Sarbanes-Oxley Act of 2002 and the legacy of Enron. This act was passed after corporate scandals that involved the regulatory mismanagement and fraud of Enron. This article review will cover topics on how the Sarbanes-Oxley and the collapse of Enron in which affected the ethical decision-making processes in business environments and criminal penalties for which the act provides. Decision-Making in Business Environment “A new generation of corporate leaders has entered the boardroom since Enron’s
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Title Corporate Governance Assignment Topic Governance at the St. Lucia Electricity Services Limited Executive Summary This report was written to the Chairman of the St. Lucia Electricity Services Limited – Mr. Trevor A. Byer. St. Lucia Electricity Services Ltd principal activities consist of the generation‚ transmission and distribution of electricity. This The Company has been the sole commercial supplier of electrical energy in Saint
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memo is to address the accounting maneuver of Lehman’s Repo 105 (or 108) from perspectives of accounting and corporate governance. The memo will illustrate the role of repo transaction in Lehman’s business model‚ analyze the accounting irregularities regarding repo by Lehman‚ observe auditors’ role in these irregularities‚ and discuss the corresponding accounting and corporate governance issues. In addition‚ the memo will provide recommendations on how to prevent financial institutions from abusing
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Google: External/Internal Factors University of Phoenix Google‚ which was created in a dorm room at Stanford University by Larry Page and Sergey Brin‚ is considered the most recognizable and largest search engine in the world. What started as a company of three in 1998 out of a garage in Menlo Park‚ CA is now a worldwide company of over 20‚000 employees. Internal and external factors can have a direct impact on planning‚ organizing‚ leading‚ and controlling a business like Google. Management
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importance of corporate governance in organizations With the recent financial crisis‚ companies’ defaults and crushes‚ the importance of corporate governance has risen significantly. Corporate scandals that have impacted companies all over the world have led to the re-examination of the role of corporate governance in their day to day operations. The Organization of Economic Cooperation and Development (OECD‚ April 1999) defines corporate governance as follows: "Corporate governance is the system by which
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CORPORATE GOVERNANCE – CONCEPTUAL FRAMEWORK INTRODUCTION: The great Indian master of Political Science Kautilya mentioned four functions of a king in his well-known book Arthashastra -1.Raksha or protection‚ 2.Vriddhi or enhancement‚ 3.Palana or maintenance‚ and 4.Yogakshema or wellbeing or safeguard. It is the sacred duty of the state to protect the person and property of its subject to enhance their wealth‚ to maintain them and to safeguard their interest in general. This noble concept
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Corporate Governance and Ethical Responsibility Research Paper Marquita Jackson Dr. Rhonda Evans LEG 500 Law‚ Ethics‚ & Corp Governance November 18‚ 2012 Dr. DoRight has recently been hired as the President of the “Universal Human Care Hospital”‚ where he oversees all departments with over 5‚000 employees and over 20‚000 patients at the medical facility. He has been provided with a broad set of duties and oversight of numerous departments‚ including business development‚ customer services
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summary……………………………………………………………. …12 2.0 CHAPTER TWO: LITERATURE REVIEW……………………………… 13 2.1 Introduction..…………………………………………………………………....13 2.2 theoretical framework…………………………………………………………..13 2.3 Good corporate governance and operating costs…………………………….…18 2.4 Correlation between good corporate governance and performance ratios……...20 2.5 Chapter summary……………………………………………………………… 24 3.0 CHAPTER THREE: RESEARCH METHODOLGY………………...……25 3.1 Introduction …………………………………………………………………… 25 3.2 Research design…………………………………………………………………25
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Corporate Governance in Hong Kong 1. Corporate Governance in Hong Kong Hong Kong’s position as an international economic and financial center is attributed to its exemplary corporate governance. With Hong Kong’s various authorities and regulatory bodies emphasizing on transparency and accountability for listed companies‚ Hong Kong was ranked first for corporate governance among 11 Asian countries in 2007. (Refer to Appendix 1) The Stock Exchange of Hong Kong (SEHK) describes corporate
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Corporate Governance regime in the UK As a result of the banking crisis‚ a review of the corporate governance regime in the UK was carried out by the Financial Reporting Council (FRC). The review resulted in two principal changes to the regime. Following a review of the Combined Code on Corporate Governance‚ the FRC issued a new edition of the Code- the “UK Corporate Governance Code”. The UK Corporate Governance Code applies for accounting periods beginning on or after 29 June 2010 and is the key
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