201 Corporate Governance: An International Review‚ 2013‚ 21(3): 201–224 Does “Good” Corporate Governance Help in a Crisis? The Impact of Country- and Firm-Level Governance Mechanisms in the European Financial Crisis Marc van Essen*‚ Peter-Jan Engelen‚ and Michael Carney ABSTRACT Manuscript Type: Empirical Research Question/Issue: We examine the effects of firm- and country-level “good” corporate governance prescriptions on firm performance before and during the recent financial crisis
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CORPORATE CONTROL AND FIRM PERFORMANCE: DOES THE TYPE OF OWNERS MATTER? Muhammad Agung Prabowo* Universitas Sebelas Maret‚ Surakarta‚ Indonesia Abstract: The paper extends the ownership study by examining the different types of large shareholders in relation to its impact on organizational outcome in Indonesia using a dataset consisting of 190 non-financial companies listed in Jakarta Stock Exchange in 2002. The study investigates the effect of family ownership‚ foreign blockholder‚ domestic institutional
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Examination Paper of Corporate Governance IIBM Institute of Business Management Examination Paper MM. 100 Corporate Governance Subject Code-C103 Section A: Objective Type & Short Questions (30 marks) This section consists of Multiple Choice questions & short questions. Answer all the questions. Part one questions carry 1 mark each & Part Two questions carry 5 marks each. Part One: Multiple Choices: 1. Corporate Governance is a) About ethical conduct in business b)
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Question 1 (1) The maintenance of share capital principle is share capital. Share capital is the contribution made by shareholder by subscribing shares of the company. A company’s creditors can only look to the share capital for payment in the event of a winding up. A general rule known as the rule in Trevor v Whitworth was established in order to protect shareholders and creditors. It prohibits a company from reducing its share capital due to a reduction in capital would prejudice the rights of
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Summary: Corporate governance is an essential part of modern company operations and management ‚ it relates to business ethics‚ code of conduct and system to manage a company. However‚ there are many corporate scandals due to the failure of corporate governance. This report analyzes the corporate governance from multiple aspects. It is through the understanding the relationship between corporate governance and business ethics‚ evaluating the ASX principles as a guidelines to corporate governance
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One.Tel and its corporate governance issues Table of contents Introduction One.Tel collapse Impact of One.tel collapse Legal proceedings against One.tel’s directors Things can be learnt from One.tel’s failure Conclusion Introduction Lack of proper corporate governance can be a disaster for campanies. In recent years‚ major Australian companies such as HIH‚ One.tel and Harris Scarfe failed under dramatic and high profile circumstances. As a result‚ executive and non executive directors
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THE CURRENT CRISIS OF INVESTOR CONFIDENCE: CORPORATE GOVERNANCE AND THE IMBALANCE OF POWER By Richard L. Wise Master’s Thesis submitted in partial fulfillment of graduation requirements of the Fletcher School of Law and Diplomacy ’s Global of Master Arts Program Copyright Richard L. Wise 2002 {K0241737.1} TABLE OF CONTENTS OVERVIEW ...................................................................................................................................................
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Corporate governance Two definitions: ASX CGC: rules‚ relationship‚ systems and processes help a company to monitor and assess risk‚ optimize performance‚ create value and provide accountability. A narrow definition which consistent with agency theory focuses on relationship between company and shareholders. OECD: a system a company can be directed and controlled‚ specify rights‚ responsibilities and rules; set and achieve objectives and monitor performance. A board definition consider relationship
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Ontario K1N 6N5‚ and 1 HEC Montreal‚ 3000 Côte-Sainte-Catherine Road‚ Montreal‚ Quebec H3T 2A7‚ Canada Email: benamar@telfer.uottawa.ca‚ claude.francoeur@hec.ca‚ taieb.2.hafsi@hec.ca‚ real.labelle@hec.ca This study investigates the joint effect of corporate ownership and board of directors’ diversity configurations on the success of strategic merger and acquisition (M&A) decisions. Board diversity is defined as the extent to which its demographic diversity as measured by the culture‚ nationality‚ gender
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(1998) 371±403 Corporate governance and board eectiveness Kose John a‚ Lemma W. Senbet a b 1 b‚* Stern School of Business‚ New York University‚ New York‚ NY 10012‚ USA Department of Finance‚ College of Business‚ University of Maryland‚ Tydings Hall‚ College Park‚ MD 20742‚ USA Abstract This paper surveys the empirical and theoretical literature on the mechanisms of corporate governance. We focus on the internal mechanisms of corporate governance (e.g.‚ corporate board of directors)
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