ASSIGNMENT COVER SHEET (to be completed by the student) AIB student ID number: A001426633 Student name: Mellisa Layne Course name: MBA Generic Subject name: Corporate Governance Subject facilitator: Kamla Rampersad de Silva Teaching Centre: Nations University No. of pages: 15 Word count: 2504 DECLARATION I‚ the above named student‚ confirm that by submitting‚ or causing the attached assignment to be submitted‚ to AIB‚ I have not plagiarised any other person’s work in this assignment
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Importance of Corporate Governance for SMEs By Hany Abou-El-Fotouh Today corporate governance principles are considered a key element to the success of any organization and a prescription for improving performance. Simply it is the name of the game for companies that are directed by a board of directors in order to safeguard the interest of shareholders as well as other stakeholders. There are several definitions for corporate governance. However‚ the most appropriate definition which is
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Introduction Corporate social responsibility (CSR) is concerned with the relationship between the corporate sector and society‚ and focuses on particularly good corporate citizenship. The World Business Council for Sustainable Development defines Corporate Social Responsibility as the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large
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Corporate structure is approximately how a company is arranged to accomplish its purposes. The corporate structure of a company is noteworthy since it controls the proprietorship‚ control‚ and pro of the bunch. In a enterprise‚ these highlights are meant by three clusters: shareholders‚ chiefs‚ and officers. Proprietorship remains to the shareholders. Control is exercised by the board of directors on behalf of the shareholders‚ while authority over the day-to-day operations is vested in the officers
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OECD Principles of Corporate Governance Since they were issued in 1999‚ the OECD Principles of Corporate Governance have gained worldwide recognition as an international benchmark for good corporate governance. They are actively used by governments‚ regulators‚ investors‚ corporations and stakeholders in both OECD and non-OECD countries and have been adopted by the Financial Stability Forum as one of the Twelve Key Standards for Sound Financial Systems. The Principles are intended to assist in the
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« OECD Principles of Corporate Governance 2004 © OECD‚ 2004. © Software: 1987-1996‚ Acrobat is a trademark of ADOBE. All rights reserved. OECD grants you the right to use one copy of this Program for your personal use only. Unauthorised reproduction‚ lending‚ hiring‚ transmission or distribution of any data or software is prohibited. You must treat the Program and associated materials and any elements thereof like any other copyrighted material. All requests should be made to: Head of Publications
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supporting a new cottage indus- Measuring and publicizing social performance is a po- try of report writers. tentially powerful way to in uence corporate behavior – Such publications rarely offer a coherent framework assuming that the ratings are consistently measured and for CSR activities‚ let alone a strategic one. Instead‚ they accurately re ect corporate social impact. Unfortunately‚ aggregate anecdotes about uncoordinated initiatives to neither condition holds true in the current profusion
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at stake and how we choose or priorities between them. An ethical approach to a problem will enquire about end-results and the route or means we use to achieve these objectives together with the relationship between the two (‘end versus means’). Corporate Governance can be defined as a proper structure of rules and practices‚ a reference point to return to where decision making is influenced which invariably helps a company run smoothly reducing confusion‚ ambiguity and ultimately risk. Shareholders
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who pays no mind to the public realm. He and I both agree that the majority of citizens today are idiots in that sense of the word. Bellamy addresses the fact that citizens in our society are completely disenchanted with politics‚ “Political citizenship is rejected as both too demanding and of dubious worth” (97). From my own experiences as a citizen of this society‚ I whole-heartedly agree with that statement. For the first election that I was eligible to vote in‚ my own father’s name was on the
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CORPORATE GOVERNANCE OF HONGKONG 1. Overview of recent corporate governance reforms A. Recent initiatives There have been numerous recent changes in Hong Kong in relation to corporate governance matters‚ extending well beyond legislation and nonbinding codes. The roles of relevant regulators have also been examined and proposed changes made. As far as legislation is concerned‚ the most significant change is the introduction of the Securities and Futures Ordinance‚ which came into force on
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