Corporate Misgovernance at the World Bank Ashwin Kaja Eric Werker Working Paper 09-108 Copyright © 2009 by Ashwin Kaja and Eric Werker Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Corporate Misgovernance at the World Bank Ashwin Kaja Eric Werker* Abstract We test for evidence of corporate misgovernance
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1.1 Introduction Corporate governance has been the subject of numerous theoretical and empirical studies especially after the fraudulent reporting scandals such as Enron‚ World.com‚ Adelphia‚ and Parmalat.it has come to mean many things. Traditionally and at fundamental level the concept refers to corporate decision making and control‚ particularly the structure of the board and its working procedures‚ Hermes (1994). Jenifer (2002) defines corporate governance as a set of interlocking riles by which
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One.Tel and its corporate governance issues Table of contents Introduction One.Tel collapse Impact of One.tel collapse Legal proceedings against One.tel’s directors Things can be learnt from One.tel’s failure Conclusion Introduction Lack of proper corporate governance can be a disaster for campanies. In recent years‚ major Australian companies such as HIH‚ One.tel and Harris Scarfe failed under dramatic and high profile circumstances. As a result‚ executive and non executive directors
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Narwani Class: 11th Com J Subject: MARKETING THE INDIAN HIGH SCHOOL DUBAI JANUARY - 2013 Remarks: _______________________. Signature: ______________________. THE INDIAN HIGH SCHOOL‚ DUBAI BONAFIDE CERTIFICATE Certified that this project report “Corporate Wars” is the bonafide work of “KARAN NARWANI” who carried out the project work under my supervision. _____________________________. Teacher In-charge (Mrs.Megha Rohra) Firstly‚ I would like to thank my marketing teacher Mrs. Megha
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THE RECALCITRANT DIRECTOR AT BYTE‚ INC.: CORPORATE LEGALITY VS. CORPORATE RESPONSIBILITY BACKGROUND OF THE CASE (INTRODUCTION) Byte products have three existing plants operating at full capacity (24 hours a day & 7 days a week). The new plant proposed to be built in the South Western US will require 3 years before it is fully on line. This means that byte cannot meet the anticipated demand for its products. Alternative courses have been exploded- 1.) Licensed byte products and technology
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REPORT RE: RECENT ACCOUNTING AND CORPORATE GOVERNANCE SCANDALS Contents INTRODUCTION: 3 CORPORATE GOVERNANCE 5 CORPORATE GOVERNANCE IN IRELAND 5 RESPONSE FROM REGULATORS TO THE MOST RECENT SCANDALS IN BANKING SECTOR 7 US CORPORATE GOVERNANCE at a time of Tyco scandal 8 RESPONSE FROM THE REGULATORS -SARBANES-OXLEY ACT 2002 9 AUDIT 10 EXTERNAL AUDIT 10 INTERNAL AUDIT 11 INTRODUCTION TO ANGLO IRISH BANK 12 The Scandals 12 Loans to Sean Fitzpatrick 13 Irish Life and Permanent
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management The concept of strategy ➢ Strategy is the great work of organization. In situations of life or death it is the Tao of survival or extinction. Its study cannot be neglected. ----SUN TZU‚ The Art of War.2500 B.C ➢ Strategy is about winning. ➢ Strategy is not a detailed plan or program of instructions‚ it is a unifying theme that gives coherence and direction to the actions and decisions of an individual or an organization. Characteristic of a winning strategy ➢ Goals that
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Definition of Corporate Governance “The process and structure used to direct and manage the affairs of the business towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long-term shareholder value‚ whilst taking into account the interests of other stakeholders”. Prior to the establishment of this definition‚ there were 4 others namely by; The Cadbury Report (1992) defined corporate governance as „a whole system of controls by which
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also strive to create a sustainable environment in order to achieve long-term profits. While all of the above relationships are valuable‚ none should be dominant over the others. The CEO should be accountable to set up a holistic strategy that captures the needs of corporate governance‚ which “emphasized a manager’s accountability to multiple constituencies besides the shareholders” (1). This will allow the organization to maximize its value in the long term. Companies are networks of parties and people
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profitability and responsibility. To create value for all stakeholders‚ corporate leaders meet these demands with integrated strategic philanthropic programs. More and more companies encourage and embrace greater collaboration and cooperation between corporations and communities. I. The competitive advantage of corporate philanthropy In this first part‚ we will demonstrate that usually businesses that choose to employ corporate giving attitude benefit in many different ways from their actions.
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