Corporate governance is defined as the distribution of power in the company. In the 1990s‚ the great success of US economy let to the efforts to understand and copy American management methods. The Anglo-American view of corporate governance derives from generating long term economic gain to enhance shareholder value. An outside board of directors is hired. The boards of US companies are made up of friends and acquaintances of the CEO. The use of stock options ’ is another feature introduced
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No 502‚ June 2002 Jurajda‚ S King‚ R.G. and Levine‚ R. “Finance and Growth: Schumpter Might be Right”‚ Quarterly Journal of Economics‚ 1993a‚ 108‚ pp717-738 Kirby‚ D.A Kocenda‚ E. and Svenjar‚ J. “The Impact of Czech Mass Privatisation on Corporate Governance”‚ MCB University Press‚ Journal of Economic Studies‚ Vol 30‚ No ¾‚ 2003‚ pp278293 Levine‚ Ross McKinnon‚ Ronald. Money and Capital in Economic Development‚ Chapter 7: Financial Repression and Inflation‚ Washington D.C.‚ The Brookings Institution
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the foundation‚ which is to help‚ improved the quality of education. We want to clarify how Insular Life Foundation is related to over all mission and vision of the company? Answer: The foundation has its own vision‚ which is aligned to the corporate mission. “Committed partner for self-reliance and helping communities we served.” The key words in our vision are commitment‚ self-reliance and helping communities. When we say commitment‚ it refers to longevity. We make sure that in every project
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THE BENEFITS OF SARBANES-OXLEY AND CORPORATE GOVERNANCE MEASURED AGAINST THE COSTS Salim Motala A research project submitted to the Gordon Institute of Business Science‚ University of Pretoria‚ in partial fulfilment of the requirements for the degree of Master of Business Administration. 14 November 2007 ABSTRACT The Sarbanes-Oxley Act of 2002 (SOX) is the only legislated corporate governance structure‚ and is aimed at increasing investor confidence in public companies by forcing them
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Insert name Insert name of the course supervisor Insert name of the course Insert date assignment is due Why Corporate Governance is an Important Ethical Issue As consumer movements grow stronger and stakeholders become more knowledgeable and aware of company operations‚ it has become necessary for corporations to come to grips with ethical issues in order to continue surviving in business. Consumers and stakeholders are becoming increasingly aware of the adverse effects of unethical
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INTRODUCTION There has been considerable interest in recent years in the role of the audit committee as a key corporate governance mechanism. Corporate governance committees and regulators around the world have addressed the need for effective audit committees‚ with many requiring that listed companies must have a committee (European Union (EU) 8th Company Law Directive‚ 2006; Smith Report‚ 2003; United States (US) Congress‚ 2002). Recognising that the existence of a committee does not
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Corporate Governance in India: Disciplining the Dominant Shareholder Abstract The nascent debate on corporate governance in India has tended to draw heavily on the large Anglo-American literature on the subject. This paper argues however that the corporate governance problems in India are very different. The governance issue in the US or the UK is essentially that of disciplining the management who have ceased to be effectively accountable to the owners. The problem in the Indian corporate sector
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Using advetisering to place the producrt in desirable situations and surroundings with the targetgroup The marketing department has ownership and responsibility Old Cocacola advertisements – about having fun IBM was known as a corporate branding ….. Corporate Branding 1.0 Started out like product branding Heavy use of graphic deisgn‚ logos and symbols COmmunication through campaigning – ads One-way communication – no dioloque (Just one stakeholder) Only targeting the customers and
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describes where we are going. Environmental scanning: Types of strategies: Corporate strategy: describes a company’s overall direction in terms of its general attitude toward growth and the management of its various businesses and product lines. Corporate strategies typically fit within the three main categories of stability‚ growth‚ and retrenchment. Cadbury Schweppes‚ for example‚ was following a corporate strategy of retrenchment by selling its marginally profitable soft drink business
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experience’’‚ working paper‚ Central Bank of Nigeria. Odife‚ D.O. (1988)‚ Privatization in Nigeria: Concepts‚ Issues and Modalities‚ Alkestis Books‚ Lagos‚ Nigeria. Omole‚ D.A. and Falokun‚ G.O. (1999)‚ ‘‘The impact of interest rate liberalization on the corporate financing strategies of quoted companies in Nigeria’’‚ AERC research paper # 88‚ African Economic Research Consortium. Onyenankeya‚ K. (2004)‚ ‘‘Central bank decries gap between deposit and lending rates’’‚ Daily Independent Online‚ 14 January available
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