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Governance Essay Topics & Paper Examples

Why corporate governance fails

In my opinion corporate governance fails because of bad decisions made by the CEO’s, Board of Directors, Shareholders, and Top Management. “One of the many problems that defenders of America’s free market system fail to address is the severe dysfunction at the top of the nation’s big public companies. Cases in point include some of the biggest bankruptcies of the last decade: Lehman Brothers, General Motors, WorldCom, Enron and many more” (Cohan, 2009). Our text states that “good corporate governance means better strategic management” (Wheelen&Hunger, 2012 pg. 63) which means that corporate governance fails because of poor strategic management. “The systemic failure of corporate governance is particularly associated with the Anglo-American corporate governance model that has enabled, permitted or tolerated…

IT Governance

IT governance is a subset of Corporate Governance that is basically focused on how systems of information technology perform. There is an increase in interest in IT governance due to compliance initiatives and the realization that IT projects can affect the performance of an organization profoundly if they get out of control. In the current IT world, the issues involving IT projects should not be entirely left to the board of directors and the IT professionals in an organization. For IT projects to be effective there is a need for all the stakeholders to be involved in decision making. The stakeholders include particular departments in an organization, internal customers and the board of directors. By involving all the stakeholders, the…

Good Governance

Introduction The topic of this essay concerns about good governance namely what is it, what is its possible application in the formal and informal sectors added to its context, do the different ideological systems concord with it and lastly does it produce any, whatsoever, improvement or development in any sense and sector? And to answer to all that issues I will firstly define it, secondly discuss all its characteristics and indicators from the various organizations directly and/or indirectly involved with it and thirdly compare and contrast by analysing any situations within the main political orientations in which it is present or absolutely absent and the consequent effects. And finally I will try my conclusions to whatever it could produce with…

Canadian Shield Case

Using the Accenture document on governance presented with the Alcan case, place Canadian Shield in the appropriate quadrant. According to the Accenture document, I would place Canadian Shield within the efficient, predictable operator category. The slow rate of change and need to compete on operational efficiencies characterized by most companies in this quadrant is detailed by the following quote from the case authors. “Sustainability for Canadian insurance companies greatly depended on investments in projects that increased customer service and improved operational efficiency.” This comment is aligned with the predictable operator company practices and is evidence that in order to gain a competitive advantage in the Canadian insurance industry it is vital that operational efficiencies are realized through better IT solutions…

Corporate Governance Assignment

1. Introduction Corporate entities of all types need a governing body. In the case of a company, this is its board of directors. Corporate entities governed by a board of directors face the central challenge of the agency issue. Whenever a principal has to rely on agents to handle his or her business, governance issues arise. (Tricker 2012) Presently, corporate governance is an evolving concept as such there is no fixed definition. However, corporate governance has been defined as, “the system by which companies are directed and controlled.” (The Report of the Cadbury Committee on The Financial Aspects of Corporate Governance: The Code of Best Practice 1993) Recent high-profile corporate failures, scandals and, in some cases, executive corruption, have focused…

Mark&Spencer Governance Structure

Corporate Governance 1. Group Board The board’s role is what management is doing, holding them accountable for performance against the targets and standards, probing and challenging their thinking to make sure that they are on the right track. The Board works closely with management in thinking through their direction and long-term plans, the opportunities, the risks and making sure we are developing the right management team for the future. The non-executives provide independent challenge and review, bringing wide experience, specific expertise and a fresh, objective perspective. As members of the Board Committees, they play a crucial role in undertaking detailed governance work with a particular focus on shareholders. GROUP STRATEGY 1. Overall Group strategy and corporate vision, setting standards and…

The Eddie Stobart business

The Eddie Stobart business is unpinned by the company brand, people and systems. This is their strategy to keep the business running successful for the next 3 years. The purpose of this strategy is to increase the sea, rail and air sectors. Strategic Planning Starting new partnerships with customers to further efficiencies. To take the opportunities, as the economy comes out of recession, building on our key competitive advantages, such as load utilisation and combining our customers. To market and develop our possessions to our customers and then sell these possessions where appropriate, at a profit to be reinvested in the business. To develop systems and technologies that protects the business from operational and financial risk. To grow gradually with…

