Overview of Corporate Governance Corporate Governance is more than just corporate management. In broader sense‚ it includes a fair‚ efficient and transparent administration to meet certain well defined objectives. It is a system of structuring‚ operating and controlling a company with a view to achieve long term strategic goals to satisfy shareholders‚ creditors‚ employees‚ customers and suppliers and complying with the legal and regulatory requirements‚ apart from meeting environmental and local
Premium Corporate governance Management Corporation
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
Premium Corporate governance Corporation Board of directors
the paper: CHANGING SCENARIO OF CORPORATE GOVERNANCE Authors : *Jaspreet Kaur‚ Lecturer in Department of Commerce‚ Sri Aurobindo College of Commerce and Management‚ Ferozepur Road‚ Ludhiana. E- mail: jas_2347@rediffmail.com‚ Phone No: 9915509226 CHANGING SCENARIO OF CORPORATE GOVERNANCE *Jaspreet Kaur ABSTRACT Corporate governance has been a highly discussed issue
Premium Corporate governance Board of directors
CORPORATE HISTORY. Akio Morita‚ Masaru Ibuka‚ and Tamon Maeda (Ibuka’s father- in- law) started Tokyo telecommunications Engineering in 1946 with funding from Morita’s father’s sake business. The company produced the first Japanese tape recorder in 1950. Three years later‚ Morita paid Western Electric (US) $25‚000 for transistor technology licenses‚ which sparked a consumer electronics revolution in Japan. His firm launched one of the first transistor radios in 1955‚ followed by the first
Premium Sony Corporate governance
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
Premium Corporate governance Financial services Subprime mortgage crisis
ASSIGNMENT COVER SHEET (to be completed by the student) AIB student ID number: A001426633 Student name: Mellisa Layne Course name: MBA Generic Subject name: Corporate Governance Subject facilitator: Kamla Rampersad de Silva Teaching Centre: Nations University No. of pages: 15 Word count: 2504 DECLARATION I‚ the above named student‚ confirm that by submitting‚ or causing the attached assignment to be submitted‚ to AIB‚ I have not plagiarised any other person’s work in this assignment
Premium Corporate governance Board of directors
Governance Structures & Corporate Culture Introduction This paper explores a few elements found in any healthcare organization or business organization in general‚ in particular‚ certain organizational structures and hypothetical constructs. First‚ consideration is given to some of the provisions of governance found in healthcare organizations. Consideration is also given to some of the possible antecedents and organizational outcomes of responsible leadership and on ethical decision making
Premium Governance Health care Existentialism
Definitions of corporate governance B. Theories behind corporate governance 1. Agency problem 2. Stewardship theory 3. Resource dependency theory 4. Stakeholder theory 5. Political theory 6. Transaction cost economics 7. Ethical theory C. Principles of corporate governance D. SOX Act‚ E. Enron Scandal‚ Conclusion I. Introduction: The concept of corporate governance in legal and economic terms is equivalent to “the defense of shareholders”. Corporate governance is the response to
Premium Financial statements Corporate governance Enron
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
Premium Corporate governance
McBride Transparency in Corporate Governance MMPBL/570 May 7‚ 2012 Thomas Kershaw McBride: Transparency In Corporate Governance Many recent corporate governance scandals have caused government to implement a number or regulatory modifications. One factor in relation to these changes is improved disclosure requirements. An example‚ Sarbanes-Oxley (SOX)‚ created because of Enron‚ WorldCom‚ and additional public governance malfunctions‚ with detailed reporting of off-balance sheet financing
Premium Corporate governance