Corporate Governance is a concept in which it has been existence for decades; although not in the exact form that it has come to be understood today (Anandarajah‚ 2001). The term corporate governance was introduced in Malaysia in 1997 during the Asian Financial Crisis. It also drew the public’s attention on the weaknesses of the Malaysian corporate governance practice (Nor Azizah Zainal Abidin‚ 2007). Besides that‚ the downfall of Sime Bank‚ the Bumiputera Malaysian Finance (BMF) scandal‚ the irregularities
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abysmally at the bottom among South Asian States as it lost 8.3 per cent of its GDP or Rs. 820 billion during last year owing to bad governance.” The report also pointed out that GDP could have been higher by three percent or around Rs. 450 billion‚ had there been no shortage of power and water that has adversely affected the national economy. Today‚ bad governance has emerged as a much bigger challenge for the nation. Maladministration is not just limited to administrative failure but it also promotes
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I. Introduction The January 2008 announcement by Motorola‚ Inc. that it might spin off its Mobile Devices division followed years of declining market share in the mobile phone industry. After the wild success of the company’s “RAZR” mobile phone in 2004-06‚ Motorola failed to retain market share as Apple’s iPhone claimed “must-have” status and traditional mobile phones became increasingly commoditized. Even with the Mobile Devices division’s recent poor performance‚ it is something of a shock
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“Good corporate governance‚ ethics and social responsibility is essential for increasing and maintaining shareholders value” Corporate governance Corporate governance of controlling and directing the companies would impact the corporate performance‚ which would also affect the shareholders’ value. Example 1: John Felderhof‚ being the vice chairman of Bre-X‚ stating that he did not aware of the scandal. He is not qualified to be the board of director of the company as he did not aware of the Scandal
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Many in this country including the corporates are closely watching the IPL controversy and it had led Mr.Shari Tharoor to submit his resignation. There are many interesting issues in the entire episode and I want to highlight few issues as a classic example of complications in dealing with corporate issues. Any irregularity in a company may be dealwith by the Central Government‚ Company Law Board‚ Company Court and SEBI if the Company is a listed Company. We rarely see the Central Government suo
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Relevance of Corporate Governance for emerging economies More research is needed to better understand the many aspects of the relationship between corporate governance and firm performance in emerging markets. Published research is limited. But‚ because emerging market firms are generally affiliated with multiple networks connected by formal or informal ties‚ the structures themselves present challenges for quantification and scientific data analysis. Recent corporate governance research has been
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What is good governance? The definition of Governance itself is still a debate among scholars. A simple definition may be “the exercise of authority in managing the resources of a country”. (Bojanic‚ 2012) In a sense‚ the ruling body of a country’s practices in allocating the country’s resources. Good Governance is therefore the proper managing of these resources to achieve sustainable and self-reliant development and social justice. (JICA) How to know if good governance is in practice: It has been
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What is your opinion of shared governance? “In shared governance‚ as in nursing‚ the primary resources for practice are the providers themselves. Thus‚ to control practice‚ nurses must have influence over themselves as a professional group‚” ( Hess‚ R. 2011. P.3). I believe when shared governance is actually thoroughly exercised‚ nurses claim the power they can have by utilizing leadership and optimal practice. I strongly believe this mindset can greatly improve job satisfaction and patient care
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QANTAS AUSTRALIA – CORPORATE GOVERANCE AND CARBON FOOTPRINT RESPONSE * What is Corporate Governance? To ensure the benefit of everyone concerned in an organisation‚ corporate governance must be enforced. Corporate governance is a term that refers broadly to the rules‚ processes‚ or laws by which businesses are operated‚ regulated and controlled (Search Financial Security‚ 2008). It involves internal factors defined by the officers‚ stockholders or constitution of a corporation‚ but also involves
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The benefits to a company of practising good corporate governance are now well known. It can raise capital more cheaply in a world where capital is a scarce resource; when it has a downturn it will have support from its stakeholders in its turnaround attempt; its business will be more sustainable; when the board makes a wrong business judgment call – and dealing with uncertain future events it will do so – it will not be seen as a scandal but as a consequence of the risk/reward ratio involved in
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