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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Case Study: MGM Resorts International 27 February 2013 Table of Contents Key Dates and General History 3-5 Environmental Analysis 5-7 Porter Analysis 7-9 Marketing Strategy 9-12 Competitor Analysis (SWOT) 12-18 Company Analysis (SWOT) 18-20 Financial Analysis 21-22 Future Trends 22-23 Recommendations 23-25 Conclusion
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retailers in the U.S. by sales. In its most recent year in 2012‚ Target who has proclaimed itself as “cheap chic” produced over $70 billion in revenue through the sales of apparel‚ house wares‚ electronics and other products (Exhibit 5). At Target‚ corporate governance practices have been in place for more than 50 years‚ and continue to evolve to balance the interests of the Board‚ shareholders and management to maximize efforts. A majority of the 12-member Board is independent and selected based on
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(1998) 371±403 Corporate governance and board eectiveness Kose John a‚ Lemma W. Senbet a b 1 b‚* Stern School of Business‚ New York University‚ New York‚ NY 10012‚ USA Department of Finance‚ College of Business‚ University of Maryland‚ Tydings Hall‚ College Park‚ MD 20742‚ USA Abstract This paper surveys the empirical and theoretical literature on the mechanisms of corporate governance. We focus on the internal mechanisms of corporate governance (e.g.‚ corporate board of directors)
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Questions (80 Points) 1. Why is corporate governance important? a) good corporate governance produces direct economic benefit to the organization b) To avoid scandal c) To imbibe trust in investors d) The perception of good corporate governance is an important ingredient of the image of an organization‚ whether public‚ private‚ or nonprofit. e) A perception of unethical conduct by an organization can be very costly in legal cases Reference: http://accounting
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CORPORATE CONTROL AND FIRM PERFORMANCE: DOES THE TYPE OF OWNERS MATTER? Muhammad Agung Prabowo* Universitas Sebelas Maret‚ Surakarta‚ Indonesia Abstract: The paper extends the ownership study by examining the different types of large shareholders in relation to its impact on organizational outcome in Indonesia using a dataset consisting of 190 non-financial companies listed in Jakarta Stock Exchange in 2002. The study investigates the effect of family ownership‚ foreign blockholder‚ domestic institutional
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Module Title: Company Law Company Law Assignment – Question A In this assignment‚ I will identify the theory of a corporate personality‚ demonstrate why companies exist autonomously from their promoters or owners‚ introduce the concept of a company having a corporate veil‚ and finally to identify why there is such controversy around the notion of a court lifting the corporate veil‚ with a focus on ‘sham’ companies. The theory of a company having a separate legal personality comes from the introduction
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Corporate veil Introduction With the contemporary appreciation of the separate entity principle in courts‚ it has become increasingly difficult to predict the outcome of cases with precision as in the case of Salomon v. Salomon & Co Ltd (1897). Separate corporate personality has been firmly recognized by common law after the verdict given in the case of Salomon v. Salomon & Co Ltd (1897). It was confirmed that a corporation has legal right‚ personality‚ and obligations completely divergent
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FUNDAMENTALS OF Corporate Finance Jonathan Berk Stanford University Peter DeMarzo Stanford University Jarrad Harford University of Washington ISBN 0-558-65200-X Fundamentals of Corporate Finance‚ by Jonathan Berk‚ Peter DeMarzo‚ and Jarrad Harford. Published by Prentice Hall. Copyright © 2009 by Pearson Education‚ Inc. Editor in Chief: Donna Battista Sr. Development Editor: Rebecca Ferris Market Development Manager: Dona Kenly Assistant Editors: Sara Holliday‚ Kerri McQueen Managing
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ACCG927 CURRENT ISSUES IN ACCOUNTING & Corporate Governance Week 1 Introduction and Overview of Accounting Theories 1 Introduction • • • • • • • • • • About the unit Teaching and learning strategy Assessments In-class essays Essay writing workshop Research essay Turnitin requirements Oral team presentation Required readings Importance of written answers each week 2 The Nature of Accounting & Corporate Governance Theory • What is a theory? Kerlinger‚ 1964: "A set of interrelated
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