–156 A study of the relationship between corporate governance structures and the extent of voluntary disclosure Simon S.M. Ho*‚ Kar Shun Wong School of Accountancy‚ The Chinese University of Hong Kong‚ Shatin‚ N.T.‚ Hong Kong Abstract The primary objective of this study is to test a theoretical framework relating four major corporate governance attributes with the extent of voluntary disclosure provided by listed firms in Hong Kong. These corporate governance attributes are the proportion of independent
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In order to for good governance to exist‚ there are three guiding principles; practicing meritocracy‚ having honest and capable leaders and the principle of being forward- looking. Having honest and capable leaders is the most essential factor among the three to good governance. Having honest and capable leaders can enhance stability in the government and help make the right decisions. With honest and capable leaders‚ they would be able to raise a country’s welfare to better heights‚ making right
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1. The Enron executive team including Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow and other executives‚ were the key players in the crisis. The business practices they used when creating hundreds of SPE’s and diverting large amounts of liabilities to those off-balance sheet entities. Enron was aware of the minimal accounting guidelines for SPE’s and used them to their advantage. To create such a complex “paper” structure‚ the executives had to have coordinate their plans with the accountants
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Critically analyse how clinical governance can ensure accountability of individuals and teams and that nursing practice is safe and of a high standard? As Defined by Scally and Donaldson 1998‚ clinical governance is: “A framework through which NHS organisations are accountable for continuously improving the quality of their services and safeguarding high standards of care by creating an environment in which excellence in clinical care will flourish” (NHS Executive‚ 1998). The aim of the NHS
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Good Governance 1. INTRODUCTION: Governance implies control‚ direction‚ and rule with authority or administers laws to govern a system to achieve certain objectives. Good Governance implies running administration according to the defined laws to achieve the objective of promoting the welfare of the people in a democratic oriented order. Bad governance means departing from the norms of laws and subjecting system of administration to whims‚ idiosyncrasies of the rulers to achieve certain ulterior
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ccsenet.org/ijbm International Journal of Business and Management Vol. 5‚ No. 10; October 2010 The Case Analysis of the Scandal of Enron Yuhao Li Huntsman School of Business‚ Utah State University‚ Logan city‚ U.S.A E-mail: wyl_2001_ren@126.com‚ carolee1989@gmail.com Abstract The Enron scandal‚ revealed in October 2001‚ eventually led to the bankruptcy of the Enron Corporation‚ an American energy company based in Houston‚ Texas‚ and the dissolution of Arthur Andersen‚ which was one of the five largest
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ENRON: THE SMARTEST GUYS IN THE ROOM Kenneth “Ken” Lay‚ the founder of Enron Corporation grew up from a poor family. His father was a Baptist ministry. Ken Lay works many jobs at the same time. He was aiming to make wealth for himself and for his family. From his childhood‚ he learned the value of hard work to earn a living and to achieve his ultimate goal (to be rich). He actually did work so hard‚ been working with different companies and upgraded his skills and education in obtaining Ph.D. degree
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and applied by all in the world of politics‚ sports‚ science‚ and business. In the complex world of finance and accounting‚ the importance of ethical behavior and professionalism cannot be stressed enough. The Enron Corporation evidently did not read the code of ethics or morals. Although Enron had the makings of a successful corporation‚ Enron’s unethical behavior ultimately led to its downfall. As we have learned in financial accounting‚ the income statement shows a “company’s operating performance
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Enron Essay Enron was a company that was founded in 1985‚ who started Enron was Kenny Lay. Enron first started with natural gas pipelines company from the merge with Houston Natural Gas. In 1999 Eron expanded in different fields like‚ financial division and the website that allowed the traders to trade stocks of the company. The persons who help Kenny Lay with the fraud in Enron where‚ Jeff Skilling who was the CEO of Enron‚ Andy Fastow who was the CFO and Official Financial. Fastow cook the
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Akuntansi Sektor Publik dan Good Governance Pengertian governance dapat diartikan sebagai cara mengelola urusan-urusan publik. World Bank memberikan definisi governance sebagai ”the way state power is used in managing economic and social resources for development of society”. Sementara itu‚ United Nation Development Program (UNDP) mendefinisikan governance sebagai “the exercise of political‚ economic‚ and administrative authority to manage a nation’s affair at all levels”. Dalam hal ini‚ World
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