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Corporate governance Essay Examples

Corporate governance

...India, unlike the United States, has created a committee that deals with corporate governance know as the Securities and Exchange Board of India (SEBI). The board that in most cases takes on a trustee role for all the companies in India was created through the adoption of SEBI Act, 1992. The act gives the body statutory powers to be able to carry out its duties and functions. These approach adopted in India is believed to have been adopted from the Ghanaian principle of trusteeship and that it i...

Corporate Governance

...and Shareholder Returns', Australian Journal Of Management (University Of New South Wales), 16, 1, p. 49, Business Source Complete, EBSCOhost, viewed 15 July 2014. Balgobin, RS 2008, 'Board Characteristics that Promote Effective Governance: A Perspective on Trinidad and Tobago and Jamaica', ICFAI Journal Of Corporate Governance, 7, 2, pp. 20-41, Business Source Complete, EBSCOhost, viewed 15 July 2014. Guyana Corporate Governance Code 2011, viewed on 9 July 2014 Kang, H, Cheng, M, & Gray, S ...

Corporate governance

...“Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The importance of corporate governance lies in its contribution both to business prosperity and to accountability. •What is corruption? Corruption is wrong doing on the part of an authority and powerful party through means that are illegitimate, immoral or incompatible with ethical standards. Corruption often from protonage and is associate with bribery •...

Corporate governance ethics

...Corporate governance involves directing and controlling all operations of a corporation. Therefore, all unethical issues are as a result of incompetent corporate governance.  Most ethical problems associated by poor corporate governance include evasion of taxes, not meeting their corporate social responsibilities such as environmental protection and unfair wages to employees and production of poor quality goods to maximise their profits. The problems have led to a dilemma between the corporatio...

Corporate Governance Assignment

...Standards of corporate governance are determined by the measures which companies take for themselves, whether voluntarily or otherwise, to improve the way they are directed and controlled, and by the legal, financial, and ethical environment in which they work. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, of corp...

Corporate Governance In Australia

...In the case of ASIC v. HIH Insurance Ltd, Supreme Court of New South Wales found that there was violation by the directors and breach of duty under the corporations Act. Rodney Adler was found to breach his duty as director under section 180,181, 182, and 183 of the Australian Corporation Act and Dominic Fodera was found to be breached the section 180.  Further the Court held that payment of $ 10 million to a related party violated the related party provisions as well as the Australian Corporat...

Corporate Social Responsibility and Good Governance

...It is not a one time adoption, we make sure that the child finishes Grade 6. In some cases, not all the 100 pupils got the chance to graduate because some of them are kids of the prisoners, who are then freed, goes back to their provinces together with the child. Had we not helped them? Possible kayang di sila makatapos? We encourage the children to keep going to school. We once plan to get help from the government but we thought that would continue our program to the direct beneficiary of this ...

Corporate Governance in Australia After Hih

...The lack of risk management within HIH was apparent and Mr. Adler’s unethical conduct was evident with his imprisonment. In view of the importance of risk management, Recommendation 7. 1 urges companies to establish policies for the over sight and management of material business risks (that is financial risks and non-financial risks) and disclose a summary of those policies while Recommendation 7. 2 call for the board to require management to design and implement risk management and internal c...

The Importance of Corporate Governance in Organizations

...However, people are more likely to perceive their own interests, seeking ways to cut corners and make things look better than they actually are. Corporate governance is therefore of utmost importance in any organization to limit CEO almightiness and protect shareholders interests. Such acts as SOX should be applied by absolutely every organization in order to be fair to everyone, however, not all companies are the same and this Act might not work equally good for every of them. Officials, who wr...

Stakeholder theory as an organisational management theory supports good corporate governance

...The Academy of Management Journal, 40, 658-72. UPS. 2011. Logistics at the Core: Corporate Sustainability Report 2011 [Online]. Atlanta Georgia. Available: http://www.responsibility.ups.com/community/Static Files/sustainability/2011_UPS_CSR_Report.pdf. WICKHAM, M., & WONG, T. 2009. Stakeholder Management Capability: Exploring the Strategic Management of Dissenting Stakeholder Groups. University of Tasmania. WINKLER, I. 2009. Stakeholder Salienc in Corporate Codes of Ethics [Online]. Availabl...

The External Institutions of Corporate Governance: regulators, markets, auditors and others

...The auditor’s substantive audit procedures shall include the following audit procedures related to the financial statement closing process: Agreeing or reconciling the financial statement with the underlying records; and Examining material journal entries and other adjustment made during the course of preparing the financial statements. When substantive procedures are perform at an interim date, the auditor shall cover the remaining period by performing : Substantive procedure, combined with t...

The Salient Features Of Corporate Governance On Financial Engineering After The Sarbanes-Oxley Act

...Most of the directors and officers are required to hold a certain percentage of their shares for the long term This has replaced the options which they previously had whereby they could dispose off their shares at will (Northrup 2006: 211). The issues required by corporate governance are complicated and costly for many companies and it remains a challenge (Kohn, Kohn & Colapinto 2004:50). With the current credit crisis, it is obvious that the financial institutions will continually be scruti...

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