A Study on Effective Implementation of Internal Audit Function to Promote Good Governance in the Public Sector Zeleke Belay (BA‚ BSc‚ ACCA‚ MSc‚) Lecturer at College of Telecommunication and Information Technology Department of Telecommunication Management Email: zelekebly@yahoo.com Mobile: 251 9 11 66 98 61 Office : 251 11 416 99 00 P.o Box: 1413‚ Code 1110 Addis Ababa Presented to the “The Achievements‚ Challenges‚ and Prospects of the Civil Service Reform Program Implementation in Ethiopia”
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Institutional ownership accounts for 75‚89 % of the total share‚ where 660 institutional holders possess 123 672 496 shares (NASDAQ NYSE‚ 01.05.2014). Out of these‚ the biggest shareholder is Hershey Trust Company‚ who holds a total of 12 513 721 shares. Among other large institutional shareholder you find Vanguard Group Inc. (7 429 090 shares)‚ State Street Corp (6 926 329 shares) and Janus Capital Management LLC (5 554 881 shares). However‚ as the Hershey Trust Company holds class B stocks‚ they have the
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Corporate Governance & Board of Directors The Corporate Governance of any business is the relationship among the board of directors‚ management and shareholders to help in determining the path and performance of the corporation (Hunger & Wheelen‚ 2007‚ p. 18). Although laws and standards vary‚ the board of directors is: · Those who set the overall path‚ vision and mission within the business. · Those who make the decisions to hire and‚ or fire any top management member (Hunger & Wheelen‚ 2007
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The difference between Management and Governance: Analysis in the context of Small and Medium Enterprises –SMEs. By Callixte NYILINDEKWE I. Introduction: Traditionally‚ corporate governance has evolved around the contract theory and agency problem based on separation of ownership and management (Dube‚ 2011). The benefits of this separation derive from the monitoring by the board of the CEO activity in the interest of shareholders‚ and generally in the interest of all stakeholders
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GOOD GOVERNANCE Since the draw of civilization man has been striving hard t manage his affairs systematically. The desire to become systematic to the point and precise has led human being to develop variety of disciplines . These disciplines with the march of civilization failed to keep pace with the human driving force. Resultantly new avenues are sought for governance. In the case of Pakistan mismanagement has become a hallmark of out management. It is casting dark shadow son our ‚ institutional
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CORPORATE GOVERNANCE – CONCEPTUAL FRAMEWORK INTRODUCTION: The great Indian master of Political Science Kautilya mentioned four functions of a king in his well-known book Arthashastra -1.Raksha or protection‚ 2.Vriddhi or enhancement‚ 3.Palana or maintenance‚ and 4.Yogakshema or wellbeing or safeguard. It is the sacred duty of the state to protect the person and property of its subject to enhance their wealth‚ to maintain them and to safeguard their interest in general. This noble concept
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Recently the terms "governance" and "good governance" are being increasingly used in development literature. Bad governance is being increasingly regarded as one of the root causes of all evil within our societies. Simply put "governance" means: the process of decision-making and the process by which decisions are implemented (or not implemented). Since governance is the process of decision-making and the process by which decisions are implemented‚ an analysis of governance focuses on the formal
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[Dec-13] [MPRBA 203C/MPCBA 203C/MPRHR-203B] MBA‚ Twinning MBA (CMU) & MHRM Degree Examination II TRIMESTER ETHICS IN BUSINESS AND CORPORATE GOVERNANCE (Effective from the admitted batch 2013–14) Time: 3 Hours Max.Marks: 60 --------------------------------------------------------------------------------------------------Instructions: All parts of a section must be answered in one place only. Figures in the right hand margin indicate marks allotted. ---------------------------------------------
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DEMOCRATIC GOVERNANCE IN THE S ECURITY SECTOR Nicole Ball Center for International Policy‚ Washington‚ DC Center for International Development and Conflict Management‚ University of Maryland Prepared for: UNDP Workshop on “Learning from Experience for Afghanistan” 5 February 2002 INTRODUCTION That the subject of governance in the security sector is being addressed in the context of rebuilding Afghanistan is‚ I believe‚ a reflection of two important shifts in development thinking over the
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Building‚ EDSA‚ Greenhills Mandaluyong City SEC Memorandum Circular No. 6 Series of 2009 REVISED CODE OF CORPORATE GOVERNANCE Pursuant to its mandate under the Securities Regulation Code and the Corporation Code‚ the Securities and Exchange Commission (the “Commission”)‚ in a meeting held on June 18‚ 2009‚ approved the promulgation of this Revised Code of Corporate Governance (the “Code”) which shall apply to registered corporations and to branches or subsidiaries of foreign corporations operating
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