look for options to record the sale of 1.2 million in equipment by December 31 to boost earnings on financial statements. The purchasing company does not want the order of equipment delivered until the middle of January. Identifying the legal issues involved and considering state and federal laws and how they apply to the case. Alternative one transferring equipment to an offsite warehouse owned by Excello by December 31 and holding it until January 11 when it could be shipped to data equipment
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Corporate governance – Intended learning outcomes Students should be able to Identify different forms of corporate governance Evaluate the influence of organisational stakeholders on a firm’s purposes and performance Conduct stakeholder mapping Exhibit 4.1 Influences on strategic purpose Corporate Governance Corporate governance refers to the influence and power of the stakeholders to control the strategic direction of the organisation (Lynch‚ p.362) The chain of corporate governance:
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A Comparison of Corporate Governance in China and India With the U.S. Dr. Steven Mintz‚ California Polytechnic State University‚ San Luis Obispo‚ CA Dr. Sudha Krishnan‚ California State University‚ Long Beach‚ CA ABSTRACT We examine corporate governance systems in China and India and compare them to provisions of the Sarbanes-Oxley Act and NYSE listing requirements in the U.S. In China‚ the influence of the State as the primary investor in state-owned enterprises restricts the degree to which the
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Chapter 1 Introduction Corporate governance (CG) is an important effort to ensure accountability and responsibility and is a set of principles‚ which should be incorporated into every part of the organization. The need for corporate governance arises from the potential conflicts of interest among stakeholders in the corporate structure. These conflicts of interest often arise from two main reasons. First‚ different stakeholders have different goals and preferences. Second‚ the stakeholders
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The boards of directors are responsible for the governance of their companies so there has to be transparency in company reporting. Transparency is key aspect of corporate governance because of implementing corporate governance this will allow stakeholders and shareholders to review and evaluate performance of management and the company this ensures that the board of directors and the executive directors of corporations act in the best interest of shareholders and the corporations. It is implemented
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CORPORATE GOVERNANCE - ROLE OF BOARD OF DIRECTORS People often question whether corporate boards matter because their day-today impact is difficult to observe. But‚ when things go wrong‚ they can become the center of attention. Certainly this was true of the Enron‚ Worldcom‚ and Parmalat scandals. The directors of Enron and Worldcom‚ in particular‚ were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs‚ of which $13 million was out of pocket
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Chapter 1 Comparative Corporate Governance and Financial Goals End-of-Chapter Questions 1. Corporate goals: shareholder wealth maximization. Explain the assumptions and objectives of the shareholder wealth maximization pmodel. Answer: The Anglo-American markets have a philosophy that a firm’s objective should follow the shareholder wealth maximization (SWM) model. More specifically‚ the firm should strive to maximize the return to shareholders‚ as measured by the sum of capital gains and dividends
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summary……………………………………………………………. …12 2.0 CHAPTER TWO: LITERATURE REVIEW……………………………… 13 2.1 Introduction..…………………………………………………………………....13 2.2 theoretical framework…………………………………………………………..13 2.3 Good corporate governance and operating costs…………………………….…18 2.4 Correlation between good corporate governance and performance ratios……...20 2.5 Chapter summary……………………………………………………………… 24 3.0 CHAPTER THREE: RESEARCH METHODOLGY………………...……25 3.1 Introduction …………………………………………………………………… 25 3.2 Research design…………………………………………………………………25
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Good corporate governance helps to ensure that corporations take into account the interests of a wide range of constituencies‚ as well as of the communities within which they operate‚ and that their boards are accountable to the company and the shareholders. This‚ in turn‚ helps to assure that corporations operate for the benefit of society as a whole. Stakeholders typically include investors‚ managers and employees‚ customers‚ suppliers and other business partners‚ and local communities. Corporate
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Common themes in Corporate Governance Scandals According to ACCA (2014) “Corporate governance is the system by which companies are directed and controlled”‚ also the corporate governance definition in the ACCA (2014) and Financial Times (2015) are quite different but similar at the same time‚ “How a company is managed‚ in terms of the institutional systems and protocols meant to ensure accountability and sound ethics. The concept encompasses a variety of issues‚ including disclosure of information
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