BUSINESS ETHICS & CORPORATE GOVERNANCE OCS AGENDA • Understanding Ethics • Managing Business Ethics • Corporate Social Responsibility • Complexity of Ethical Issues • Ethical Leadership • Evaluation of Corporate Governance • Internal & External Corporate Governance mechanisms • Corporate Governance Ratings OCS Scams OCS Values • Fundamental beliefs • Principles for good‚ right and just • Evaluate something vis-à-vis a Standard • Integrity‚ Patriotism‚ Fairness OCS Morals • Values attributing
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of Directors in Corporate Governance and Policy Making A B S T R A C T Corporate governance covers a large number of distinct concepts‚ legal systems and structures and processes that establishes best practices in the high-level direction and control of a corporation by the Board of Directors and Corporate Management. The conduct and performance of Corporate Governance (CG) in the Philippines for publicly listed corporations is implemented under the Code of Corporate Governance promulgated by
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Exam Different committees have to be established and put into process in order for a company to represent good corporate governance. The Audit Committee is significant in regards to corporate governance because it assist the board of directors in achieving the fiduciary and financial responsibilities to shareholders as well as assuring corporate governance accountability. Audit committees are mainly accountable for the quality connected to such matters as: • Regulatory and legal matters
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Under-reserving Like we say in the HLL case under-reserving is a tactic used by firms but in the long run it cant stop companies from collapsing. Role of independent directors The question Are independent directors really independent has been topic of debate for ages. In the case the role played by independent directors is insignificant. Also it is questionable whether independent directors were present and in the number advised by law or not. Audit Committee The case talks about KPMG and the arguable
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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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To what extent are the banks of Mauritius complying with the national code of corporate governance? CHAPTER 1 INTRODUCTION Sir Adrian Cadbury (2002) stated that corporate governance is “the direction and control process within an organization”. Corporate governance is a systematic approach of controlling and monitoring a business operation. The term corporate governance has came to light in the 19th Century when the theory of separation of ownership and control developed.
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McBride Transparency in Corporate Governance MMPBL/570 May 7‚ 2012 Thomas Kershaw McBride: Transparency In Corporate Governance Many recent corporate governance scandals have caused government to implement a number or regulatory modifications. One factor in relation to these changes is improved disclosure requirements. An example‚ Sarbanes-Oxley (SOX)‚ created because of Enron‚ WorldCom‚ and additional public governance malfunctions‚ with detailed reporting of off-balance sheet financing
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CORPORATE GOVERNANCE – CONCEPTUAL FRAMEWORK INTRODUCTION: The great Indian master of Political Science Kautilya mentioned four functions of a king in his well-known book Arthashastra -1.Raksha or protection‚ 2.Vriddhi or enhancement‚ 3.Palana or maintenance‚ and 4.Yogakshema or wellbeing or safeguard. It is the sacred duty of the state to protect the person and property of its subject to enhance their wealth‚ to maintain them and to safeguard their interest in general. This noble concept
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Module Corporate Governance Business Ethics & CSR H9CGBE: Corporate Governance Business Ethics & CSR Extra Header Data Module Delivered in Programme Code MBA MSCMGMTD MSCMRKD PGDMGT Programme Master of Business Administration Msc in Management MSc in Marketing Postgraduate Diploma in Science in Management Semester 2 1 1 2 Delivery Mandatory Mandatory Elective Mandatory Module Delivered in Programme Code MBA MSCMGMTD MSCMRKD PGDMGT Programme Master of Business Administration Msc in Management
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Corporate Governance in Hong Kong 1. Corporate Governance in Hong Kong Hong Kong’s position as an international economic and financial center is attributed to its exemplary corporate governance. With Hong Kong’s various authorities and regulatory bodies emphasizing on transparency and accountability for listed companies‚ Hong Kong was ranked first for corporate governance among 11 Asian countries in 2007. (Refer to Appendix 1) The Stock Exchange of Hong Kong (SEHK) describes corporate
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