Corporate governance Essay Examples

Corporate governance

Transparency in Corporate Governance
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Many recent corporate governance scandals have caused government to implement a number or regulatory modifications. One factor in relation to these changes is improved disclosure requirements. An example, Sarbanes-Oxley (SOX), created because of Enron, WorldCom, and additional public governance malfunctions, with detailed reporting of off-balance sheet financing and extraordinary use entities. Furthermore, SOX amplified the punishment to executives for misrepresenting. (more…)...
Good Corporate Governance
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In Cadbury Committee, Corporate governance is "the system by which companies are directed and controlled". It effort to increase the company/ organization performance. It involves a set of relationships between a company's management, its board, its shareholders and other stakeholders; it deals with prevention or mitigation of the conflict of interests of stakeholders. Ways of mitigating or preventing these conflicts of interests include the processes, customs, policies, laws, and institutions which have impact on the way a company is controlled.…...
Financial Disclosure
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Enhanced Financial Disclosure. This requires the top management to ensure and confirm that their firm’s financial reports are absolute and precise. That is making CEO’s and CFO’s accountable. Whistle-blower protection. This act provides protection to those people who disclose cases of fraud that has occurred in a company. (Fraedrich, 2008) Fifth, corporate and criminal fraud accountability. This act helps auditors in an organization to detect fraud and those responsible should account for any misuse of the company’s resources. As for…...
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Efficient Market Hypothesis and Corporate Governance
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The case of Ben & Jerry's Homemade, Inc. focuses on how an organization manages to create value. In order to fully understand how Ben & Jerry's achieved its corporate value creation, the following explains the key concepts underlying the case. Role of a Company A company can have various roles and objectives depending on the company type; public, private or non-profit. For the purpose of this case, the focus will be on the objectives of a publicly traded company as…...
Earnings Management and Corporate Governance
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IOpportunity of earnings management is provided to the firms by GAP allowing them the use of accrual accounting. Besides the management compensation problem, earnings management could mislead investors by giving them false information. In fact, investors use financial information to decide whether to buy, sell, or hold securities. Market efficiency is based on the information flow to capital markets so that when this information is incorrect the market will value securities incorrectly. The board and the audit committee have important…...
Corporate Transparency vs. Corporate Governance
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Throughout history, mankind has had innumerable moments of corruption and greed. From the City-State wars in ancient Greece to the organized crime during the prohibition, human beings have always been prey to the desires of wealth and power. While our current society may seem civilized compared to those eras, the shallow traits which haunted mankind then are still in play in today’s society. There are always going to be people looking for a way to get ahead of everyone else,…...
Corporate Governance Reform
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This assignment will answer three questions. First: is the “apply or explain approach” followed in South Africa merely the result of historic circumstances or is such inherently “better” than “comply or else” approach. Second: “apply or explain” with regard to directors and their decisions and, Third: based on the above two questions which approach is most convincing and why. Question 1 With regard to the South African situation, South Africa is known as a developing post-colonised country. (more…)...
Corporate Governance of Bd
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Whereas, the Securities and Exchange Commission (herein after referred to as the “Commission”) deems it fit that the consent already accorded by the Commission, or deemed to have been accorded by it, or to be accorded by it in future, to the issue of capital by the companies listed with any stock exchange in Bangladesh, shall be subject to certain further conditions, on 'comply' basis, in order to enhance corporate governance in the interest of investors and the capital market;…...
Corporate Governance in Uk
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The structure of the British financial system was shaped by the form which industrialization took in the 18th and 19th centuries. The industries which led the industrial revolution, principally cotton textiles, were characterized by numerous small firms which did not need access to large amounts of capital. Initial finance came from family and friends, supplemented after 1750 by country banks, mostly set up by local merchants and manufacturers. These banks acted as a conduit between local savings and local investment,…...
Corporate Governance in India
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Corporate governance is defined as the system by which business entities are monitored, managed and controlled. Corporate governance practices have become an essential prerequisite for the ability to acquire and retain financial resources necessary for restructuring long term investment and sustainable growth. At one end of the spectrum the shareholders are the owners of business entity as they are risk takers. At the other end the managers or the executive director of the company who are in control of its…...