The Wallace Group

A. What is the most important problem facing the Wallace Group? There are several problems facing the Wallace Group, but it seems the most crucial problem facing the group is two-fold; the lack of vision and direction from the CEO, Harold Wallace and improper management. a. His diversification program that resulted in the acquisition of the chemical and plastics divisions lacked forward looking vision. He simply required the companies to uphold a profitable operation without any direction to improve (Wheelen & Hunger, 2004, p. 2-5). b. The company seems to have difficulty in the hiring process. It seems the company is focused on cutting cost rather than looking for effective employment resolutions. For example, instead of creating a management development…

The System that Couldn’t Deliver

Three years ago, Diana Sullivan, was recruited by Lenox from a major competitor to work as its Chief Information Officer. Sullivan, a 20-year veteran information systems executive, knew going into this job that computers had never been one of Lenox’s strengths. James Bennett, Lenox’s Chief Executive Officer told Sullivan that they simply need a tool that would help their agents provide fast and reliable information needed to close a sale. After years of hard work, Sullivan thought she had done her job well by delivering Lifexpress on time and on budget. Lifexpress is a sophisticated computer-aided system that enabled Lenox’s 10,000-plus agents to do everything from establishing a prospect’s financial profile, to selecting the most appropriate products from the company’s…

The four basic activities in management process

1. What are the four basic activities that comprise the management process? How are they related to one another? ” The four basic activities that comprise the management process are as follows: Planning and Decision Making, Organizing, Leading, and Controlling. Managers engage in these activities to combine human, financial, physical, and information resources efficiently (using resources wisely and in a cost-effective way) and effectively (making the right decisions and successfully implementing them) and to work toward achieving the goals of the organization. Planning and Decision Making set the organization’s goals and decides how best to achieve them. Organizing then determines how best to group activities and resources. Leading motivates members of the organization to work in the best interests of…

The impact of globalization

Globalization is a relatively new concept. As little as ten years ago, the term was hardly used. Today globalization is being discussed everywhere; by businessmen, politicians, economists, academics, right through to the average person on the street. It affects all aspects of our modern lives, from what we eat, to what we watch on telly, to the type and amount of crime we experience and to how much money we have in the bank. In this essay I intend to briefly define globalization, explain the term nation state, describe how globalization is manifesting itself and discuss from three differing standpoints the impact that globalization is having in relation to the autonomy and sovereignty of the nation state. Although globalization can…

Article Review LAW 421

The article was a proposal that tried to justify the reason that congress should repeal the Sarbanes-Oxley Act (SOX Act) of 2002. The act is seen as a problem because individual felt that the act was only put in place so government official could feel better about addressing some issues of popular concern rather than resolving the issue. According to Niskanen the SOX act of 2002 is unnecessary, harmful, and inadequate (2006). Punishments under this act included jail time and loss of personal property. The act was viewed as unnecessary because the stock exchange has already addressed and implemented procedures to deal with most of the issues presented in the SOX act of 2002. Those implementations include accounting standards, prosecution…

Corporate Governance

Conduct a review of the governance of your organisation (or one with which you are familiar) in the form of a report to the Chairman (or President) of the Governing Board of Directors. In the brief report use the concepts, tools and techniques learned in this subject to review the structure, process and effectiveness of the governance of the organisation and make recommendations for appropriate improvements. Executive summary This report sets out to review corporate governance at a private company, namely, Paramount Insurance Company. The specific objectives were to identify the relevant codes the organisation follows, why they are important and review the structure, process and effectiveness of the governance of the organisation. Throughout the report, it was evident from…

Heritage Doll company

I agree with Apex to attain full compliance with SOX. As you know about Apex is private company and will be seeking for new external funding to expansion into a new segment of the printing sector therefore, the new investors are needed for them because they have to access capital market to raise money for the expansion to a lot invest in equipment as well as substract inventory and adding more promotional costs thus they have to going publics and this is a time decision for them because it will be forever changes how Apex goes through doing their business so a Initial Public Offering (IPO) has access to more and deeper of information, sources of capital than a private…

