Corporate Governance
Cover Page
◦Title
Corporate Governance: Relevance and significance in the current Corporate environment.
◦Abstract
This article will discuss whether the concept of Corporate Governance appears to make a difference in the way in which companies are managed at board level. It will also briefly mention whether the recent economic turmoil in major and minor companies alike, would have been due to a lack of proper corporate governance.
It will also explore in brief about the principles and ethical standards a business should have with regard copyright/patent issues, in the context of business of computer software.
◦Background
Corporate governance focuses on activities concerned with listed companies and circumstances in which there is a clear separation of ownership and control (Coyle 2005a, 2005b; Mallin 2004, 2006; Tricker 1995). It is the system by which companies are directed and controlled, in the interest of shareholders and other stakeholders, to sustain and enhance value.
Aoki (2001) opines corporate governance to be a combination of rights and responsibilities of the parties who have a stake in the firm. Effective corporate governance implies mechanisms to ensure that executives respect the rights and interests of company stakeholders, as well as making those stakeholders accountable for acting responsibly with regard to the protection, generation, and distribution of wealth invested in the firm (Lorsch and MacIver, 1989; Aguilera, Filatotchev, Gospel and Jackson, 2008). Starovic (2003) defines Corporate governance a system by which companies are directed and controlled which mainly has it’s focus on the hygiene and housekeeping aspects of running a business.
The Organization for Economic Co-operation and Development (OECD) extends the definition by stating that corporate governance is a set of relationships between organizations management, its board, its shareholders
◦Title
Corporate Governance: Relevance and significance in the current Corporate environment.
◦Abstract
This article will discuss whether the concept of Corporate Governance appears to make a difference in the way in which companies are managed at board level. It will also briefly mention whether the recent economic turmoil in major and minor companies alike, would have been due to a lack of proper corporate governance.
It will also explore in brief about the principles and ethical standards a business should have with regard copyright/patent issues, in the context of business of computer software.
◦Background
Corporate governance focuses on activities concerned with listed companies and circumstances in which there is a clear separation of ownership and control (Coyle 2005a, 2005b; Mallin 2004, 2006; Tricker 1995). It is the system by which companies are directed and controlled, in the interest of shareholders and other stakeholders, to sustain and enhance value.
Aoki (2001) opines corporate governance to be a combination of rights and responsibilities of the parties who have a stake in the firm. Effective corporate governance implies mechanisms to ensure that executives respect the rights and interests of company stakeholders, as well as making those stakeholders accountable for acting responsibly with regard to the protection, generation, and distribution of wealth invested in the firm (Lorsch and MacIver, 1989; Aguilera, Filatotchev, Gospel and Jackson, 2008). Starovic (2003) defines Corporate governance a system by which companies are directed and controlled which mainly has it’s focus on the hygiene and housekeeping aspects of running a business.
The Organization for Economic Co-operation and Development (OECD) extends the definition by stating that corporate governance is a set of relationships between organizations management, its board, its shareholders
Bibliography: Georges , D. and Thouraya, T. (2005),’ Risk Management and Corporate Governance: The Importance of Independence and Financial Knowledge for the Board and the Audit Committee’, HEC Montreal Risk Management Chair Working Paper No. 04-04 Kirkpatrick, G. (2009), ‘The Corporate Governance Lessons from the Financial Crisis ‘, ISSN 1995-286, Financial Market Trends © OECD 2009 Pre-publication version for Vol. 2009/1 Sterling ,Emily D.(2010), ‘From Crisis to Reform- A Summary of the Recent Financial Crisis, the Use of Stress Tests to Promote Financial Stability, and Implications for Reporting and Corporate Governance’, Chambers, C. (2009), ‘ Another Day Another Culprit: Corporate Governance – Is it to Blame for the Banking Crisis?’, Business Law Review, 30 (12). pp. 264-269. ISSN 0143-6295 Partigan, John C. and McAvoy ,D. (2010), ‘The role and construction of risk committees’, A publication of Nixon Body LLP Kenneth, N. (1998), ‘Inventing Software: The Rise of "computer-related" Patents.’, Greenwood Publishing Group, p. 15. ISBN 1567201407. Mikko, V. (2005),.’ The Rise of Open Source Licensing’, Turre Publishing. ISBN 9529187793.