Corporate Governance and International Business David Crowther; Shahla Seifi Download free books at David Crowther & Shahla Seifi Corporate Governance and International Business Download free ebooks at bookboon.com 2 Corporate Governance and International Business © 2011 David Crowther‚ Shahla Seifi &Ventus Publishing ApS ISBN 978-87-7681-737-4 Download free ebooks at bookboon.com 3 Contents Corporate Governance and International Business Contents 1
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Does power or authority make order? Thomas Hobbes‚ in writing the Leviathan‚ proposes an answer to the question. However‚ there must first be a definition of the terms power‚ authority‚ and order. Hobbes classifies power in two categories: natural powers‚ which are basic powers of the body and mind such as physical strength and prudence‚ and instrumental powers‚ which are powers that are means and instruments to acquire more powers such as riches‚ reputation‚ and friends. These powers‚ together‚
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But on closer look‚ a simple dictionary defines it as “ According to the Collins World English Dictionary Responsibility is: “1. the state or position of being responsible 2. a person or thing for which one is responsible 3. the ability or authority to act or decide on one’s own‚ without supervision.” Traditionally‚ leaders and other command elites have not seen themselves accountable as individuals. They were either above the law‚ as sovereign -- rex non potest peccare ("the King can do no
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Good governance is an indeterminate term used in international development literature to describe how public institutions conduct public affairs and manage public resources. Governance is "the process of decision-making and the process by which decisions are implemented (or not implemented)".[1] The term governance can apply to corporate‚ international‚ national‚ local governance[1] or to the interactions between other sectors of society. The concept of "good governance" often emerges as a model
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Weber’s Typology of Authority Max Weber‚ who is also know as one of the principal architect of modern social science‚ also has the distinct honor of being one of the foremost social theorist in the 20th century (Kim‚ 2007). Weber argued that all oppressive structures and all uses of power must exist within a legitimated order which is based on a complex mixture of two kinds of legitimating factors: subjective and objective (Allan‚ 2005‚ p. 151). Underlying the subjective and objective legitimacy
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Corporate Governance Corporate Governance Corporate governance is concerned with set of principles‚ ethics‚ values‚ morals‚ rules regulations‚ & procedures etc. Corporate governance establishes a system whereby directors are entrusted with duties and responsibilities in relation to the direction of the company’s affairs. The term “governance” means control i.e. controlling a company‚ an organization etc or a company & corporate governance is governing or controlling the corporate bodies
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Examination Paper of Corporate Governance IIBM Institute of Business Management Examination Paper MM. 100 Corporate Governance Subject Code-C103 Section A: Objective Type & Short Questions (30 marks) This section consists of Multiple Choice questions & short questions. Answer all the questions. Part one questions carry 1 mark each & Part Two questions carry 5 marks each. Part One: Multiple Choices: 1. Corporate Governance is a) About ethical conduct in business b)
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Topic: Differentiate between power and authority and how they linked with leadership To answer this question of the difference between Power and Authority‚ we must first understand what both Power and Authority actually mean. According to the dictionary (www.dictionary.com) Power comes from the Latin ‘potere’ which means ‘to be able.’ Just from this little description we can tell that to have power would mean that you are able to do things or control people and resources. The dictionary then
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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 Director……………………………………………
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Signature Tutorial 2 Nolwazi Dlamini Traditional Authority is based on customs and tradition and the long established way of doing things. (Heywood‚ 2007:220). This authority tends to be irrational and inconsistent and perpetuates the status quo. Traditional authority does not change or evolve. Traditional authority helps to shape the political culture by keeping values such as receptivity‚ respect and duty. An example of this type of authority would be a patriarchal structure where “the servants
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