Corporate Governance of Nike
An organization created under the regulations of a state to act as a legal person to carry on business, which can sue or be sued, can issue shares to raise funds with which to start or to increase its capital is a corporation. There are also non-profit corporations organized for religious, educational, charitable or public service purposes. One of the corporations are the “Nike, Inc” which in other words can be said a company. And what here will be discussed the process how a corporate body that is Nike governs, ethic of it and the corporate responsibility of it upon the business world and balance of interest of the stakeholders such as Government, Employees, Customers, Suppliers, Creditors, Community.
Corporate Governance:
From the report of Cadbury Committee Chaired by Sir Adrian Cadbury 1992 it can be quoted the definition of corporate governance "the system by which companies are directed and controlled". It means the outline by which the various stakeholders’ interests are balanced, as the International Finance Corporation states, "the relationships among the management, Board of Directors, controlling shareholders, minority shareholders and other stakeholders". According to Organisation for Economic Co-operation and Development (OECD) in “Corporate Governance, Value Creation and Growth” this is the infrastructure by which the objectives of the corporation are settled, implies in it the objectives’ meeting assurance and monitoring of it. However Sir Adrian Cadbury had mentioned in his book (3rd edition) Five Golden Rules what can help to define good corporate governance on the basis how it operates and can set out a practical methodology for implementing and monitoring its core goals. These rules are having a clearly ethical basis to the business, having appropriate goals and the capability to achieve it through suitable stakeholder decision making model, having an effective strategy process which incorporates stakeholder value, creating an organisation
Corporate Governance:
From the report of Cadbury Committee Chaired by Sir Adrian Cadbury 1992 it can be quoted the definition of corporate governance "the system by which companies are directed and controlled". It means the outline by which the various stakeholders’ interests are balanced, as the International Finance Corporation states, "the relationships among the management, Board of Directors, controlling shareholders, minority shareholders and other stakeholders". According to Organisation for Economic Co-operation and Development (OECD) in “Corporate Governance, Value Creation and Growth” this is the infrastructure by which the objectives of the corporation are settled, implies in it the objectives’ meeting assurance and monitoring of it. However Sir Adrian Cadbury had mentioned in his book (3rd edition) Five Golden Rules what can help to define good corporate governance on the basis how it operates and can set out a practical methodology for implementing and monitoring its core goals. These rules are having a clearly ethical basis to the business, having appropriate goals and the capability to achieve it through suitable stakeholder decision making model, having an effective strategy process which incorporates stakeholder value, creating an organisation
Bibliography: 1. Frederikslust R. (2008) ed 1st , Corporate Governance and Corporate Finance An European Perspective, London: Rautledge 2. Everatt D., Slaughter k. (1999) ed 1st , Nike Inc: developing an effective public relations strategy, Canada: Richard Ivey School of Business, The University of Western Ontario 3. Avery C. (1999) Business and Human Rights in a Time of Change, www.business-humanrights.org :Business and human Resource Center 4. Than, Ker ( 2010). "Why the Deaf Have Enhanced Vision". National Geographic Society. Retrieved 23 July 2011. 5. Kendall (2009-2012) Definition of Corporate Governance, www.applied-corporate-governance.com : Applied Corporate Governance