Corporate Governance Exam Paper
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While analysing the Reality of Boardroom we say many games and tactics often employed by directors so that they don’t lose power. Some such games were alliance, coalition, lobbying, scaremongering, log rolling etc. Here also majority of BOD were near and dear ones of Bright so everybody chose to stay quiet about what is going on. Under-reserving Like we say in the HLL case under-reserving is a tactic used by firms but in the long run it cant stop companies…...
Corporate Governance and Ethics
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“The increased interest in corporate governance has mirrored the rise in concern in business ethics generally with the voluminous literature on high profile scandals and failures in firms providing a common base for much descriptive and prescriptive work in both areas. Both subjects, too, share a key focus on agency problems, which has driven much theoretical and empirical work. Many commentators on corporate governance assume that boards, if properly harnessed, can bring important performance gains. (more…)...
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127571523812500 SECOND SEMESTER SESSION 2018/2019 BWRR3123 CORPORATE GOVERNANCE WRITTEN REPORT ASSIGNMENT COMPANY:Cadbury (2014) LECTURER NAME:DR. WAEIBRORHEEM WAEMUSTAFA NAME: MUHAMMAD HAFIZ AIMAN BIN ABDUL THALIB NO. MATRIC: 255703CHAPTER 11.1 INTRODUCTIONChapter one consists of an overview of the Cadbury (2014) scandal. This chapter will be discussing the problem statement, research question, and outline of this study. 1.2 Background of the companyChocolate is part of the crowd's favourite no other cadbury brands may be known from other chocolate companies. Cadbury in Malaysia is…...
Bdo Benchmarking Assignment
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When considered in general terms Turnbull described it as: “All influences affecting the institution processes, including those for appointing the controllers and/or regulators involved in organising the production and sale of good and services….. it includes all types of firms whether or not they are incorporated under civil law. ” (Turnbull, 2002:181) Factoring in all other definitions, in its simplest terms it can be defined as the “exercise of power over corporate entities” (Clarke, 2004). It is not the same…...
Bubba Tech Inc
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After seven years working, Carson became a certified public accountant and Boone successfully complete a master's egree program in Information System at Southern Methodist University. In 2001, Carson and Boone formed a manufacturing company, Bubba Tech Inc. (BTI) in Austin which is privately owned by them and venture capital firm. Boone becomes chief executive officer (CEO) and Carson become chief financial officer (CFO) in BTI. There was no board of director because the firm has completely confidence in the ability…...
Write about Corporate governance
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1)What is corporate governance? Contemporary corporate governance started in 1992 with the Cadbury report in the UK Cadbury was the result of several high profile company collapses is concerned primarily with protecting weak and widely dispersed shareholders. Corporate Governance is a mechanism through which boards and directors are able to direct, monitor and supervise the conduct and operation of the corporation and its management in a manner that ensures appropriate levels of authority, accountability, stewardship, leadership, direction and control. “Corporate…...
Corporate Governance in Australia After Hih
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In the light of various corporate scandals, regulatory bodies and corporate governance were placed under pressure by shareholders and stakeholders to form a tighter grip in governing corporation’s conduct. The obligations, roles and responsibilities of company’s stewards are under scrutiny of Corporations Act, listing rules, country’s code of corporate governance, ethics as well as social standards. At the same time, advocates of market forces as a replacement to regulations and legislation continue to pursue for market deregulation and liberalisation based…...
David Jones – Chief Executive Officer and Managing director
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David Jones has a skilled, ex perienced and expertise Board of directors which is accountable for caring the rights, interests and the management of David Jones. Chief Executive Officer and Managing director are responsible for setting strategy, planning and administration for the company on daily basis. Paul Zahra has been “Chief Executive Officer and Managing director” for David Jones since 18 June 2010. Mr Zahra has more than 30 years’ experience in the Australian retail industry. He has held senior…...
