This week we want to address what regulatory compliance means and the role of IT in maintaining corporate compliance and what can happen to organizations and their senior management if they ignore compliance mandates. To start with we need to explain what regulatory compliance means. "Regulatory compliance is an organization’s adherence to laws‚ regulations‚ guidelines and specifications relevant to its business. Violations of regulatory compliance regulations often result in legal punishment‚ including
Premium Information security Security Internal control
THEORIES OF LEADERSHIP There are eight major leadership theories 1. "Great Man" Theories Assume that the capacity for leadership is inherent – that great leaders are born‚ not made. These theories often portray great leaders as heroic‚ mythic and destined to rise to leadership when needed. The term "Great Man" was used because‚ at the time‚ leadership was thought of primarily as a male quality‚ especially in terms of military leadership. 2. Trait Theories It assume that people inherit certain
Premium Leadership Management Situational leadership theory
WHAT IS CORPORATE GOVERNANCE? Nowadays people in the business world are talking about good corporate governance. Companies with good corporate governance are perceived by the public as a company that been handled properly by its management. Few companies had been names as among the worst in corporate governance like Enron‚ World.com and Barings. But what is exactly corporate governance? The term ‘corporate governance’ is coming from two words. The adjective ‘corporate’ comes from the noun
Premium Corporate governance Management Business ethics
Introduction: A discussion on corporate regulation and governance is of great importance in today’s economic world. A number of high profile collapses such as HIH‚ One Tel‚ Harris Scarfe‚ Ansett‚ focuses ones attention on governance issues. Nevertheless‚ corporate governance is not a static thing and even if basic structures remain the same‚ policies and procedures surrounding those structures should constantly be reviewed to ensure that the structure is working properly. Globalisation yields challenges
Premium Corporate governance Public company
Introduction 4 Evolution of Corporate Governance in United States 4 A Case Study - Tesco PLC Company 5 Agency Theory 7 Stakeholder Theory 8 Corporate Governance issues in Tesco Company 8 Conclusion 9 References 11 Abstract Corporate governance is an essential part of every organisation and is defined as a set of rules‚ techniques and practices by which a company is coordinated and controlled according to aims and goals of the Organisation. Corporate governance basically includes adjusting the
Premium Corporate governance Board of directors
With reference to the Oxford English Dictionary (2012)‚ ethics is described as the science of morals. It is also the agency of study with regards to the values of moral obligations of what is right or wrong. It also covers human behaviour. A company makes many decisions in a course of one day. It may include‚ launching new products‚ doing Public Relations‚ making sales‚ rewriting company policies and the recruitment or retrenchment of people‚ just to name a few. All business aims to do so ethically
Premium Ethics Utilitarianism
are the key characteristics of the U.S. model of corporate governance? How does the U.K. model compare with the diverse models in continental Europe and differ to the US model? There are many characteristics of the U.S. model of corporate governance that contribute to its effectiveness. We describe governance in regards to the board of directors‚ external auditors‚ the SEC‚ state laws‚ and stock exchanges. We then compare the U.S. governance model to that of U.K. and other models in continental Europe
Premium Corporate governance Board of directors
NO. LE08-027 Models of Internet Governance Lawrence B. Solum University of Illinois – College of Law This paper can be downloaded free of charge from the Social Science Research Network at: http://ssrn.com/abstract=1136825 978–0–19–956113–1 03-Bygrave-c02 OUP337-Bygrave (Typeset by SPi‚ Delhi) 48 of 91 September 3‚ 2008 17:23 2 Models of Internet governance Lawrence B. Solum 2.1. What is Internet Governance? Internet governance is a large‚ complex‚ and ambiguous
Premium Internet Internet Protocol Suite
Enter IT Governance: Why? What? How? Why do organization need IT Governance? One of the goals of IT Governance (ITG) is to balance the functional needs of the business with the (technical) needs of the IT organization. In other words: ITG needs to ensure that the business gets from IT what they need (which is
Premium Rooms Family Mother
Having a common governance framework can play a critical part in assisting board members to better comprehend their oversight roles. The framework should have parts that contribute to effective governance and contain tools that address the risks associated with governance risks. A framework will additionally give a more pertinent build to assessing how management’s obligations fit with the board’s oversight responsibilities. There are four attributes that help assess the board’s performance level
Premium Management Corporate governance Corporation