Language – UK English Background Below is your assignment for this subject. Please read the brief and instructions thoroughly. An ongoing debate in practice and academia is the value to an organisation of independent directors. Some reports in the media or from peak body organisations and associations discuss the huge corporate governance benefits independent directors bring to an organisation, while others point to the fact that they have little skin in the game or ownership and therefore do not actively align with shareholders interests, by the very nature of being independent (e.g. AICD 2016; Hammond 2016). The following newspaper article is an example of the type of current discussion about independent directors that could assist you in undertaking this assessment. Swan, P & Liesen, D 2018, Too many independent directors is heart of problemOpen this document with ReadSpeaker docReader, The Australian Financial Review, Thursday, 3 May, p. 55. Part A – written report Conduct a review of independent directors as a corporate governance issue and write a report with your findings. Use the concepts, tools and techniques learned in this subject to review the extent of these issues at the individual, board, organisation or other levels. These focus questions could guide you in writing your report: Discuss what has led to the success and or limitations of independent directors (e.g. short term and long-term tenures, subcommittee(s), oversight, etc.). What are some of the corporate governance causes that lead to organisations being criticised or being less successful in aligning independent directors with organisations objectives to maximise shareholder wealth via organisational performance, particularly when large losses occur or small profits. Discuss the reasons for this and what can be done to address them. Requirements Your assessment must include: A description of the issue related to independent directors as a corporate governance issue. An outline of the bases or criteria for the review of independent directors and organisational performance governance issue(s). For example, mention which rules, standards or guiding principles are relevant for the review, discuss their importance and why it is appropriate for you to use them. A critical review of the organisations governance applying the relevant concepts, principles, standards or other tools and techniques learnt during this subject. Recommendations for suggested improvement based on your review. It is important to demonstrate your knowledge about the corporate governance issue and to clearly reference your sources. Read about your issue in journal articles (i.e. using the AIB Online Library e.g. EBSCOHost, JSTOR), books (i.e. including the textbook), industry reports, business literature, etc. Remember to note down your sources and reference your sources in the report. To do well you need to structure your discussion appropriately, use credible source references, and clearly link recommendations to the description and analysis presented earlier in the report. Reference to be used: Tricker, B 2015, Corporate governance: principles, policies, and practices, 3rd edition, Oxford University Press (ISBN: 9780198702757 or 9780192517920). The 2nd edition is also suitable (ISBN: 9780199607969).