October 2012‚ 16 October 2012 Accepted 1 November 2012 The impact of corporate governance on working capital management efficiency of American manufacturing firms Amarjit S. Gill The University of British Columbia (Okanagan Campus)‚ Kelowna‚ Canada‚ and Nahum Biger School of Business‚ Academic Center Carmel‚ Haifa‚ Israel Abstract Purpose – The purpose of this study is to investigate the impact of corporate governance on working capital management efficiency. This study also seeks to extend
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prevented this kind of situations most specially their role is to protect the firm’s shareholders from inappropriate or unethical situations. As a result‚ they faced consequences for their unethical behavior which is the decentralization of the corporate structure. The misconduct of Dennis Kozlowski‚ the former chairman of Tyco and Mark Swartz‚ the former CFO lead them 30 counts of corruption‚ conspiracy‚ fraud‚ conspiracy‚ grand larceny‚ and falsifying business records. While Mark Belnick ‚ the
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on the Board. * Promoter (the conspirator) though in place as a chairman‚ was not a majority shareholder. This scam led to financial losses for a large number of small shareholders at the same time eroding the confidence of investors in corporate environment in India. It gave a substantial beating to the clean and responsible image of IT companies in India and abroad. The scam is also a display how two major components‚ in ensuring authentic financial reporting (auditors) of the company and
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M 2 Professional ethics Service Ideal The wellbeing of society The pursuit of excellence Community service Code of Ethics for Professional Accountants (APESB 2010) Ensure high-quality service consistent with the reputation of the profession. It provides guidance in conflict situations. Conceptual framework approach The code provides a conceptual framework approach to the application of the fundamental principles of professional conduct: 1. integrity Honest and trust. Accountants
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enhanced as are the benefits to the shareholders and the public. That notwithstanding‚ some leaders have been identified with exhibiting poor judgement and gross unethical behavior (Stephens‚ Vance‚ Pettegrew‚ 2012). The underlying reasons for these failures on the part of individual leaders can be traced back to a lack of moral and ethical standards. The downfall of former Tyco International CEO‚ Dennis Kozlowski‚ is just one of many examples. Background Kozlowski reputedly came from a middle-class
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Corporate governance Corporate governance broadly refers to the mechanisms‚ processes and relations by which corporations are controlled and directed.[1] Governance structures identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors‚ managers‚ shareholders‚ creditors‚ auditors‚ regulators‚ and other stakeholders) and includes the rules and procedures for making decisions in corporate affairs. Corporate governance includes
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Sensitivity‚ and Corporate Governance” (2011). Introduction and brief summary of the paper Corporate Governance has become an essential tool for improving corporate performance and advancing the development of market-oriented democracies. Good governance practice maintain the integrity of business transactions and in so doing strengthen the rule of law and democratic governance. Chan and Cheung’s study determines mutual relationship among cultural dimensions‚ ethical sensitivity and corporate governance
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EXECUTIVE SUMMARY The report presents an analysis and evaluation of Goldman Sachs a leading financial services company on its corporate strategies in accordance with governance and ethics legislation regarding Abacus mortgage backed CDOs. In this report the accusations laid against Goldman Sachs shall be verified according to laws and codes set by financial committees of the UK and USA. The underlining question this report analysis’s is “can a company be profitable while at the same time
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Trimester One‚ 2013 Subject Outline CGR3000 Corporate Governance & Regulatory Processes Corporate Governance and Regulation CGR3000 Trimester One 2013 Page 1 COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 WARNING This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 ( Act ). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication
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Impact of Corporate Governance on the Performance of Nigerian Deposit Money Banks Okereke EJ & Abu S University of Port Harcourt‚ Rivers State‚ Nigeria Imo State University Owerri Anyanwu GI Abstract Key Words Corporate Governance Index Deposit Money Banks Bank Performance Index Information Disclosure This study examined the relationship between corporate governance practices in Nigerian Deposit Money Banks (DMBs) vis-à-vis their financial performances (2002-06). To accomplish this‚ data
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