An Assignment of Business Ethics & Corporate Governance CASE STUDIES Module I BHOPAL GAS TRAGEDY December 3‚ 2009‚ marked the 25th anniversary of the world’s worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltd’s (UCIL) pesticide plant in Bhopal (Madhya Pradesh‚ India). The tragedy that instantly killed more than 3‚000 people and left thousands injured and affected for life‚ occurred when water entered Methyl Isocyanate (MIC) storage tank No. 610
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Corporate governance is a field in economics that investigates how to secure/motivate efficient management of corporations by the use of incentive mechanisms‚ such as contracts‚ organizational designs and legislation. This is often limited to the question of improving financial performance‚ for example‚ how the corporate owners can secure/motivate that the corporate managers will deliver a competitive rate of return. (Mathiesen‚ 2002). Another definition is "Corporate Governance is concerned
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Introduction | | | | | | 4 | 2 | Corporate Governance-An Academic Review | | | 5 | | 2.1 | Corporate Governance Mechanisms | | | 5 | | 2.2 | Overview of the OECD Principles of Corporate Governance. | 6 | | 2.3 | Corporate Governance in India | | | | 7 | 3 | Satyam Computer Services Limited - Overview | | | 9 | | 3.1 | The Satyam Scandal | | | | | 10 | | 3.2 | Satyam’s Corporate Governance Issues | | | 12 | 4 | Corporate Governance Recommendations-Satyam Compute Services
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Corporate Governance and CSR: A Tool for Financial Manager Presented by: Nelson Monis INTRODUCTION “Good governance is integral to the very existence of a company. It inspires and strengthens investor’s confidence by ensuring company’s commitment to higher growth and profits. Corporate governance is nothing more than how a corporation is administered or controlled. Corporate governance takes into consideration company stakeholders as governmental participants‚ the principle participants being shareholders
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Insert name Insert name of the course supervisor Insert name of the course Insert date assignment is due Why Corporate Governance is an Important Ethical Issue As consumer movements grow stronger and stakeholders become more knowledgeable and aware of company operations‚ it has become necessary for corporations to come to grips with ethical issues in order to continue surviving in business. Consumers and stakeholders are becoming increasingly aware of the adverse effects of unethical
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The Development and the History of the UK Corporate Governance Code The roots of the code mainly come from the Cadbury Committee Reports and its successor reports. (Mallin‚ C.‚ 2010) There are five sections in the Code. They are Leadership‚ Effectiveness‚ Accountability‚ Remuneration and Relations with Shareholders. (FRC‚ 2010) Section A: Leadership A.1 The Role of the Board An effective board is essential for every company to have long-term success. A.2 Division of Responsibilities
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Corporate Governance‚ accountability and ethics in Goldman Sachs 1. Introduction The greatest modern financial crisis is still unraveling the aftershocks now I feel is the most serious in Europe. In fact‚ the lifting of the mortgage crisis in the United States and bankruptcy homeowners damaged in progress‚ but is no longer news. The ultimate responsibility of the crisis‚ the responsibility of the nature and extent of the problem has not been a satisfactory answer. Therefore‚ the community
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This is evidenced by both Apartheid in South Africa and the Holocaust during World War Two. Both of them were massive examples of racial discrimination‚ and violent racial discrimination at that. When racial discrimination turns violent it is potentially physically detrimental to everyone involved
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MURERIWA ON A CALL FOR GOOD CORPORATE GOVERNANCE IN ZIMBABWE. ADV ISIAH MURERIWA LLB (UP) LLM (UP) (Advocate of the High Court of South Africa) The legal realty is that in Zimbabwe‚ as in many other economies‚ those who own companies (shareholders) are different from those who are involved in the day-to-day operations of the companies (managers and directors). This position thus put the managers and directors in a fiduciary relationship vis-a vis the actual owners of companies and
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Lecturer responsible for AUE2602: Topic 1: Corporate Governance Ms Nicolene Coetzee Contact details: AUE2602@unisa.ac.za CORPORATE GOVERNANCE What does CORPORATE GOVERNANCE mean: It is the system or process whereby companies are directed or controlled. It follows then that: Healthy‚ honest‚ open‚ competent and responsibly controlled companies will improve the quality of modern society. CORPORATE GOVERNANCE Key aspects of King III: Effective leadership * Ethical values of responsibility * Fairness
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