a bit more time would help us to produce a better assignment.

Moreover, comparing with the syllabus, the names and the due dates of assignments are so different. For example, this assignment is called assignment #3 and the due date is 1 Oct. When you check the syllabus, there is a assignment called  individual assignment #1 and the due date is also 1 Oct. Also, there is a assignment called individual assignment #3 and the due date is 29 Oct.  

Tony Kai Yin, Ho

Assignments

Hi Tony,

I agree that more time is always better.  However, there is only so much time available and the demands from every class don't let up.  It comes down to how one manages time and priorities.

This assignment should take no more than a couple of hours to complete... less if you have  acted on my strong recommendations in class that you give thought to assembling outside advisors for your project. 

Agreed, the way the assignments are referred to in the syllabus is confusing.  Perhaps you missed this clarification?

Assignments in general

Hi Ean,

 I know you have a "newsfeed" going on the home page that includes the upcoming homework assignments, but would it be possible for you to create a link under the "Finding Stuff" section strictly for assignments?

I like to be able to see all the assignments I have for a class, the description, and when they are due in one place. It makes time management a bit easier, especially if it means I can start early on an assignment.

 What do you think? (or does it take a lot of time to make a change like that?)

 

Carlie 

Directors??

Hi Ian,

I was just wondering for Assignment #3, the first part of the assignment refers to the difference between advisors and directors. When you refer to directors, do you mean the board of directors?

 Thanks,

Josh 

Directors and Boards

People are often not clear about what is meant by a "board" in a business context.  This assignment is intended to help you understand what a board is and how you might use one in your business. 

When you research this assignment, you will find that there are different types of boards.  There are also different names for the roles. Rather than answer this question for you, I'd prefer to see you find the answer.  If your research doesn't answer the question, be sure to note the issue in your conclusions.