It was like riding a tiger‚ not knowing how to get off without being eaten B. Ramalinga Raju When Ramalinga’s once in a life time quote become public‚ somebody ridiculed – he should have figured out ‘the get off without being eaten’ problem before getting on the tiger. But then the other said –‘did not he know from the start that it was a tiger?’ The problem with ethics in business‚ or in more open words‚ the problem with fraud in business is that people know that they are coming fraud but they
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CORPORATE SYSTEMS MANAGEMENT What is Corporate Systems Management? In order to understand this‚ we need to understand the elements within Corporate Systems Management. First thing is what is a system? A system is a set of objects together with relationships between the objects and between their attributes (Wikipedia‚ 2007). In an organisation the systems have to be organised in a systematic approach‚ allowing the system to be analysed and into the smallest elements through a top-down or bottom-
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The difference between Management and Governance: Analysis in the context of Small and Medium Enterprises –SMEs. By Callixte NYILINDEKWE I. Introduction: Traditionally‚ corporate governance has evolved around the contract theory and agency problem based on separation of ownership and management (Dube‚ 2011). The benefits of this separation derive from the monitoring by the board of the CEO activity in the interest of shareholders‚ and generally in the interest of all stakeholders
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Bernie Madoff did not work alone. One reason is because a scheme of this magnitude would have been difficult for one man‚ even one as smart as Madoff‚ to pull off alone. Because of his long career and the amounts being traded at the end of 2009‚ the probable answer is that some people involved with Madoff were knowingly skirting financial rules and procedures. Some should be made aware of the legal fuzziness that exists within the financial sector. Such fuzziness has‚ in part‚ been deliberately created
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Recently the terms "governance" and "good governance" are being increasingly used in development literature. Bad governance is being increasingly regarded as one of the root causes of all evil within our societies. Simply put "governance" means: the process of decision-making and the process by which decisions are implemented (or not implemented). Since governance is the process of decision-making and the process by which decisions are implemented‚ an analysis of governance focuses on the formal
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shareholders lose their investments‚ and societies lose key parts of their economic infrastructure‚ have you noticed that it often appears that the senior directors involved walk away with a clear conscience and they seem to be unaffected by the corporate collapses they have created. They present themselves as glibly unbothered by the chaos around them‚ unconcerned about those who have lost their jobs‚ savings and investments‚ and lacking any regrets about what they have done. Some of these individuals
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Yahaya Ismail Legal and Regulatory Issues in Islamic Banking and Finance Guiding Principles for Shariah Governance System Professor: Dr. Kazeem Yavari For Institutions Offering Islamic Financial Services (IFSB Standards) 25/05/2011 INTRODUCTION: The Islamic Financial Service Board is an international financial organization. It was founded in 2003 and issues guiding principles and standards within the Islamic banking and financial sector. It aims to promote stability and order in the Islamic
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Mark&Spencer Governance Structure Corporate Governance 1. Group Board The board’s role is what management is doing‚ holding them accountable for performance against the targets and standards‚ probing and challenging their thinking to make sure that they are on the right track. The Board works closely with management in thinking through their direction and long-term plans‚ the opportunities‚ the risks and making sure we are developing the right management team for the future. The non-executives
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Corporate identity – the management of the process of change in the name/logo in the context of brands’ merger Joana César Machado Paulo de Lencastre Pedro Dionísio Universidade Católica Portuguesa E-mail: jcmachado@porto.ucp.pt E-mail: plencastre@porto.ucp.pt Instituto Superior de Ciências do Trabalho e da Empresa E-mail: pedro.dionisio@imr.pt Abstract The creation of strong corporate identity‚ including identity signs‚ is crucial for companies to encourage positive attitudes in
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By looking at Morrison’s Corporate Governance we can see that a lot of work has been done during the year in order to comply with each of the point of the UK Corporate Governance Code. Effectiveness of the Board was considered within the context of three key criteria: * Ability to achieve its objectives with regard to company strategy * Ability to work together effectively * Ability to maximise its use of time There also was some training received by the Board during the year on different
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