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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OECD Principles of Corporate Governance Since they were issued in 1999‚ the OECD Principles of Corporate Governance have gained worldwide recognition as an international benchmark for good corporate governance. They are actively used by governments‚ regulators‚ investors‚ corporations and stakeholders in both OECD and non-OECD countries and have been adopted by the Financial Stability Forum as one of the Twelve Key Standards for Sound Financial Systems. The Principles are intended to assist in the
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« OECD Principles of Corporate Governance 2004 © OECD‚ 2004. © Software: 1987-1996‚ Acrobat is a trademark of ADOBE. All rights reserved. OECD grants you the right to use one copy of this Program for your personal use only. Unauthorised reproduction‚ lending‚ hiring‚ transmission or distribution of any data or software is prohibited. You must treat the Program and associated materials and any elements thereof like any other copyrighted material. All requests should be made to: Head of Publications
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Costs and Corporate Governance I Introduction Before analysing problems that occur when institutional ownership and control are separated‚ it should be outlined why institutions exist at all. Therefore‚ chapter two examines why organizations occur in economy. Chapter three addresses the agency problem‚ based on this organization. Chapter four addresses the common ways to solve the agency problem and chapter five gives a comparison over the three most important corporate governance systems‚ namely
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The American regulatory model of corporate governance rests on the theory of self regulation as the most efficient means to achieve corporate self-control in the marketplace. However‚ that model fails to achieve regular compliance with baseline ethical and legal behaviours as evidenced by a century of repeated corporate debacles‚ the most recent being Lehman’s Brothers. Lehman’s Brothers Holdings Inc was a global financial services firm who provided services like investment banking‚ equity and fixed
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the paper: CHANGING SCENARIO OF CORPORATE GOVERNANCE Authors : *Jaspreet Kaur‚ Lecturer in Department of Commerce‚ Sri Aurobindo College of Commerce and Management‚ Ferozepur Road‚ Ludhiana. E- mail: jas_2347@rediffmail.com‚ Phone No: 9915509226 CHANGING SCENARIO OF CORPORATE GOVERNANCE *Jaspreet Kaur ABSTRACT Corporate governance has been a highly discussed issue
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This is a report of performance analysis of the company entitled City Bank. The ratio analysis will help to compare the financial performance of the company‚ with Southeast Bank Limited. The period of analysis is from 2004 to 2009. The performance of City Bank has been analyze in terms of ➢ Liquidity ➢ Leverage ➢ Activity (efficiency) ➢ Profitability ➢ Market Position I have selected City Bank because it has been one of the leading banks in the banking industry
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BUSINESS ETHICS & CORPORATE GOVERNANCE OCS AGENDA • Understanding Ethics • Managing Business Ethics • Corporate Social Responsibility • Complexity of Ethical Issues • Ethical Leadership • Evaluation of Corporate Governance • Internal & External Corporate Governance mechanisms • Corporate Governance Ratings OCS Scams OCS Values • Fundamental beliefs • Principles for good‚ right and just • Evaluate something vis-à-vis a Standard • Integrity‚ Patriotism‚ Fairness OCS Morals • Values attributing
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CORPORATE GOVERNANCE – CONCEPTUAL FRAMEWORK INTRODUCTION: The great Indian master of Political Science Kautilya mentioned four functions of a king in his well-known book Arthashastra -1.Raksha or protection‚ 2.Vriddhi or enhancement‚ 3.Palana or maintenance‚ and 4.Yogakshema or wellbeing or safeguard. It is the sacred duty of the state to protect the person and property of its subject to enhance their wealth‚ to maintain them and to safeguard their interest in general. This noble concept
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Definitions of corporate governance B. Theories behind corporate governance 1. Agency problem 2. Stewardship theory 3. Resource dependency theory 4. Stakeholder theory 5. Political theory 6. Transaction cost economics 7. Ethical theory C. Principles of corporate governance D. SOX Act‚ E. Enron Scandal‚ Conclusion I. Introduction: The concept of corporate governance in legal and economic terms is equivalent to “the defense of shareholders”. Corporate governance is the response to
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