occurred in spite of effective boards. This raises the question of whether the board alone is sufficient in corporate governance. The study therefore‚ investigated the combined effects of ownership structure and board effectiveness on performance of listed companies in Kenya using agency theory as an analytical framework. Ownership structure was operationalized in terms of ownership concentration and ownership identity‚ while elements of board effectiveness were leadership‚ stewardship‚ monitoring and reporting
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Introduction 1.0. Introduction The term “foreign exchange” basically refers to buying the currency of one country while selling the currency of another country. All nations have their own‚ different kinds of money (currency). This has existed throughout the ages‚ probably since the time of the Babylonians. As trading developed between nations‚ the need to convert one kind of money to another also developed. This is how a formal system of foreign exchange arose. As trade between nations developed‚ Britain
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between the stock market and GDP Submitted by: Muhammad Zeshan Abstract: This research will analyze the stock market earnings impact on the GDP growth of a developing country i.e. Pakistan. This study will help to establish a relationship between stock market earnings and economic (GDP) growth of the country‚ basically it will answer this question‚ “How the stock market earnings affect the GDP?” In this research‚ I shall apply the co integration and error correction model to the stock market performance
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to look into the Regina Company case using the perspective of a financial analyst who will report to the Electrolux management and board. This decision was due to the following reasons: 1. Any further audit from the side of Regina‚ Electrolux or the SEC will only yield a similar result as the last audit thus being redundant and utterly useless 2. Looking at the case in the perspective of a member of the board of Regina will prove to be useless in evaluating the case since we will have no more
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Discussion Topic #1 The fraud Triangle is a very important tool in seeking to understand why people commit fraud. In the examination of any fraud case according to the Fraud triangle there are three major elements‚ pressure‚ opportunity and rationalization. To illustrate the relevance of these three factors we can examine a recent fraud case i.e. the South Carolina Hospitality Association. In this case Rachel Duncan was the accountant for South Carolina Hospitality association‚ she is charged with
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Fiat Chrysler Q2 Earnings Group Performance: FCA has reported a positive overall financial performance for the second quarter of 2015. It earned a net profit of € 333 million that is up 69 % from Q2 2014 net profit of € 197 million. Net revenue for the group increased by 25 % from € 23.3 billion to € 29.2 billion while there was a slight reduction in net industrial debt which now stands at € 8.0 billion. The outstanding improvement in net profit and EBIT was led by a strong improvement in NAFTA
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B1 – Ethics‚ fraud and internal control at Bern Fly Company The main purpose that a good internal control must fulfil is to protect the firm’s assets from fraud and theft. As we can see from the description of Bern Fly Company’s case‚ the internal control within the company leaves much to be desired. As it can be read in the case the salespersons get commission promptly after each order taken by their customers without any control to check if that order is real or only a fictitious one. This
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Organizational Responsibility Organizational structure and culture influence have a huge effect on the success or downfall of an organization. Many organizations have proper processes in place to prevent health care fraud and abuse. This paper reviews fraud and abuse and how organizational structure and governance‚ culture‚ and focus on social responsibility affect or influenced the described situation. This paper will also review resources and allocation to prevent this type situation in the future
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between some key human factors and the production system and the need to incorporate organizational behavior issues in operations management [2]‚ [3]. The advantages derived from integrating human factors with production systems have been discussed [4]‚ [5]. These benefits have been established through surveys and actual implementations. In highly competitive companies‚ this integration has helped to increase productivity‚ reduce throughput times‚ and improve product quality. These findings present
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Abstract A fraud is an act of deceiving others for personal gain but is not usually followed by a crime. The symptoms of fraud or the red flags help understand the slight difference between a corporate fraud and a corporate crime. The continual financial frauds leading to corporate collapse and the failure of the statutory audit to detect and prevent fraudulent activities of the perpetrators lead investors and the firms and individuals to suffer. This contributed to the increased need for investigating
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