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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SCHOOL OF BUSINESS STUDIES DIPLOMA IN BUSINESS STUDIES (ACCOUNTING) YEAR 3 - SEMESTER 1 ABBL 3144 CORPORATE LAW AND GOVERNANCE COURSEWORK 1 LIEW MEI MEI 11SBD01697 OOI TZE CHI 11SBD06409 SYNDHRA SIMIN 11SBD06051 WONG YEE MUN 11SBD00641 TUTORIAL GROUP: SDAC2 (B) TUTOR: MS CHONG PIT KEE DATE OF SUBMISSION: 17TH JUNE 2013 TABLE OF CONTENT Cover Page | 1 | Table of Content | 2 | Plagiarism Statement | 3 | Assignment Questions | 4 | Content
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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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CORPORATE GOVERNANCE OF HONGKONG 1. Overview of recent corporate governance reforms A. Recent initiatives There have been numerous recent changes in Hong Kong in relation to corporate governance matters‚ extending well beyond legislation and nonbinding codes. The roles of relevant regulators have also been examined and proposed changes made. As far as legislation is concerned‚ the most significant change is the introduction of the Securities and Futures Ordinance‚ which came into force on
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Discuss the reasons for motivating the increasing interest in corporate governance and the benefits of good corporate governance Corporate governance is defined by the OECD principles as the relationship between management of a company‚ its shareholders‚ its board and other stakeholders. It is a system which is used for the purpose of controlling and directing the companies. Corporate governance is not a new concept but it has got popularity in the last few decades due to various crises such as:
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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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examples resulting in topics on corporate Governance and Business Ethics being included by many universities and autonomous institutions in their curriculum post liberalization. January 7‚ 2009 will be etched in the annals of India ’s corporate history as it brought to light one of the biggest scams in India. It was on this day that chairman B Ramalinga Raju of Satyam Computer Services considered to be one of the torchbearers of India ’s new economy‚ confessed to a corporate fraud amounting to Rs 7
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which serve as examples of good CG. GSK * Chairman of board is independent director along with 5 others in in board. Transparency is valued Infosys * Creating wealth legally and ethically Tata * One of the giants and still fascinating governance * In sync with the values * Very elaborate code of conduct Board composition and structure One of the major flaw ways in the board structure is everyone was quiet about the rising storm dominated by power and status of Bright. There
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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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Final Exam Different committees have to be established and put into process in order for a company to represent good corporate governance. The Audit Committee is significant in regards to corporate governance because it assist the board of directors in achieving the fiduciary and financial responsibilities to shareholders as well as assuring corporate governance accountability. Audit committees are mainly accountable for the quality connected to such matters as: • Regulatory and legal
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