Electronic media is the root cause of all evils

Electronic media is the root cause of all evils in this modern society. Electronic media is the medium through with current information is provided to the people. There are different types of electronics, computer, internet, mobile etc. electronic medias the very powerful medium of controlling the people. Electronic media can be used negatively or positively by the providers. The growth of electronic media over past few decades is very rapid in Pakistan. The media can impact public opinion in a significant manner. In Pakistan the national integration and cohesion, is indeed a serious issue, which needs to be analyzed. The media’s extraordinary growth can impact this problem. The media is being considered as a fourth pillar of the state. In…

Stakeholders Influencing the Purpose of Apple and British Heart Foundation

Task 2 is to describe the different stakeholders that influence the purpose of Apple and British Heart Foundation. A stakeholder is a person or group that has an investment, share, or interest in something, as a business or industry. This is not just limited to someone who has purchased stock in a company, which is a shareholder. Who are stakeholders for Apple? Customers want the business to produce quality products at reasonable price. You have different types of customers. There are different types of customers there are loyal ones, young ones, elderly, family or one-time customers. Suppliers who want the business to continue to buy their products. The supplier wants to make profit. Employees who want it earn high wages…

Sarbanes-Oxley. ACCT301

1. In two to three paragraphs, describe the Sarbanes-Oxley Act and why it is important to the accounting profession. (15 points) The Sarbanes-Oxley Act was passed in 2002 by Congress after a series of scandals involving companies such as Enron, WorldCom, and Tyco. This was passed because of shady transactions and misrepresented financial data which caused shareholders to lose millions of dollars and their trust in investing in public companies. It was passed to create new rules of accountability and accuracy for public companies. It is important to the account profession because companies were required to have met certain conditions or face the consequences. The Act requires all public companies to create an audit committee, which will be part of…

Women in top corporate sectors

Few men and even fewer women make it to the role of chief executive officer (CEO) at major corporations. Although there are fewer female CEOs than males (only 13 of America’s largest 500 companies were run by women in 2009), the route to the top is not much different. Unfortunately, it can get lonely at the top for female executives. According to a study conducted by Carnegie Mellon University’s Tepper School of Business, women account for just 2% of top executive positions such as president, chairperson and CEO. The study also showed women made up only 6% of lower-level executive positions such as chief financial officer (CFO) and vice president. A women’s research group, the number of women in executive…

Understanding contesting claims about the pork barrel issue

The talk started with the historical background of Priority Development Assistance Fund. It was truly insightful as I have come to learn when and how it was created. It was surprising to know the total amount of the PDAF that legislators get. I don’t think it is very reasonable for them to get that high amount. I stand with those who are pro to the abolition of PDAF since I learned and came to realize that the role of the legislators are to make laws. Why would they need 200 Million to make laws, they definitely use the fund they get for their own benefits. It was also said in the talk that they get kickbacks to every project they…

Ethics in public ad

Since the 1970s there has been a great deal of change associated with the implementation of administrative ethics. These changes have been promoted and motivated by the concept of public administration in the new era. An important position is given to the concept of ethical issues in today’s civil governance. There has been a great deal of research associated with this concept which has been supported by translation of evidences and theories into practice across different continents. Frederickson and Ghere (2005) address both the managerial and individual/moral dimensions of ethical behavior as well as new challenges to administrative ethics posed by globalization. As promoted by Cooper (2001) ethics in public administration is not a transient concept but has proven to…

Development of a Code of Ethics: IT Challenges

Societal changes caused by information technology and the resulting ethical usage The information technology advancements continue to impact the workplace, societies and cultures. In today’s world, information technology is almost part of every business, educational institute, and even personal activity (Brooks, 2010). Computer and internet access have found their way to households, schools, libraries, people’s cell phones, banks, hospitals, governments, coffee shops, and other public places. As the industry evolves, so do the needs and special niches of society from mainframe systems, to micro systems, to PC-based LAN and WAN systems, to virtual systems and the internet. Advanced technology means unlimited prospects for the society. In the same token, new technologies mean increased exposure to engage in unethical behaviors. The growing…

Leadership and governance

Executive Summary The following essay will analyse two important elements in every organisation, leadership and governance, the interaction between them and how they influence in organisations outcomes. This paper will cite different journals and studies to support the ideas referents to this topic. Firstly this essay will discuss on leadership to understand why this culture of influence and motivation has become so important for nowadays organisations and explain the role of the modern leader, among all the perspectives and theories aroused about this subject. The second point is about governance; the term organisational governance is defined and evaluated to find out how governance enhances the management in organisation. Also is discussed what is the managers role in the governance scheme…

