Question: Critically analyse the state of corporate governance in both the private and public sector in Zimbabwe. [100] Introduction The definition of corporate governance most widely used is "the system by which companies are directed and controlled" (Cadbury Committee‚ 1992). More specifically it is the framework by which the various stakeholder interests are balanced‚ or‚ as the IFC states‚ "the relationships among the management‚ Board of Directors‚ controlling shareholders‚ minority shareholders
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Cover Page ◦Title Corporate Governance: Relevance and significance in the current Corporate environment. ◦Abstract This article will discuss whether the concept of Corporate Governance appears to make a difference in the way in which companies are managed at board level. It will also briefly mention whether the recent economic turmoil in major and minor companies alike‚ would have been due to a lack of proper corporate governance. It will also explore in brief about the principles
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Corporate Communication and the Corporate Brand Peggy Simcic Brønn (From: Corporate Communication: A Strategic Approach to Building Reputation (2002)‚ Brønn‚ P.S. and R. Wiig (eds.)‚ Oslo: Gyldendal.) The first years of the 21st century have been hard on companies and their brands. It is predicted that Firestone is dead as a brand as a result of its defective tires used on Ford SUVs‚ which tipped over causing loss of lives. Arthur Anderson is feverishly trying to find partners for its many
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TOYOTA MOTOR CORPORATION Akio Toyoda Telephone Number: 0565-28-2121 Code Number: 7203 http://www.toyota.co.jp Corporate governance at Toyota Motor Corporation (“TMC”) is as follows: I. TMC ’s Basic Policy on Corporate Governance and Capital Structure‚ Business Attributes and Other Basic Information 1. Basic Policy TMC has positioned the stable long-term growth of corporate value as a top-priority management issue. We believe that in carrying this out‚ it is essential that we achieve
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policies due to oil and toxic spills; Occasional refinery explosions; Corrosion in pipelines; Competition from Shell and Chevron Ceasing operations in a number of potential locations with their further re-branding (Conoco); Sale of corporate-owned stations; More than 5.000 shortages within coming months; $66‚71 per barrel creates considerable tensions for running oil business;
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Corporate Governance Corporate Governance Corporate governance is concerned with set of principles‚ ethics‚ values‚ morals‚ rules regulations‚ & procedures etc. Corporate governance establishes a system whereby directors are entrusted with duties and responsibilities in relation to the direction of the company’s affairs. The term “governance” means control i.e. controlling a company‚ an organization etc or a company & corporate governance is governing or controlling the corporate bodies
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Definition of Corporate Governance “The process and structure used to direct and manage the affairs of the business towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long-term shareholder value‚ whilst taking into account the interests of other stakeholders”. Prior to the establishment of this definition‚ there were 4 others namely by; The Cadbury Report (1992) defined corporate governance as „a whole system of controls by which
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What is Corporate Governance? Corporate Governance is a generic concept‚ and in most cases it is defined by its objectives. Corporate Governance can be defined and analyzed by two terms. The first was introduced by the Organization of economic Corporation and Development (OECD 1999). OECD defined “Corporate Governance as a system in which business corporations are directed and controlled. The Corporate Governance structure specifies the distribution of rights and responsibilities among the
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Corporate restructuring MENTION the name Schefenacker to the London bankers‚ lawyers and advisers who specialise in turning around insolvent companies‚ and you are likely to be greeted with knowing smiles. Schefenacker‚ which makes mirrors for carmakers such as BMW and Mercedes‚ almost went bust late last year. In April it emerged from a tortuous restructuring‚ during which it moved its headquarters from Germany to Britain to take advantage of the flexible insolvency laws there. Along the way
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1.1 Introduction Corporate governance has been the subject of numerous theoretical and empirical studies especially after the fraudulent reporting scandals such as Enron‚ World.com‚ Adelphia‚ and Parmalat.it has come to mean many things. Traditionally and at fundamental level the concept refers to corporate decision making and control‚ particularly the structure of the board and its working procedures‚ Hermes (1994). Jenifer (2002) defines corporate governance as a set of interlocking riles by which
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