– STRATEGIC PURPOSE 4.1 Introduction The example of Lehman Brothers show that there is a failure of both strategy and governance. In this chapter we will able to : * Consider appropriate ways to express the strategic purpose * Identify the components of the governance chain of an organisation * Understand differences in governance structures * Identify differences in the corporate responsibility * Undertake Stakeholder analysis 4.2 Organisational purpose: values‚ mission
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Issues December 16‚ 2008: Satyam board approved a 51% stake acquisition of Maytas Infra‚ a listed company in the Bombay Stock Exchange for US$1.3 billion and 100% stake in unlisted firm Maytas Properties for US$300 million. Both of these firms were in the construction and real estate business and Satyam’s chairman‚ Ramalinga Raju family held a 36% stake in Mayta’s Infra and 35% stake in Maytas Properties. Implication: The deal was seen as a way of diverting cash from Satyam’s shareholder to Satyam’s
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Corporate code of ethics. Purposes A corporate code of ethics (sometimes contrasted with a professional code) has five general purposes. The first is communicating the organisation’s values into a succinct and sometimes memorable form. This might involve defining the strategic purposes of the organisation and how this might affect ethical attitudes and policies. Second‚ the code serves to identify the key stakeholders and the promotion of stakeholder rights and responsibilities. This may involve
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6.1 Lehman Brothers Lehman Brothers was one of the main casualties of the US end of the global financial crisis that began in 2007. The US Government‚ fearing the loss of confidence in the financial markets bailed out Fannie May and Freddie Mac‚ AIG‚ and some other financial institutions. But when it came to Lehman Brothers‚ then the fourth largest investment bank in the US‚ the Government refused to support and the bank filed for bankruptcy. Whether this was a sound decision is‚ probably‚ not the
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Abstract Research on corporate governance is very thin on the role of owners on corporate performance‚ especially how risk-taking orientation of owners comes to bear on decision making processes of the firm. The Board has been given inordinate attention in corporate governance literature‚ and yet a lot of corporate failures and malfeasance have occurred in spite of effective boards. This raises the question of whether the board alone is sufficient in corporate governance. The study therefore‚ investigated
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Contents Page 1. Introduction 2. What is Governance 3. Systems and Processes 4. The Board and its committees 4.1. Risk Management 4.2. Assurance 4.3. Review of EHT Board Assurance Framework (BAF) 4.4. Clinical and non clinical components of integrated Governance 5 Partnership Governance 6 Conclusion Appendices Appendix 1 – Key Governance reports Appendix 2 – Trust Board and the organisational objectives for EHT Introduction The modern NHS Board was
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1.0 Executive Summary Firstly‚ an introduction and background relating to HIH insurance company will be given. Then the cause of HIH collapse is going to be discuss in the following part‚ mainly focused on the failure of financial risk management‚ the failure of auditor‚ the failure of regulation and the lack of independence for non-executive director. Thirdly‚ according to the analysis of the problem‚ the paper offers suggestions as to deal with those problems，followed by a brief conclusion
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Running head: THE AMERICAN RED CROSS The American Red Cross Dr. Victor Oladapo Ethics and Advocacy for HR Professional The American Red Cross 1. Determine impact of this event on ARC’s “benefits of business ethics” (employee commitment‚ investor loyalty‚ customer satisfaction the‚ and bottom line). Ferrell and Fraedrich (2011) states that‚ “business ethics relates to rules‚ standards‚ and moral principles regarding what is right or wrong in specific
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THE EFFECTS OF OWNERSHIP STRUCTURE‚ BOARD EFFECTIVENESS AND MANAGERIAL DISCRETION ON PERFORMANCE OF LISTED COMPANIES IN KENYA ONGORE‚ VINCENT OKOTH Thesis submitted in fulfillment of the requirements for the award of the degree of Doctor of Philosophy (Ph D) in Business Administration‚ School of Business‚ University of Nairobi‚ Kenya. 2008. DECLARATION I declare that this thesis is my original work and‚ to the best of my knowledge‚ has not been submitted to any university for a degree
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REGENT UNIVERSITY COLLEGE OF SCIENCE AND TECHNOLOGY THE IMPORTANCE OF CORPORATE GOVERNANCE IN AN ORGANISATION‚ AND ITS IMPACT ON KEY STAKEHOLDERS (CASE STUDY OF GHANA WATER COMPANY LIMITED) BY EYRAM AFI SECKLEY INDEX NO: 0590210 A DISSERTATION SUBMITTED TO THE SCHOOL OF ARTS AND SOCIAL SCIENCES‚ IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR OF SCIENCE DEGREE IN ACCOUNTING AND INFORMATION SYSTEMS DECEMBER 2011 DECLARATION I‚ EYRAM AFI SECKLEY‚ wish to make
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