Corporate Governance Practices in China Scope Statement Corporate governance is the system by which companies are directed and controlled. Corporate Governance is important because it is part of the institutional infrastructure (laws‚ regulations‚ institutions and enforcement mechanisms) underlying sound economic performance. I would like to perform my research on the topic of corporate governance practices in China for the following reasons: The political system in China is unique‚ not like
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ethical approach to a problem will enquire about end-results and the route or means we use to achieve these objectives together with the relationship between the two (‘end versus means’). Corporate Governance can be defined as a proper structure of rules and practices‚ a reference point to return to where decision making is influenced which invariably helps a company run smoothly reducing confusion‚ ambiguity and ultimately risk. Shareholders own a company’s assets; management‚ overseen by a board
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MANAGERIAL DECISION MAKING The business executive is by profession a decision maker. Uncertainty is his opponent. Overcoming it is his mission. John McDonald TOPIC OUTLINE * Characteristics of Managerial Decisions * The Stages of Decision Making * The Best Decision * Barriers to Effective Decision Making * Decision Making in Groups * Managing Group Decision Making * Organizational Decision Making * Techniques in Decision Making ADDITIONAL TOPICS
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CORPORATE GOVERNANCE & RISK MANAGEMENT July 2012 Agenda 1 What is Corporate Governance? 2 What is Risk Management? 3 How do they intersect ? 4 Why is Risk Governance important - What is consequence of failure? 5 What to do (how do we respond?) 5 Discussion 2 1 WHAT IS CORPORATE GOVERNANCE? Corporate Governance • What is Corporate Governance? • There are many definitions. The CBN Code of Corporate Governance defines it as follows: • Corporate governance refers to the processes and
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Phillips (2007) “Corporate governance is an encompassing policy‚ processes and people‚ which serves the needs of shareholders and other stake holders by directing and controlling management activities with good business savvy‚ objectivity and integrity”. The author stated that sound corporate governance is dependent on external market place commitment and legislation plus a healthy board culture that safeguards policies and processes. Magdi and Nadereh (2002) stress that corporate governance is about ensuring
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Global Transformations: Politics‚ Economics and Culture. Cambridge: Polity. 1-31 R Roulier‚ ¡§Governance Issues and Banking System Soundness¡¨‚ Banking Soundness and Monetary Policy‚ International Monetary Fund (1997) at 450 Justin O¡¦Brien‚ ¡§Governing the Corporation¡¨‚ Publisher Weliy 2005‚ Chapter 2 Stephen S Cohen and Gavin Boyd ¡§Corporate Governance and Corporate Performance¡¨‚ Corporate Governance and Globalisation: Long Range Planning Issues‚ Edward Elgar Publishing Ltd (2000) at 59 ¡V 94
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essay will describe the concept of managerial decision-making. It will look specifically at the ‘Rational Decision-Making Model’‚ exploring the shortcomings of this approach‚ and will suggest possible ways a manager could overcome these issues when striving to make a rational decision that will bring benefit to an organisation. Throughout this essay‚ empirical research and examples from academic literature will be presented to illustrate the discussion. Decision-making is arguably the single most
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THE JOURNAL OF FINANCE • VOL. LXVII‚ NO. 1 • FEBRUARY 2012 Information Disclosure and Corporate Governance BENJAMIN E. HERMALIN and MICHAEL S. WEISBACH∗ ABSTRACT Public policy discussions typically favor greater corporate disclosure as a way to reduce firms’ agency problems. This argument is incomplete because it overlooks that better disclosure regimes can also aggravate agency problems and related costs‚ including executive compensation. Consequently‚ a point can exist beyond which additional
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CORPORATE HISTORY. Akio Morita‚ Masaru Ibuka‚ and Tamon Maeda (Ibuka’s father- in- law) started Tokyo telecommunications Engineering in 1946 with funding from Morita’s father’s sake business. The company produced the first Japanese tape recorder in 1950. Three years later‚ Morita paid Western Electric (US) $25‚000 for transistor technology licenses‚ which sparked a consumer electronics revolution in Japan. His firm launched one of the first transistor radios in 1955‚ followed by the first
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and their stakeholders and shareholders. To answer this‚ a review of the company`s board structure and ownership structure was made. Thereafter two specific situations that has occurred in recent times was used as case examples to enlighten the agency problems suggested to emerge by the corporate structure. Ownership Structure Whinston and Segal defines ownership as a set of rights and obligations concerning assets (Thomsen and Conyon‚ 2012‚ p. 122). The ownership structure‚ naturally‚ highly affects
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