important factor. The most advocated board diversity aimed at insuring the board’s independence is not valid across all ownership configurations. From a public policy perspective‚ results provide support for the principles-based approach in governance. Governance regimes should encourage the search for a balance between board diversity and the need for cohesion that best serves the firm’s purpose and obligations. Introduction Board’s diversity and its effect on firm performance have been extensively
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activities. The actual results are compared to these standards (comparing what happened with what should have happened). The differences are called exceptions and are brought up to the management. Variance Analysis Cycle: preparation of standard cost performance reports in the accounting department – highlight variances‚ variances raise questions‚ significant variances are investigated to discover their root causes‚ and finally corrective actions are taken. The cycle repeats with new performance
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the world’s largest social network web site‚ with over than 900 million users. Mark Zuckerberg founded Facebook in 2004 while he was attending Harvard University. The company’s 2012 IPO and valuation of about $100 billion are among the largest in technology history. And Face book is also a social networking Web site which had the largest number of registered users among college-focused sites with over 30 million members worldwide ranked between top 10–20 web sites seventh most visited site in the US
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Corporate governance broadly refers to the mechanisms‚ processes and relations by which corporations are controlled and directed.[1] Governance structures identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors‚ managers‚ shareholders‚ creditors‚ auditors‚ regulators‚ and otherstakeholders) and includes the rules and procedures for making decisions in corporate affairs. Corporate governance includes the processes through
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Rita Collins FIN 501- Strategic Corporate Finance Module 2: Case Study T.U.I According to Wikipedia.com‚ “Present value is the value on a given date of a future payment or series of future payments‚ discounted to reflect the time value of money and other factors such as investment risk. Present value calculations are widely used in business and economics to provide a means to compare cash flows at different times on a meaningful "like to like" basis.” (1) In this paper‚ we are going
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responsibilities. Moreover‚ governance is the board’s legal authority to exercise power and authority over an organization on behalf of the community it serves (BoardSource Staff). It is the job of the board to establish a foundation for the organization at hand and is authorized to make decisions that will affect that organization. Finally‚ there are four types of governance models the board can adhere to including; the traditional model‚ the corporate model‚ the policy governance model‚ and lastly the
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year (in company) / former occupation) Dr. Arthur D. Levinson since 2000‚ $255328 Ph.D. ‚ Chairman and Member of Audit & Finance Committee ‚ Male‚ 62‚ former president and CEO of Genentech‚ Inc. Tim Cook since 2011‚ $4174992 William V. Campbell‚ $68657 Male‚ 71‚ Chairman of Nominating & Corporate Governance Committee and Member of Audit & Finance Committee ‚ former CEO and president of Intuit‚ Prior Apple Executive( 80s) Andrea Jung since 2008‚ $73657 Female‚ 53‚ Lead Director
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Accounting has a primary function to provide and develop data measuring the performance and disclosure of the company or organization to assist managers‚ investors‚ tax authorities and decision makers. The individual in the role of accounting is called an accountant and he or she has the responsibility to prepare financial statements such as balance sheets‚ income statements‚ and cash flows. The different categories for accounting are financial‚ cost‚ internal and external accounting. Finance has
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protect the privacy. And for China the situation is different. Majority of people do not receive too well education‚ and quality of majority is not trustful‚ so we must make complete law‚ but not the model of self-regulation of people themselves. And we know there is no enough law about the protection of privacy especially for the Internet privacy of Chinese citizens. And in my opinion‚ Chinese government is in urgently needed to build law of privacy especial for the Internet privacy‚ and it should
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Ethical Values in Accounting University of Phoenix Management MGT/521 March 26‚ 2011 Ethical Values in Accounting Ethics in accounting is of greatest significance to accounting professionals and those who rely on their services. “On a personal level‚ everyone must answer the following question: What is my highest aspiration? The answer might be wealth‚ fame‚ knowledge‚ popularity‚ or integrity. But if integrity is secondary to any of the alternatives‚ it will be sacrificed in situations
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