Agency theory relative to corporate governance assumes a two-tier form of firm control: managers and owners. Agency theory holds that there will be some friction and mistrust between these two groups. The basic structure of the corporation‚ therefore‚ is the web of contractual relations among different interest groups with a stake in the company. In general‚ there are three sets of interest groups within the firm. Managers‚ stockholders and creditors (such as banks). Stockholders often have conflicts
Premium Corporate governance Governance Corporation
result directly in profits‚ for example by sponsorship of sporting events of the opera or other entertainment. Do these projects contradict the goal of maximization of shareholder wealth? Why or why not? Answer: Participating in programs that are socially responsible does not contradict the goal of maximization of shareholder wealth. Having a good reputation from your local community is very important for sustaining a business. Although it remains true that spending on social programs could
Premium Human Economics Capital accumulation
Executive summery Organization Background | 3 | HR Practices of Unilever | 4 | Major HR Functions | 5 | * Recruitment and selection | 5 | * Training and development | 5 | * Payroll and settlement | 6 | * General service | 6 | * Human Resource Information System | 8 | Identified Problem | 9 | * Lack of recreation | 9 | * Low number of HR executive | 9 | * Lack of synergy | 9 | * High turnover | 10 | * No payment for the intern | 10 |
Premium Human resource management Employment Human resources
Contents 1.1. The history of Unilever as a multinational corporation - 3 - 1.2. The history of Unilever in Russia - 4 - Part. 2 General Information - 5 - 2.1. Company in a Nutshell - 5 - 2.2. Key figures - 6 - 2.3. Capital structure - 6 - 2.4. Investment activity - 7 - 2.5. Number and location of business-structures - 8 - 2.6. Present state and priority direction of R&D - 9 - Part 3. Management - 11 - 3.1. Strategy‚ objectives and mission - 11 - 3.2. Principles
Premium Unilever
Stakeholders vs. Shareholders The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives. Stakeholder is a person‚ group‚ or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization’s actions‚ objectives‚ and policies. Shareholder is someone who owns shares of stock in a corporation or mutual fund. For corporations‚ along with the ownership comes a right
Premium Stakeholder Shareholder Stock
A. Public expenditure and revenue management is a major headache for many countries. Having and maintaining a good expenditure and revenue management system is a primary goal of many governments especially in the developing world. Kariba‚ like many other developing countries is faced with so many public expenditure and management problems that need to be addressed urgently as the current state of the economy is nothing to write home about. Problems such as High levels of indiscipline in resource
Premium Budget Government Cost
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
Premium Corporate governance Management Board of directors
ensure the continued operation of the organization by the set the right strategy with relate the HR management process. As a part of MBA program‚ our Human Resource Management course teacher Abu Saleh Md. Sohel-Uz-Zaman assigned us to prepare a report on “HR Practices in Bangladesh” as related topic on Human Resource Management course. We have selected our report topic as “HR practices of the Unilever Limited”. After complete our MBA program we will be going to job market and competing with other universities’
Premium Human resource management
maintain and promote‚ the “Enterprise Culture”. They also emphasize on keeping track of the changing consumer needs‚ innovating to “wow” their customers‚ winning their hearts through excellent consumer networking. Finally it mentions the commitment Unilever has towards its social corporate responsibility. The company’s basic motto is: “Meeting the Everyday Needs of People Everywhere” The planning function involves working on strategies to achieve this goal. Narrowing down from this we
Premium Corporate social responsibility Management Planning
Assignment on Unilever Bangladesh Ltd Introduction Unilever is a multinational corporation‚ formed of British and Dutch parentage‚ that owns many of the world’s consumer product brands in foods‚ beverages‚ cleaning agents and personal care products. Unilever employed 174‚000 people and had worldwide revenue of €40.5 billion in 2008.[1] Unilever is a dual-listed company consisting of Unilever NV in Rotterdam‚ The Netherlands and Unilever PLC in London‚ United Kingdom. This arrangement is similar
Premium Unilever