Vol. 3‚ No. 4 ISSN: 2222-6990 Corporate Governance- Issues and Challenges in Pakistan Beenish Ameer Department of Management Sciences‚ Abbasia Campus‚ Islamia University of Bahawalpur‚ Pakistan E-mail:beenishameer14@gmail.com Abstract Purpose: Pakistani companies are crucial for attaining the better position in the global market by adopting the actual concept of corporate governance. Corporate governance is a worldwide phenomenon. Corporate Governance is the system of rules‚ practices
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Legal framework of corporate governance (Laws and regulations affecting corporations) Companies Act 1965 All types of incorporated companies‚ whether private or public‚ foreign or otherwise‚ unless formed in pursuance of some other written laws are governed under CA 1965. The Act governs matters regarding powers of the Registrar of Companies‚ filing of documents with the Registrar of Companies‚ incorporation of companies‚ constitution of companies‚ powers of companies‚ shares and membership
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PAGE 1. INTRODUCTION……………………………………………………………… 1 1.1 Defining Corporate Governance………………………………………… 2 1.2 Principles of Corporate Governance……………………………………. 3 1.3 Importance of Corporate Governance………………………………….. 4 1.4 Objective…………………………………………………………………… 5 1. DIRECTORS & CORPORATE GOVERNANCE in INDIA……………….. 6 2.5 Need for Directors- Who is a Director…………………………………... 7 2.6 Statutory Definition of
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Act of 2002 and the legacy of Enron. This act was passed after corporate scandals that involved the regulatory mismanagement and fraud of Enron. This article review will cover topics on how the Sarbanes-Oxley and the collapse of Enron in which affected the ethical decision-making processes in business environments and criminal penalties for which the act provides. Decision-Making in Business Environment “A new generation of corporate leaders has entered the boardroom since Enron’s bankruptcy in
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effect of corporate ownership and board of directors’ diversity configurations on the success of strategic merger and acquisition (M&A) decisions. Board diversity is defined as the extent to which its demographic diversity as measured by the culture‚ nationality‚ gender and experience of its directors complements its statutory diversity. A theoretical framework linking ownership‚ board diversity and M&A strategic decision making is proposed and tested. Based on a sample of 289 M&A decisions undertaken
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Cover Page ◦Title Corporate Governance: Relevance and significance in the current Corporate environment. ◦Abstract This article will discuss whether the concept of Corporate Governance appears to make a difference in the way in which companies are managed at board level. It will also briefly mention whether the recent economic turmoil in major and minor companies alike‚ would have been due to a lack of proper corporate governance. It will also explore in brief about the principles
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Corporate Governance Case Studies Edited by Mak Yuen Teen Foreward Strong corporate governance and transparency are critical for business success. For investors‚ good governance is a good indicator of wellmanaged‚ resilient businesses. For companies‚ a measure of success is the ability to internalise the values‚ spirit and purpose behind governance rules. While the governance standards in Singapore have brought us to where we are today‚ we have some way to go if we want to be seen as leaders
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Introduction Corporate governance is the set of processes‚ customs‚ policies‚ laws‚ and institutions affecting the way a corporation is directed‚ administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders‚ management‚ and the board of directors. Other stakeholders include labor(employees)‚ customers‚ creditors (e.g.‚ banks‚ bond holders)
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Qantas Limited 30 Assessment Model for World Vision Australia 34 EXECUTIVE SUMMARY The corporate governance of five organisations (China Mobile Limited‚ Daimler AG‚ Samsung Electronics Corporation Limited‚ Qantas Airways Limited and World Vision Australia) is evaluated using a specially developed model which focuses on six corporate governance related factors that will enhance corporate governance quality. These factors are: * Whether the company’s board is structured to add value‚
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AMERICAN BAR ASSOCIATION Business Law Section Corporate Governance Committee International Developments Subcommittee ******************************************************************** Corporate Governance and Fiduciary Duties A Multi-Jurisdictional Review of the Directors’ Relationship to the Corporation The International Developments Subcommittee is in the process of preparing a analysis of the board of director’s relationship to the corporation‚ comparing concepts of fiduciary duty
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