CORPORATE GOVERNANCE IN FAMILY BUSINESSES IN SERBIA PhD Katarina Djulic‚ Faculty of Economics‚ Finance and Administration‚ kdjulic@fefa.edu.rs MSc Tanja Kuzman‚ Faculty of Economics‚ Finance and Administration PhD Katarina Djulic is Assistant Professor at FEFA on subjects of Corporate Finance and Corporate Governance. She also works as Senior Consultant in KPMG Serbia. She worked as an Associate Operations Officer at the International Finance Corporation‚ World Bank Group‚ on the Corporate Governance
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CORPORATE GOVERNANCE - ROLE OF BOARD OF DIRECTORS People often question whether corporate boards matter because their day-today impact is difficult to observe. But‚ when things go wrong‚ they can become the center of attention. Certainly this was true of the Enron‚ Worldcom‚ and Parmalat scandals. The directors of Enron and Worldcom‚ in particular‚ were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs‚ of which $13 million was out of pocket
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Corporate Governance in Banking: A Conceptual Framework Penny Ciancanelli E-mail: p.ciancanelli@strath.ac.uk And Jose Antonio Reyes Gonzalez E-mail: areyes@eh.quik.co.uk Department of Accounting and Finance Strathclyde University Glasgow‚ G4 0LN Tel: (44) (0) 141 548-3896 Fax: (44) (0) 141 548-3547 This paper can be downloaded from the Social Science Research Network Electronic Paper Collection: http://papers.ssrn.com/paper.taf?abstract_id=253714 Paper submitted for presentation at the
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Corporate Governance and Accounting Conservatism in China* Donglin Xiaa and Song Zhub‚** b School of Economics and Management‚ Tsinghua University‚ China School of Economics and Business Administration‚ Beijing Normal University‚ China a Abstract A principal-agent relationship exists among creditors‚ shareholders and management‚ and information asymmetry among them leads to asymmetric loss functions‚ which induces conservative accounting. This paper investigates the determinants of accounting
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BOARD‚ THE EXECUTIVE & GOOD GOVERNANCE Ladies and Gentlemen‚ this paper attempts to look at the board and individual directors in context to organisational development. To achieve this‚ the key roles and duties of the board and its directors will be fully reviewed in light of current corporate governance concerns. This paper relies heavily on Review of The Role and Effectiveness of Non-executive Directors – Higgs Review – (2003) and the Combined Code on Corporate Governance (2006) for referencing.
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Corporate culture is defined as: "the moral‚ social‚ and behavioral norms of an organization based on the beliefs‚ attitudes‚ and priorities of its members." Every organization has its own unique culture or value set; however‚ most organizations do not consciously try to create a certain culture. The culture of the organization is typically created unconsciously‚ based on the values of the top management or the founders of an organization. Southwest Airlines expends a lot of energy in maintaining
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Tobacco - Corporate governance (QIAN YANG) Introduction：500 Corporate governance background 250 To begin with we will provide a brief background on the corporate governance. The system of rules‚ practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of the many stakeholders in a company - these include its shareholders‚ management‚ customers‚ suppliers‚ financiers‚ government and the community. Since corporate governance
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time gender‚ age‚ religion‚ etc. can be used to make employment decisions is when they are considered a bona fide occupational qualification (BFOQ). 12. Disparate treatment and adverse impacts are defined in labor laws issued by the National Labor Relations Board. 13. The hostile work environment form of sexual harassment occurs when employment outcomes such as hiring‚ promotion‚ or simply keeping one’s job depend on whether an individual submits to being sexually harassed. 14. Full compliance with
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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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ethical business and the link to what society sees as “good” governance practices. Although the controversies involve issues matched in variety only by the types of companies‚ they all virtually involve some form of abuse of stakeholders trust. These cases are not representative of the entire spectrum of today’s business environment; in fact‚ there are a number of companies whose competitive advantages are based on “good” corporate governance practices – namely stakeholder involvement. As a result‚
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