& Prevezer‚ M. (1994). Capital Markets and Corporate Governance. Oxford. Fama‚ E.‚ & Jensen‚ M.C.(1983). Separation of Ownership and Control. Journal of Law & Economics‚ 26. Greenbury Report on Directors Remuneration (1995). Hampel Report on Corporate Governance (1998) Hendrikse‚ J Institute of Directors (2005). The Handbook of International Corporate Governance: A country by country guide Iskander‚ M. R. & Chamlou‚ N. (2000)‚ Corporate Governance: A framework for Implementation. Jensen‚ M. (2001)
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15 20 25 30 Directors — Duties — Non-executive chairman of directors — Statutory duty of care — Responsibilities — Usual practice of chairmen of listed Australian companies — Duty to keep informed — (CTH) Corporations Act 2001 s 180(1)(b). Words and phrases — “responsibilities within the corporation”. One.Tel was a listed company which was placed into voluntary administration and then into liquidation. The plaintiff‚ ASIC‚ commenced actions against the three executive directors and G‚ the non-executive
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Members of the board and investors sought Stempel’s leadership‚ along with his handpicked team of executives‚ to recover from the slump. In 1991‚ General Motors loses (industry record) $4.5 billion. Costs were out of control. An internal study revealed that GM produced lower-quality vehicles while spending $800 more per car than their competitor Ford Motor Co.1. Wall Street threatened to remove General Motor’s high investment rating. The previous fall‚ the outside directors and board members pressed
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be withdrawn based on the deposit. This approach was almost similar to the debit card practice followed by banks. The Golden Key Credit Card Company Ltd. (GKCCCL) collapsed over four years ago‚ around December 2008. Before its collapse the board of directors including Chairman Lalith Kotelawala had promised the depositors that they would be paying 100% of their deposited amounts. Without any money being paid till 2009‚ despite Lalith Kotelawala personally promising over 7‚000 depositors on 23 December
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Terms of Reference of Audit Committee Objective The audit committee is established as a committee of the board. The purpose of the committee is to assist the board of directors of the company in fulfilling its responsibilities in respect of: * overseeing the company’s financial reporting process‚ including the internal control structure and procedures for financial reporting and monitoring the integrity and appropriateness of the company’s financial statements; * the manner in which the
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AXIS BANK LTD. | PRICE QUOTES | | Industry: Finance - Banks - Private Sector | Chairman / Chair Person: Adarsh Kishore | ISIN No | INE238A01026 | 52Week High | 1609 | Book Value | 391.36 | Face Value | 10.00 | BSE Code | 532215 | 52Week Low | 965 | EPS | 61.32 | P/E | 21.16 | NSE Code | AXISBANK | P/BV | 3.31 | Div Yield | 0.93 | Market Cap. | 53196.68 | | | Stock prices are delayed by 15 minutes. | | | Price Quotes | BSE | NSE | Last Traded Price | 1‚298.10 | 1
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the effectiveness of the community boards to step in and try and provide many of the services that contribute to the quality of life we require. Members of nonprofit boards are usually volunteers‚ which also means that they aren’t the best at carrying out their responsibilities. Moreover‚ governance is the board’s legal authority to exercise power and authority over an organization on behalf of the community it serves (BoardSource Staff). It is the job of the board to establish a foundation for the
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Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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CHAPTER 1 INTRODUCTION 1.1 BACKGROUND Governance is the process by which a board of directors‚ through management‚ guides an institution in fulfilling its corporate mission and protects the intuitions assets over time. (principles and practices of microfinance governance‚ by Rachel Rock Maria Otero Sonia Saltzman). However‚ the success of and strength of a financial cooperative in some parts of the world shows that governance issues can be transcendence when basic principles are followed. Therefore
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shareholders would understand their basic rights and overall functioning of the company by the management. d) To know whether the board and the management in practicing good corporate governance. Reference for the Rules of Bank of China’s Corporate Governance- www.boc.cn/en/investor www.oecd.com www.bis.org/publ/bcbs176.pdf Books- 1) The Board of Directors 25 Keys to Corporate
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