Essay about Drowling Mountain
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It was August 2011 and Martin Cartier, senior board member of Drowling Mountain, was beginning to feel the pressure of Drowling Mountain Ski Resort’s 2010 general meeting that was coming up in two months. Drowling Mountain had historically been the ski resort of choice for the local residents of Syracuse, New York. However, the company had recorded losses for the past two years. At last year’s annual general meeting, Cartier explicitly stated that he would bring the company to sustainable…...
Strategic Analysis Canon
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Evaluation of Canon Strategic approach to management             Each industry has different factors that affect their operations, performance, competitive advantage, marketability or even their profitability (Lynch, 2003). Thus, the management of this firm should be able to determine the most appropriate and suitable strategic approach to management so as to stay in the c competitive market. Specifically, the main goal of this approach is to investigate the strategic management utilize or considered by Canon and the strategic changes which they…...
Corporate Governance In Australia
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INTRODUCTION Corporate governance is the process by which the corporate can implement proficient decision making, appropriate resource allocation, and involve in strategic planning. It concentrates on how objects of are laid down and attained, how risk is watched and evaluated and how performance are maximized. Corporate governance helps corporations to construct value through innovation, provide accountability and to implement proper control system to quantify the risk involved. Corporate governance has become more relevance to determine the cost of capital in…...
Worldcom’s Whistleblower
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Introduction: What started as a routine internal audit, transformed into the largest accounting control of all time. Worldcom, a leading telecoms business developed from over 70 acquisitions, found itself ranked at the top of its class for prohibited and innovative accounting practices. Worldcom leaders successfully managed to erode the company market value from $180 billion in 1999 to roughly $350 million today. In June of 2002, Cynthia Cooper, Vice President of internal audit, uncovered suspicious capitalizing of line expenses that…...
Corporate Philanthropy
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Introduction In an increasingly competitive global environment, businesses are challenged with demands for profitability and responsibility. To create value for all stakeholders, corporate leaders meet these demands with integrated strategic philanthropic programs. More and more companies encourage and embrace greater collaboration and cooperation between corporations and communities. I. The competitive advantage of corporate philanthropy In this first part, we will demonstrate that usually businesses that choose to employ corporate giving attitude benefit in many different ways from their actions. *…...
MCI WorldCom Scandal
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Introduction MCI WorldCom was among the biggest telecommunications companies in the world. Bernie Ebbers established WorldCom in 1983, after that WorldCom began as a re-seller of long-distance telephone services. WorldCom is located at Mississippi. After Ebbers purchased around 50 other small long-distance companies, he set his sight on MCI. Therefore MCI WorldCom would have ended up being the second most significant telecom provider in 1997. MCI WorldCom was formed on September-15-1998. WorldCom merged with the $37 billion MCI Communications Corporations,…...
Apply or Explain vs Comply or Else
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The King II code only applied to certain entities and followed a rule-based based approach hence “Comply or Else” or mandatory corporate governance. “Comply or Else” refers to the companies obligation to abide by corporate governance standards. These standards are written into law and regulations and have to be obeyed. Failure to obey these standards and regulations may/will result into sanctions such as fines for the corporations, imprisonment of executive manager/director and prevention from listing or trading on the stock…...
Government of India Act
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Government of India Act, 1935: The Government of India Act, 1935 was formulated after long deliberations but was not fully promulgated but the only provincial part was introduced in the country, the central part was not introduced. The British govt deliberated on it and then the British parliament passed this law and then the king signed this law and this became the govt of India Act of 1935, under which the elections of 1937 would be held elections were held.…...
Concepts of Competencies to the Jobs
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1.How relevant are the concepts of competencies to the jobs in a chicken-processing plant? 1.How relevant are the concepts of competencies to the jobs in a chicken-processing plant? hirsagar had been with Horizon for over twenty years. Starting off as a substitute mill-hand in the paint shop at one of the company’s manufacturing facilities, he had been made permanent on the job five years later. He had no formal education. He felt this was a handicap, but he made up…...
Worldcom Scandal
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The function of this report is to look back at one of the most significant US business scandals: WorldCom. WorldCom drop was the greatest bankruptcy in United States business history: 20,000 employees lost their tasks, investors lost about 180billion dollars. How did all this take place? Unethical practices: 1. Modification in accounting policy: there was a modification in the accounting policy in 2000 to support an extra accrual release. GAAP does not allow using accruals developed through charges for one…...