Audit Staffing Memo

I first wanted to thank you for congratulating me on my recent promotion; I look forward to working with you on the new Apollo Shoes engagement. I have read all the information you sent me about Apollo Shoes to gain a better understanding of the company, and I feel like I have a firm grasp of the company structure and environment. After reviewing the company’s last three board of directors meetings, I determined what expertise would be necessary to carry out the audit on Apollo Shoes. If you can assign these staff to our audit team, the productivity and effectiveness of the audit will increase significantly. The first staff member that would be greatly helpful to our audit team would…

Phoenix Advertising

It has been brought to my attention recently that the Roanoke branch office has recently experiencing many difficulties. The problem began after two of the top management people left the agency-an art director and an account executive. In addition, three of the graphic designers and four of the copywriters are threatening to quit because they feel their work is being rejected. These issues demand immediate attention. Our mission here at Phoenix Advertising is to bring quality and promised assurance to all of our clients. With that being said we need to follow through with our mission statement and resolve this issue quickly. The Roanoke branch of Phoenix Advertising has some of our most valuable clients and it is our duty,…

Information Systems Engineering

The Clean Brite Company. (CBC) Ltd is a supplier of cleaning products to a number of different industry and commercial sectors. CBC does not manufacture the cleaning products itself but purchases them from appropriate manufacturers, repackages them and sells them on. CBC provides different grade cleaning products to a number of very different sectors. For example, food processing industries, hotels, catering organisations, hospitals and public organisations such as leisure centres and schools. The needs of each of the different sectors serviced by CBC are very different, and each sector is, therefore, treated entirely separately from the others. A catalogue detailing the cleaning products available is produced for each of the sectors – a restaurant would not be interested in purchasing…

Women on Corporate Board of Director

1.0 Introduction In this decade, we have seen an increase in women’s participation in the board of director. Previously, we can see around the world, every board of director of a single company led by men only. But, over the time, women are slowly absorbed into the board of director and they play a great role as well as a good impact in the improvement of the company. A new study suggested that, putting women on boards of directors is a good way to make companies more profitable and better governed. It is because a woman is more likely to take a collaborative approach to decision-making and reach a broader consensus with buy in from all players. Men, on the…

Characteristics for good governance in Afghanistan

Good governance is perhaps the single and most important factor in eradicating poverty and promoting development. The terms “governance” and “good governance” are now fully part of the language of development whereas bad governance is broadly recognized as a root cause of poverty, good governance is often seen as a way to cure all social and political and economic ills. Donors and companies are increasingly basing their aid and investments on countries based on governance conditions or plans for reform. Some equate governance failure with global trends such as climate change or the youth bulge as a force are able to rapidly undo development efforts, whereas governance success has the potentiality to quickly leverage and sustain development gains. Governance is…

Fayol’s Principles Of Management In Mcdonalds

How Far Henri Fayols Principle Of Management Is Relevant With Contemporary Public Administration stepped down as director, he published his “14 Principles of Management” in the book “Administration Industrielle et Generale.” Fayol also created a list of the six… Premium Principles Of Management aspects of Egyptian life were highly organized. There were much inefficiency, Principles of Management MGT503 VU © Copyright Virtual University of Pakistan 2… Premium Principles Of Management of corporate governance, many of whom are now very actual and applicable. FAYOLS PRINCIPLES OF MANAGEMENT First authority and responsibility are linked… Premium Principles Of Management new ideas, imagination and visions to the managers and the organisation. . Guide to research. Fayol’s principles of Management. . Division of work . Authority……

Coruption in Pakistan

CORRUPTION ABSTRACT:- Corruption is a ‘poison’ which squanders the government resources, deters investment and is detrimental to economic growth and political development. It flourishes, if people in authority are dishonest and corrupt, the state institutes are weak, and there is a political instability, financial control, lack of transparency in governance and disregard of the rule of law. It can be curbed if there is honest leadership, meritocracy, financial control, decentralization, vibrant civil society and media, transparency and rule of law. INTRODUCTION:- We, in Pakistan are breathing in a culture which, for no better description can be called as the culture of corruption. It has permeated into every facet of our life. Not a single institution is without its black sheep…