Corporate Governance Corporate Governance is a reflection of the company’s culture‚ their relationship with stakeholders and commitment to values. ONGC has a pioneer in benchmarking its corporate governance practices with the best in the world. ONGC Corporate Governance philosophy is based on the following principles:- Achieving high level of transparency‚ openness and accountability and fairness in all areas of operation. Promoting ethical conduct throughout the organization with primary
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The Corporate Values & Beliefs Good Corporate Governance rests on ethical business behaviour of being fair and civic minded‚ fulfilling duties to the varied stakeholders and building integrity and faith across all its operations. It ensures application of sound business principles keeping in view the interest of shareholders‚ health and welfare of employees‚ needs of customers‚ and all other stakeholders. This calls for greater responsibility requiring openness‚ transparency and accountability.
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objectives. Henceforth‚ corporate social responsibility commits a significant role towards the sustainability of corporations. Both corporate social responsibilities and sustainability‚ and its related concepts influence all aspects of business. Chandler and Werther (2010) acknowledge the understanding of corporate social responsibilities as an aim to define the future of our society. However‚ the apprehension of corporate social responsibility determines the corporate governances. As the question arises
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BLO 2205 Corporate Law Assignment Semester 1 2013 INTRODUCTION Under the Corporations Act 20011‚ all the directors and officers must be under Common Law duties and Statutory Law duties to exercise their powers in order to carry on one company. It is essential for officers and directors to impose the legal duties for purposes of minimizing wrongful or illegal behaviors’ risks. Briefly‚ the main fiduciary duties and statutory duties contains duty to act in good faith in the interests
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BACKGROUND Governance is the process by which a board of directors‚ through management‚ guides an institution in fulfilling its corporate mission and protects the intuitions assets over time. (principles and practices of microfinance governance‚ by Rachel Rock Maria Otero Sonia Saltzman). However‚ the success of and strength of a financial cooperative in some parts of the world shows that governance issues can be transcendence when basic principles are followed. Therefore is corporate governance the cause
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1) Legal effect of the internal governance rules s140 states that: “a company’s constitution (if any) and any replaceable rules that apply to the company have effect as a contract: a) Between the company and each member b) Between the company and each director and company secretary c) Between a member and each other member Under which each person agrees to observe and perform ... the rules so fas as they apply to that person”. Enforcing the internal governance rules First‚ s140 is limited in
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based on geography and functions. Hershey has a main corporate head-quarter in Pennsylvania where they make the majority of their operational and strategic decisions. They also have several manufacturing plants throughout and outside of the nation. Hershey and Hershey Entertainment and Resorts (a separate corporation) also has a zoo‚ amusement parks‚ hotels‚ etc. located in Pennsylvania‚ New York‚ and Chicago for visitors to enjoy. 2. Corporate structure is clearly understood by everyone in the
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“An Analysis of Corporate Collapses” MPA751 Financial Reporting and Analysis Unit Chair: Dr. Wen Qu. Student Name: Andrew William Giblin Student Number: 211221042 Due Date: Monday 20th August 2012 I certify that the attached work is entirely my own‚ except where material quoted or paraphrased is acknowledged in the text. I also declare that it has not been submitted for assessment in any other unit or course. Table of Contents Executive Summary 3 Introduction……………………………………………………………………………………………4
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BK5503 Islamic Banking January 2014 Semester INCEIF The Global University in Islamic finance MSc in Islamic Finance Are existing systems for Shari’ah governance adequate? How could they be improved? BK5503 Islamic Banking January 2014 Semester Name: Mohamad Zaky Bin Jailani Student ID: 1400025 Mohamad Zaky Bin Jailani 1400025 Page 1 BK5503 Islamic Banking January 2014 Semester Table of Contents Key Terms and Abbreviations 3 Abstract 3 1.0 Introduction
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What Went Wrong: Case Study of a Selected Corporate Scandal “In Texas‚ Robert Allen Stanford appeared to be yet another flamboyant billionaire. But in the breezy Caribbean money haven of Antigua‚ he was lord of an influential financial fief‚ decorated with a knighthood‚ courted by government officials and basking in the spotlight of sports and charity events on which he generously showered his fortune.” This quote from an article in The New York Times portrays the life of Mr. Stanford‚ owner of
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