and relationships between a company’s management‚ its board‚ its shareholders and other stakeholders‚ and the goals for which the corporation is governed.[1][2] Lately‚ corporate governance has been comprehensively defined as "a system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby mitigating agency risks which may stem from
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1.7 Moral Agency – Value Creation (Biddle 2006) 1.8 Accounting is perceived as a technical practice or as a social practice. 1.8 Technical Macquarie Dictionary / The American Accounting Association (AAA) (1966‚ P.1) 1.10 Social Lonergan (2009‚ p.24) 1.11 Theoretical analysis of social impact – Parker et al. (1989‚ p.10)‚ Miller’s (1994)‚ Carnegie and Napier (1996‚ p.8) 1.13 Technical and soft skills‚ knowledge and experience – TSKE SSKE 1.15 Accounting roles‚ activities and relationships
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ASSIGNMENT COVER SHEET(to be completed by the student) | AIB student ID number: | | | | Student name: | Do Sy Tung | | | Course name: | MBA Generic | | | Subject name: | Corporate Governance | | | Subject facilitator: | Ryan Galloway | | | Teaching Centre: | | | | No. of pages: | | | | Word count: | | | | DECLARATION | I‚ the above named student‚ confirm that by submitting‚ or causing the attached assignment to be submitted‚ to AIB‚ I have not
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2012 via http://customer community.thomascook.com/thomascook/products Cook‚ T. (2012). Thomas Cook. Published on 2012 via http://www.thomascookgroup.com/segments Cook‚ T. (2012). Thomas Cook. Published on 2012 via http://www.thomascookgroup.com/directors Cook‚ T. (2012). Thomas Cook. Published on 2011 via http://asp-gb.secure-zone.net/v2/index.jsp?id=624/761/4211&lng=en Cook‚ T. (2012). Thomas Cook. Published on 2011 via http://sustainability2011.thomascookgroup.com/our-approach/stakeholder-engagement
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controlled” is given bya) SEBI committee b) OECD committee c) Cadbury committee d) All of the above 4. Internal control is implemented by thea) Board of directors b) Audit committee c) Management d) All of the above 5. OECD stands for__________________ 6. Which of the following have the power to hire fire and compensate the top management? a) Board of directors b) Audit committee c) Shareholders d) Management 7. CII stands for ____________________ IIBM Institute of Business Management 1
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it as a road map‚ and make adjustments to it as needed. However‚ a business plan‚ for it to be effective‚ must be communicated to those groups who need to know what the desired goals and outcomes are. These groups include owners‚ employees‚ boards of directors‚ shareholders and communities. They are discussed as follows. For a small “mom and pop” company‚ the business plan should be reviewed and utilized by the owners of the company‚ any management team that they have in place‚ and possibly the
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around Kuala Lumpur area (Lim‚ 2012) and the profits are growing rapidly. Maxbiz Corporation Bhd Maxbiz is a Malaysia-based investment holding company and it was listed at the stock exchange since year 2002. The company founder and chief executive director is Datuk Vincent Leong Jee Wei. MKK industries Sdn Bhd and Maxbiz Chemicals Sdn Bhd are the arm of the Maxbiz Corporation Bhd. Unfortunately‚ Maxbiz has been slipped into PN 17 on January 2011. The reasons for Maxbiz classified as PN 17 is due to
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retrieved 2 August 2012. Scharff‚ M.M. 2005‚ “WorldCom: A Failure of Moral and Ethical Values”‚ Journal of Applied Management and Entrepreneurship‚ vol. 10‚ no. 3 pp. 35-47. Vasilescu‚ A.M. & Russello‚ G.J. 2006‚ “As gatekeepers‚ independent directors of public compnies face additional scrutiny and liability in the post-Enron/WorldCom world”‚ International Journal of Disclosure and Goverance‚ vol. 3 no. 1‚ pp. 3-15. West M‚ 2012 ‘Big Banks face $100m action over ABC’‚ The Sydney Morning Herald
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Reporting Council 14 3. Corporate Governance in UK TODAY 15 3.1 The rationale behind the UK approach 15 3.2 The UK regulatory framework 15 3.3 The essential features of UK corporate governance 16 4. The Combined Code 18 4.1 Directors 18 4.2 Remuneration 21 4.3 Accountability and Audit 22 4.4 Relations with Shareholders 23 4.5 Responsibilities of Institutional Investors 24 5. Conclusions 26 history The structure of the British financial system was shaped
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company’s management‚ its board of directors‚ its shareholders‚ its auditors and other stakeholders. These relationships‚ which involve various rules and incentives‚ provide the structure through which the objectives of the company are set‚ and the means of attaining these objectives as well as monitoring performance are determined. Thus‚ the key aspects of good corporate governance include transparency of corporate structures and operations; the accountability of managers and the boards to shareholders;
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