BK5503 Islamic Banking January 2014 Semester INCEIF The Global University in Islamic finance MSc in Islamic Finance Are existing systems for Shari’ah governance adequate? How could they be improved? BK5503 Islamic Banking January 2014 Semester Name: Mohamad Zaky Bin Jailani Student ID: 1400025 Mohamad Zaky Bin Jailani 1400025 Page 1 BK5503 Islamic Banking January 2014 Semester Table of Contents Key Terms and Abbreviations 3 Abstract 3 1.0 Introduction
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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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Question 1: How did the Corporate Culture at Enron contribute to its bankruptcy? The corporate Culture at Enron could have contributed to its bankruptcy in many ways. Its corporate culture supported unethical behavior without question for as long as the behavior resulted in monetary gain for the company. It was describe as having a culture of arrogance that led people to believe that they could handle increasingly greater risk without encountering any danger. Its culture did little to promote
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THE CURRENT CRISIS OF INVESTOR CONFIDENCE: CORPORATE GOVERNANCE AND THE IMBALANCE OF POWER By Richard L. Wise Master’s Thesis submitted in partial fulfillment of graduation requirements of the Fletcher School of Law and Diplomacy ’s Global of Master Arts Program Copyright Richard L. Wise 2002 {K0241737.1} TABLE OF CONTENTS OVERVIEW ...................................................................................................................................................
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Enron Scandal Enron was able to successfully engage in fraudulent financial activities due to the failures of corporate governance practices in addition to other relevant factors. This paper will briefly cover some of these issues and offer suggestions for prevent similar future malpractice. External Corporate Governance The key external governance failures in the Enron Scandal involve oversights by regulators‚ creditors‚ auditors‚ and investors at large‚ with particular focus towards Enron’s ambiguous
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conduct audits which each year took nearly five months. if properly done‚ these audits should have uncovered the problems and forced action long before April‚ 1990 4. In the case of BCCI‚ there can be no question that the auditing process failed to work. As the Bank of England stated in determining that BCCI be closed 5. Given the demonstrable failure of the auditing process‚ serious questions have been raised about how and why BCCI’s outside auditors permitted BCCI to flourish as long
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Reaction Paper on Enron Case September 9‚ 2013 Summary: Enron’s origins date back to 1985 when it began life as an interstate pipeline company through the merger of Houston Natural Gas and Omaha-based InterNorth. Kenneth Lay‚ the former chief executive officer of Houston Natural Gas‚ became CEO‚ and the next year won the post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website
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Is it greed or simply ignorance which caused the Enron Scandal? Enron once was known as "America’s Most Innovative Company" and as of today‚ known as one of the most popular business bankruptcies and failures. Enron appeared to be doing really well‚ producing a lot of cash and new businesses‚ in October of 2001 that all changed. Enron reported a $618 million third-quarter loss and declares a $1.01 billion non-recurring charge against its balance sheet. Partially related to "structured finance" operations
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report‚ it will show how Enron was involved in improper accounting practices that led to over $70 billion of losses and also Enron’s method that was used to able them in covering their losses. Enron’s fall and bankruptcy had affected not only the employees‚ but also the shareholders‚ U.S Citizens and also the impact that it had on other countries that Enron was affiliated with. The focus of this paper is on the creation of Enron’s business model that resulted in the fall of Enron. Also‚ how the SPEs
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The Failed Dream “The Constitution only guarantees the American people the right to pursue happiness. You have to catch it yourself.” These are the words of the American forefather‚ Benjamin Franklin. His thoughts reflect the theme that runs through each word‚ idea and aspect of The Great Gatsby‚ a novel by F. Scott Fitzgerald. The Great Gatsby highlights the flaws of the coveted American dream and how it can never be achieved. Fitzgerald illustrated the different areas of this principle in various
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