Assignment 3: Corporate Governance and Ethical Responsibility LEG 500 - Law‚ Ethics‚ and Corporate Governance 1. Determine at least three different internal and external stakeholders that Dr. DoRight might have to deal with on a daily basis at the hospital. Stakeholders are individuals who are involved in‚ have a vested interest in‚ or a “stake” in the success of an organization (Merriam-Webster‚ 2011)‚ such as a hospital. Dr. DoRight is an influential decision maker as the President of
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Case Study A Case Study in Corporate Governance & Ethical Auditing Satyam Fiasco & Role of PwC as an Auditor Group I Submitted By: Aditya Zutshi Ambrish Mani Piyush Anandani Ravinder Pal Singh Dhillon Abstract & Approach On Dec 16‚ 2008‚ Satyam declared to buy entire stakes in Maytas Properties for $1.3 Billion & 51% stakes in Maytas Infra for another $300 Million. By this action‚ the investors were furious. This was because of the move to invest in a promoter-related
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deemed to have been accorded by it‚ or to be accorded by it in future‚ to the issue of capital by the companies listed with any stock exchange in Bangladesh‚ shall be subject to certain further conditions‚ on ’comply’ basis‚ in order to enhance corporate governance in the interest of investors and the capital market; Now‚ therefore‚ in exercise of the power conferred by section 2CC of the Securities and Exchange Ordinance‚ 1969 (XVII of 1969)‚ the Commission hereby supersedes its earlier Notification
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examples resulting in topics on corporate Governance and Business Ethics being included by many universities and autonomous institutions in their curriculum post liberalization. January 7‚ 2009 will be etched in the annals of India ’s corporate history as it brought to light one of the biggest scams in India. It was on this day that chairman B Ramalinga Raju of Satyam Computer Services considered to be one of the torchbearers of India ’s new economy‚ confessed to a corporate fraud amounting to Rs 7
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Governance Structures & Corporate Culture Introduction This paper explores a few elements found in any healthcare organization or business organization in general‚ in particular‚ certain organizational structures and hypothetical constructs. First‚ consideration is given to some of the provisions of governance found in healthcare organizations. Consideration is also given to some of the possible antecedents and organizational outcomes of responsible leadership and on ethical decision making
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ABSTRACT CORPORATE SOCIAL RESPONSIBILITY AND INDUSTRIAL DISASTER Bijoya Banik[1] Corporate Social Responsibility is the responsibility of the business towards the society that it takes from. It is the management of the business in a manner such that it produces a positive impact on society. Critics of CSR say that the primary purpose of a business is to make profit‚ and that it has no additional duty as long as it complies with all rules and regulations. Not doing anything negative might
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of Directors in Corporate Governance and Policy Making A B S T R A C T Corporate governance covers a large number of distinct concepts‚ legal systems and structures and processes that establishes best practices in the high-level direction and control of a corporation by the Board of Directors and Corporate Management. The conduct and performance of Corporate Governance (CG) in the Philippines for publicly listed corporations is implemented under the Code of Corporate Governance promulgated by
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the accounting maneuver of Lehman’s Repo 105 (or 108) from perspectives of accounting and corporate governance. The memo will illustrate the role of repo transaction in Lehman’s business model‚ analyze the accounting irregularities regarding repo by Lehman‚ observe auditors’ role in these irregularities‚ and discuss the corresponding accounting and corporate governance issues. In addition‚ the memo will provide recommendations on how to prevent financial institutions from abusing regulatory deficiencies
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Phillips (2007) “Corporate governance is an encompassing policy‚ processes and people‚ which serves the needs of shareholders and other stake holders by directing and controlling management activities with good business savvy‚ objectivity and integrity”. The author stated that sound corporate governance is dependent on external market place commitment and legislation plus a healthy board culture that safeguards policies and processes. Magdi and Nadereh (2002) stress that corporate governance is about ensuring
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Chapter One Introduction 1.1 Corporate Governance: Corporate governance is a combination of corporate policies and best practices adopted by the corporate bodies to achieve its objectives in relation to their stakeholders. It is also the field of economics‚ which studies the many issues arising from the separation from ownership and control. The fundamental objective of corporate governance reforms is to enhance transparency and transparency enhances accountability. It is widely recognized that
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