Chapter One Introduction 1.1 Corporate Governance: Corporate governance is a combination of corporate policies and best practices adopted by the corporate bodies to achieve its objectives in relation to their stakeholders. It is also the field of economics‚ which studies the many issues arising from the separation from ownership and control. The fundamental objective of corporate governance reforms is to enhance transparency and transparency enhances accountability. It is widely recognized that
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To what extent are the banks of Mauritius complying with the national code of corporate governance? CHAPTER 1 INTRODUCTION Sir Adrian Cadbury (2002) stated that corporate governance is “the direction and control process within an organization”. Corporate governance is a systematic approach of controlling and monitoring a business operation. The term corporate governance has came to light in the 19th Century when the theory of separation of ownership and control developed.
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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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Case Study A Case Study in Corporate Governance & Ethical Auditing Satyam Fiasco & Role of PwC as an Auditor Group I Submitted By: Aditya Zutshi Ambrish Mani Piyush Anandani Ravinder Pal Singh Dhillon Abstract & Approach On Dec 16‚ 2008‚ Satyam declared to buy entire stakes in Maytas Properties for $1.3 Billion & 51% stakes in Maytas Infra for another $300 Million. By this action‚ the investors were furious. This was because of the move to invest in a promoter-related
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subscription information: http://www.informaworld.com/smpp/title~content=t791720496 Comparative and International Corporate Governance Ruth V. Aguileraa; Gregory Jacksonb a University of Illinois at Urbana-Champaign‚ b Freie Universität Berlin‚ First published on: 05 July 2010 To cite this Article Aguilera‚ Ruth V. and Jackson‚ Gregory(2010) ’Comparative and International Corporate Governance’‚ The Academy of Management Annals‚ 4: 1‚ 485 — 556‚ First published on: 05 July 2010 (iFirst) To link to
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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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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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Corporate Governance & Board of Directors The Corporate Governance of any business is the relationship among the board of directors‚ management and shareholders to help in determining the path and performance of the corporation (Hunger & Wheelen‚ 2007‚ p. 18). Although laws and standards vary‚ the board of directors is: · Those who set the overall path‚ vision and mission within the business. · Those who make the decisions to hire and‚ or fire any top management member (Hunger & Wheelen‚ 2007
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Corporate Governance Blueprint 2011 Towards Excellence in Corporate Governance Suruhanjaya Sekuriti Malaysia 3 Persiaran Bukit Kiara Bukit Kiara 50490 Kuala Lumpur Malaysia Tel: 603-6204 8000 Fax: 603-6201 5078 www.sc.com.my Copyright © July 2011 Securities Commission Malaysia All rights reserved. No part of this publication may be reproduced‚ stored in or introduced into a retrieval system‚ or transmitted in any form or by any means (graphical‚ electronic‚ mechanical‚ photocopying
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320 Corporate Governance: An International Review‚ 2009‚ 17(3): 320–337 Women Directors on Corporate Boards: A Review and Research Agenda Siri Terjesen*‚ Ruth Sealy and Val Singh ABSTRACT Manuscript Type: Review Research Question/Issue: This review examines how gender diversity on corporate boards influences corporate governance outcomes that in turn impact performance. We describe extant research on theoretical perspectives‚ characteristics‚ and impact of women on corporate boards (WOCB) at
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