Corporate Governance The Role of Institutional Investors in Promoting Good Corporate Governance Corporate Governance The Role of Institutional Investors in Promoting Good Corporate Governance This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. This document and any map included herein are without
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A Study on Effective Implementation of Internal Audit Function to Promote Good Governance in the Public Sector Zeleke Belay (BA‚ BSc‚ ACCA‚ MSc‚) Lecturer at College of Telecommunication and Information Technology Department of Telecommunication Management Email: zelekebly@yahoo.com Mobile: 251 9 11 66 98 61 Office : 251 11 416 99 00 P.o Box: 1413‚ Code 1110 Addis Ababa Presented to the “The Achievements‚ Challenges‚ and Prospects of the Civil Service Reform Program Implementation in Ethiopia”
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SUMMARY Governance is as defined as the rule of the rulers. In Islamic financial institutions (IFIs) corporate governance plays significant and substantial role in sustaining the existence of IFIs as it promotes transparency‚ accountability and fairness while dealing with the industry but it depends on the regulation‚ legal and institutional environment in which company operates. At present‚ two concept of governance being practice are corporate governance and shariah governance being imply in Islamic
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CORPORATE GOVERNANCE: EFFECTS ON FIRM PERFORMANCE AND ECONOMIC GROWTH by Maria Maher and Thomas Andersson ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT © OECD 19992 CORPORATE GOVERNANCE: EFFECTS ON FIRM PERFORMANCE AND ECONOMIC GROWTH TABLE OF CONTENTS SUMMARY.................................................................................................................................................... 3 I. Introduction......................................................
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employed in SMEs 1.23 Ethics? (Mitchell 2003‚ p.8) 1.26 Professional ethics Mintz (1992) Situational ethics Bertrand Russell (1955) 1.27 Governance (Carnegie 2009‚ p.8) – conformance & performance 1.28 Corporate governance (OECD April 1999 and valid for OECD 2004) – ‘Direction’ & ‘Control’ Enterprise Governance – ‘Corporate Governance’ & ‘Business Governance’ (IFAC PAIB‚ 2004) 1.30 Professional? ‘Public Trust’ vs ‘professional judgments’ 1.31 Attributes of the profession Greenwood (1957)
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National interest The Tata group is committed to benefit the economic development of the countries in which it operates. No Tata company shall undertake any project or activity to the detriment of the wider interests of the communities in which it operates. A Tata company’s management practices and business conduct shall benefit the country‚ localities and communities in which it operates‚ to the extent possible and affordable‚ and shall be in accordance with the laws of the land. A Tata company
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1991 - 1999 : Raising the Profile of MAICSA e-mail print With these epochal and momentous events behind it‚ MAICSA entered the decade of the nineties stronger and surer of itself. A series of memorable events marked the chairmanship of Mardzuki Abdullah who served for two years from 1990 to 1991. The year 1991 witnessed the first convocation ceremony for ICSA graduates held on 27 July. It was officiated by Datuk Dr Fong Chan Onn‚ the Deputy Minister of Education. It was a historic and personally
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firm’s stock helps align the interests of managers with those of stockholders by increasing the costs to managers of shirking or excessive asset use. It also helps attenuate the horizon problem if share prices quickly adjust to reflect changes in corporate value. On the other hand‚ large managerial ownership may increase operational efficiency by improving managerial incentives. Compensation Compensation contracts are composed in order to provide managers with incentives and to motivate them
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Ranbaxy’s criminal guilty plea and $500 million in fines and penalties has brought back the spotlight on corporate governance. The criminal case focused on sales in the US market. However‚ if media reports are to be believed‚ Ranbaxy committed systemic fraud in its worldwide regulatory filings. The US case dates back to the year 2004. This is the initial year when the Corporate Governance Code‚ which was issued by Sebi in the year 2000‚ was made mandatory. Therefore‚ it is quite likely that many
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This model of corporate governance and subsequent research focused on resolving conflicts of interest between corporate management and shareholders (Jensen and Meckling‚ 1976) and has largely adopted an agency theory approach. Key assumption is that the principals and agents are anxious to maximise their own utilities at each others’ expense. As a result‚ there is almost always a divergence of objectives between the goals of the management and those of the shareholders. Governance seeks to reconcile
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