APPLIED CORPORATE FINANCE A MO RG A N S TA N L E Y P U B L I C AT I O N In This Issue: Honoring Michael Jensen Baylor University Roundtable on the Corporate Mission‚ CEO Pay‚ and improving the Dialogue with investors 8 Panelists: Michael Jensen‚ Harvard Business School; Ron Naples‚ Quaker Chemical Corporation; Trevor Harris‚ Columbia University; and Don Chew‚ Morgan Stanley. Moderated by John Martin‚ Baylor University. Value Maximization‚ Stakeholder theory‚ and the Corporate Objective
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Introduction: The past decade has been witness to some of the worst accounts of corporate fraud ever recorded‚ with multi-billion dollar companies such as Enron‚ Tyco‚ and World-com involved in serious financial scandals. CEOs and senior executives are often the driving force behind such unscrupulous activities by adopting shady accounting practices and other forms of short-termist actions for the purpose of increasing their firm’s stock price and their own personal wealth. The following paper will
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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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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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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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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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Business conditions and regulatory initiatives have resulted in a variety of codes and regulations to meet the needs of local capital markets[i]. For instance‚ in the United States‚ several major corporate and accounting scandals such as those perpetrated by Enron‚ WorldCom‚ Tyco International‚ and Adelphia communications resulted in the enactment of laws and rules to restore and maintain confidence in the financial markets. Other nations experienced similar situations and enacted rules and regulations
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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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ACCA Paper P1 Governance‚ Risk and Ethics June 2011 Final Assessment – Answers To gain maximum benefit‚ do not refer to these answers until you have completed the final assessment questions and submitted them for marking. ACCA P1 : GOVERNANCE‚ RISK AND ETHICS © Kaplan Financial Limited‚ 2011 The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed
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Article: Challenges and Best Practices in Corporate Governance .Feb 25‚ 2014 Before I started this article‚ I looked up the meaning of the term governance in the dictionary to ensure that I have captured the real meaning of it‚ in the real sense of the word. More so‚ I wanted to make sure that the way I understand the term is in the same context as what Prof Mansibang is pointing out in his article. As intrinsically depicted in the article‚ Corporate governance is the framework‚ the set of rules‚ the
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