Corporate Scandal I. Olympus Updated: April 20‚ 2012 Olympus Corporation‚ founded in 1919‚ is a manufacturer of digital cameras and electronic equipment. Based in Tokyo‚ the multibillion-dollar company has operations worldwide. In mid-October 2011‚ Olympus was rocked by scandal when its former chief executive and president‚ Michael C. Woodford‚ who is British‚ was suddenly fired. The company’s chairman‚ Tsuyoshi Kikukawa‚ blamed a culture clash‚ but Mr. Woodford‚ a 30-year Olympus employee‚
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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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CASE IBM : Restructuring The Sales Force In 1993‚ IBM’s Board of Directors decided the time was right for dramatic action. The once proud company had seen its sales fall from almost $69 billion in 1990 to $64‚5 billion in 1992. In the same period‚ profits plunged from $5‚9 billion to a loss of $4‚96 billion. In April 1993‚ the Board hired Louis V. Gerstner‚ Jr. to serve as its new Chairman and Chief Executive Officer and to turn the company around. Just three months into the job‚ Gerstner announced
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Should the Legal Drinking Age be Increased to 21? by Tejvan Pettinger on May 9‚ 2013 in society Readers Question: Evaluate the case for raising the legal drinking age to 21. Will it be more effective than other methods for reducing the harmful effects of alcohol? There are several reasons to be concerned about the over-consumption of alcohol‚ especially amongst young people. In the UK‚ abuse of alcohol has contributed to several social‚ economic and health problems‚ including: Alcohol
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TO WHAT EXTENT IS INCREASED CONSUMERISM A GOOD THING? In the present age‚ consumption is playing a significant role in our lives. But in the meantime‚ whether increased consumerism has sparked much debate. Consumption is the belief that buying many things is goods. Some people assert that increased consumerism is a good thing while many other argue that increased consumerism is a bad thing for our lives. Then‚ I will describe the positive and negative respects of consumption in this essay.
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why there has been increased growth in air travel in the last ten years. In theory both supply and demand can have an effect on growth in air travel. However‚ the biggest influence usually arises from price factors‚ such as rise in price of substitute goods or general fall in air travel. Supply factors include‚ emerge of lower cost airlines and increased number of airports. These and other supply and demand factors can be analysed closely in order to evaluate the reasons for increased growth in
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financialAnnual Financials for Nike Inc. Cl B View Ratios Fiscal year is June-May. All values USD millions. | 2009 | 2010 | 2011 | 2012 | 2013 | 5-year trend | Sales/Revenue | 19.08B | 18.96B | 20.89B | 24.12B | 25.31B | | Cost of Goods Sold (COGS) incl. D&A | 10.91B | 10.61B | 11.47B | 13.62B | 14.28B | | COGS excluding D&A | 10.56B | 10.27B | 11.12B | 13.23B | 14.28B | | Depreciation & Amortization Expense | 346.9M | 337.2M | 351M | 395M | - | | Depreciation | 335M
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1. Title – The Path to Corporate Responsibility 2. Issue Identification – The main issue presented in this case is that corporate social responsibility takes a lot of work‚ insightful leadership‚ a restructuring of a company’s operations‚ and sometimes a trigger from outside critics of your normal business practices to actually bring about an organization that is a leader in ethical business practices. 3. Facts - What are the key facts/data to be considered here? - Businesses don’t
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1) What is corporate governance? Contemporary corporate governance started in 1992 with the Cadbury report in the UK Cadbury was the result of several high profile company collapses is concerned primarily with protecting weak and widely dispersed shareholders. Corporate Governance is a mechanism through which boards and directors are able to direct‚ monitor and supervise the conduct and operation of the corporation and its management in a manner that ensures appropriate levels
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CORPORATE REPUTATION Definition Reputation is the opinion (more technically‚ a social evaluation) of the public toward a person‚ a group of people‚ or an organization. It is an important factor in many fields‚ such as business‚ online communities or social status. “If you lose money‚ you lose nothing” “if you lose health‚ you lose something” “if you lose character‚ you lose everything” Reputation is a subject of study in social‚ management and technological sciences. Its influence ranges
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