Unethical Behavior of Financial Accounting
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Accounting can be best described as a type of tool or language put in place in order to provide appropriate information with regards to the financial position of an organization, corporate or business. With this kind of information, it will always be critical to investors as it provides them with relevant and thorough information that could turn out to be the deciding factor whether to invest or not to invest in a particular organization. Hence, it is very common to…...
The Importance of Corporate Governance in Organizations
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With the current monetary crisis, companies' defaults and crushes, the significance of corporate governance has actually increased substantially. Business scandals that have actually impacted companies all over the world have actually resulted in the re-examination of the function of corporate governance in their daily operations. The Organization of Economic Cooperation and Advancement (OECD, April 1999) specifies business governance as follows: "Corporate governance is the system by which company corporations are directed and managed. The business governance structure specifies the distribution…...
Adelphia Scandal and Worldcom Scandal
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Basic Questions 1. Rigas Entities were entities that shared a common cash management system with Adelphia and Adelphia subsidiaries, which Adelphia controlled and operated. Since the scandal broke, it is commonly referred as off-the-book entities. 2. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is essentially net income with interest, taxes, depreciation, and amortization added back to it, and can be used to analyze and compare profitability between companies and industries because it eliminates the effects of financing and accounting…...
A Guide to Reflective Practice
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a) What is reflective practice? Reflective practice is the process of thinking about and critically analysing your actions with the goal of changing and improving occupational practice. b) Why is reflective practice important? Reflective practice is important because it accurately assesses the need of each service user. It is essential that all care workers become familiar with reflective practice as our profession depends on shared support, care workers. c) How reflective practice contributes to improving the quality of service provision…...
Duties and Responsibilities of Ceo
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A chief executive officer (CEO) is the head of the company and is responsible for its overall success. Some CEOs are also members of the board governing the company, or boards with other organizations. They determine the policies that make up the structure of an organization, or its corporate governance Chairman of the Board A CEO often serves as chairman of the board of directors. The board conducts performance reviews on the CEO and other high-level executives and determines whether…...
Coperate Gorvernance
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Executive summary: Cadbury Report (1992) stated that “corporate governance is the process by which companies and directed and controlled” (cited in Tricker, 2009). In other words, it helps the corporate entities increase the value provided to the organisation’s various stakeholders. Therefore, appropriate corporate governance plays a very important role in development of organisations. This review will define corporate governance and some of its concepts (through the paper). Following, the review will give a Memorandum or a general introduction about Nufarm, which…...
Good Governance
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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…...
The Salient Features Of Corporate Governance On Financial Engineering After The Sarbanes-Oxley Act
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The Sarbanes-Oxley Act was executed in 2002 for the enhancement of the finical sector through the support of checks and balances. There were concerns concerning the accounting standards. According to the Act, numerous modifications had actually to be made in the monetary reporting and business needed to be examined. Much of the business governance has actually been directed to the financial reporting and financial engineering is among the locations that have received much of the corporate governance attention given that…...
Corporate Governance Assignment
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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…...
Benefits to Having a CFO as CEO
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Part IIn today's complex business environment, more and more companies are turning to Chief Finance Officers (CFO) to assume the premier position of Chief Executive Officer (CEO) of the company. However, the qualities required of a CEO are not always in line with the training and experiences of a former CFO. Yet the CFO can bring many qualities to the CEO position to help a company succeed. What are the benefits to having a CFO as CEO, and what are…...
CSR of Petron
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Petron Corporation (Petron) is a Philippines-based company. The Company is the refiner and marketer of petroleum products in the Philippines. As of December 31, 2010, Petron had seven subsidiaries: New Ventures Realty Corporation engaged in acquiring and developing land; Petrogen Insurance Corporation engaged in serving the insurance requirements of Petron and its allied business partners, such as contractors, suppliers and dealers; Overseas Insurance Corporation engaged in expediting the reinsurance of Petron's insurable interests as covered by Petrogen Insurance Corporation; Petron…...
Essay about Corporate Governance
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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,…...
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