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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BUSINESS ETHICS AND CORPORATE GOVERNANCE ASSIGNMENT I. CSR practices by Maruti Suzuki & Maytas Infra ltd. A) CSR by Maruti Suzuki India Ltd. Employee welfare Company will be deeply committed towards the welfare of its employees‚ their families and communities around its operations to improve quality of life as a whole. Practicing 3R (Reduce‚ Reuse and Recycle) The company has been promoting 3R since its inception. As a result the company has not only been able to recycle
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American Express Chairman/CEO Influence and Outcomes 7/30/2011 Table of Contents American Express Overview 3 James D. Robinson 3 Success and Failures of Robinson 3 Board Of Directors 4 Decisions Required 4 Candidates for CEO Position 5 Robinson’s Strategy 5 Decisions Of The Board 5 Problems Faced By American Express 6 Solution 7 Lessons Learnt 7 References 7 American Express Overview American Express Company (American Express)‚ incorporated in 1965
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theory‚ to fund an increased dividend payout or a stock buyback‚ a firm might invest less‚ borrow more‚ or issue more stock. Which of those three elements is Gainesboro’s management willing to vary‚ and which elements remain fixed as a matter of the company’s policy? 2. What happens to Gainesboro’s financing need and unused debt capacity if: a. no dividends are paid? b. a 20% payout is pursued? c. a 40% payout is pursued? d. a residual payout policy is pursued? Note that
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The Role of the External Auditor in Corporate Governance The external auditor has long played an important role in the corporate governance function. However‚ before we begin our analysis on how the external auditor plays this role and its importance‚ we must first examine the responsibilities and duties of such an auditor. Similarly‚ we need to clearly define what corporate governance is before we discuss in detail the role that auditors play in it. 1. Introduction 1.1 The External Auditor External
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DOES CORPORATE GOVERNANCE ENHANCE FIRM PERFORMANCE? BY: DR. RONALD IWU-EGWUONWU Introduction: Nations thrive on the performance of their economic units the major part of which are business firms that operate in their corporate jurisdictions. The quality of performance of these firms is of great interest to governments because by them a great amount of the degree of economic development seen in a country is achieved. Governments fund their annual budgets to a great extend by the amount of
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Corporate governance – Intended learning outcomes Students should be able to Identify different forms of corporate governance Evaluate the influence of organisational stakeholders on a firm’s purposes and performance Conduct stakeholder mapping Exhibit 4.1 Influences on strategic purpose Corporate Governance Corporate governance refers to the influence and power of the stakeholders to control the strategic direction of the organisation (Lynch‚ p.362) The chain of corporate governance:
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The Japanese culture has allowed for very little diversity. This started very early in their history. The social controls used to eliminate diversity are the family‚ the power of gender‚ the poor treatment of minority groups‚ the corporate Japanese mentality‚ and the respect required by the people in authority. However‚ due to the globalization and the shrinking of the world‚ Japanese society is starting to make the change to diversity. The individualistic mentality shared by the new technology
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CORPORATE GOVERNANCE LESSONS: CORPORATE GOVERNANCE SUCCESSES AND FAILURES |Student Name: Binish Nida Afaque | | WHY CORPORATE GOVERNANCE BECOMES IMPORTANT NOW? Corporate Governance standards are changing now. The 2008-2009 global financial crisis hit almost the whole world and causes the economic meltdown and recession not only in developing countries but in many rich and developed countries. That is why the debate on the importance of state intervention
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iiste.org Two-Tier Corporate Governance Model for Pakistan Safdar Hussain Tahir1* Hazoor Muhammad Sabir2 Adnan Arshad1 Muhammad Anwar ul Haq1 1. Department of Banking & Finance‚ Government College University‚ Faisalabad‚ Pakistan. 2. Department of Economics‚ Government College University‚ Faisalabad‚ Pakistan. * E-mail of the corresponding author: safdartahir@gmail.com Abstract The main purpose of this study was to formulate a model of corporate governance suitable for the Pakistani
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