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Corporate Governance
Apple’s Board of Directors
07 May 2013
Introduction
As we all know, the competition in IT industry is extremely intensive. Tremendous amount of companies are providing customers various electronic products with different features. However, Apple is the most popular and amazing company on the earth, brought us the most delicate, fancy, high-end electronic devices and software just like from future. It is the kind of company, who totally blew people’s mind and change people’s life on the way they listening to the music, making phone call, taking photos and etc.
Apple Inc., formerly Apple Computer, Inc., is an American multinational corporation, which was founded by Steve Jobs, Steve Wozeniak on April, 1976 with a release of the Apple 1, and it was incorporated in Cupertino, California in 1977.
Apple is the world’s second-largest information technology company by revenue after Samsung Electronics and the world’s third-largest mobile phone maker after Samsung and Nokia. However, the company is facing a problem for its contractor’ labor practices its declining market value.
Board
According to the Model Business Corporation Act, the Board has fiduciary duty, including duty of care, duty of loyalty and fair dealing, and duty of supervision. Also, based on the judgment rule, it protects board members from liability if they make reasonable decision.
There is no certain form of board is perfectly good from every company. However, assuming all public firms have experienced and successful experts serving on a board, a good board generally has a higher fraction of non-insiders and with fewer members.
Compare to other companies, Apple has a relatively small board with eight members. They are Arthur D. Levinson, Ph.D. Chairman and former CEO of Genentech, Inc.; William V. Campbell, Chairman and former CEO of Intuit, Inc.; Tim Cook, the CEO of Apple;

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