Role of Governance in Health Care Organizations Grand Canyon University HCA 545 October 23‚ 2013 “The essence of good corporate governance is ensuring trustworthy relations between the corporation and its stakeholders. Therefore‚ good governance involves a lot more than compliance. Good corporate governance is a culture and a climate of Consistency‚ Responsibility‚ Accountability‚ Fairness‚ Transparency‚ and Effectiveness that is Deployed throughout the organization
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within the constraints of GAAP so as to achieve a desired level of reported earnings” (Koumanakos‚ 2005‚ p. 31). It is closely associated with three factors which are existence of motivation‚ availability of earning management tactics and weak corporate governance which encourages earning manipulation (Kassem‚ 2010). There are different ways for managers to engage earning management. For example‚ accounting judgment can be used by managers to make financial report more informative for users. They also
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References 17 1.0 Introduction Corporate governance means the process and structures used to direct and manage the business and affairs of the corporation with the objective of enhancing shareholder value; which includes ensuring the financial viability of the business (MCCG‚ 2012). Previous researches have attributed corporate failures to lack of compliance with the corporate governance code and Good firm performance with best practices of corporate governance. According to Kumudini.H (2011)‚
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Journal of Corporate Finance 11 (2005) 85 – 106 www.elsevier.com/locate/econbase Additions to corporate boards: the effect of gender Kathleen A. Farrell a‚*‚ Philip L. Hersch b a Department of Finance‚ University of Nebraska-Lincoln‚ Lincoln‚ NE 68588-0490‚ USA b Department of Economics‚ Wichita State University‚ USA Received 1 November 2003; accepted 1 December 2003 Available online 20 April 2004 Abstract During the decade of the 1990s the number of women serving on corporate boards increased
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Amway banks on corporate campaign Vinson Kurian THIRUVANANTHAPURAM‚ Oct. 22 THE direct selling company Amway India‚ which has relied mostly on word-of-mouth campaign for publicity‚ has now embraced the corporate advertising paradigm‚ but in a `limited’ manner. "We are well on our way of accelerated growth in the country. Corporate advertising at this stage would be most beneficial to our distributors‚ prospective distributors‚ customers and prospective customers‚" Mr William Pinckney‚ Managing
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If the board of directors have been more involved then I think maybe they would have caught on that there were fraudulent and unethical activities happening. However‚ since they were not proactive they were not able to stop the misbehavior from the company’s employees. The board of directors were to be held with as much fault as the culpants. The tax evasion‚ inflated profits‚ commingling of assets was illegal and the unauthorized bonuses that they were handing out were not authorized‚ but they still
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Corporate social responsibility (CSR) is the framework proposed by Carroll (1991) to provide managers with a way to evaluate their duties to the myriad groups with interests in their organizations. These groups are defined as stakeholders and include owners‚ customers‚ employees‚ the community‚ competitors‚ suppliers‚ social activist groups‚ the public and potentially others. According to Carroll (1991)‚ the framework of CSR can be divided into four parts encompassing “the entire spectrum of business
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------------------------------------------------- ASSIGNMENT | * The assignment must be submitted on 10 June 2013 (Monday) by 1300 in hard copy form. * Standard format: Times New Roman‚ font size of 12‚ 1.5 spacing‚ one-inch margins‚ simple staple binding and use standard cover. * Please state your tutor’s name and tutorial group on the front cover. Question: 1. Explain why each of the following situations is an agency problem what costs to the firm might result from it.
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Good Corporate Citizenship & Political Competence-Interrelated/Interconnected Introduction Good corporate citizenship and political competence are interconnected. A definition of both terms will be provided. How both terms are interconnected will be discussed. Also‚ a mission statement from a healthcare organization (HCO)‚ more specifically a hospital will be evaluated and interpreted to view the connection between good corporate citizenship and political competence. Interconnection In order
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Technology (ICT) must emphasize the importance of good information management. The principal challenge and the main focus of this article is to consider how best to ensure that information management‚ broadly defined‚ can both influence and facilitate corporate strategy to enhance a business’competitiveness and ultimate profitability. We are all familiar with IT Projects that have failed…and though we can place various spins or reasons on why these occurred it is quite clear that Information and Communications
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