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Corporate Governance: A Review Essay

… , 2003). Increased need of capital resources to be raised from open markets has also led the importance of corporate governance to increase in recent years. Another aspect of corporate governance culture that has increasingly come to be scrutinized is the value-based governance and bottom line governance. Firms in Europe and specifically in the U.S. market have emphasized that their companies should reengage in value-based corporate governance (Du Plessis, et al., 2010; p. 11)In modern corporations, corporate governance arises through the severance of ownership and management control in the organizations.

Principles of Corporate Governance

Researchers have also identified the essential principles on which the conduct of corporate governance rests. These are:

Discipline

Transparency

Independence

Accountability

Responsibility

Fairness

Social responsibility (Du Plessis, et al., 2010).

Du…. [read more]


Corporate Governance Two Different Research Paper

… Hernon & Nitecki note the many challenges of writing about quality because everyone has it defined differently (2001). Quality has encompassed everything from quality collections, organizational quality, continuous quality improvement, and total quality improvement.

Customers that share information about their expectations create a unique opportunity for small businesses to provide unique services to them. Some small businesses measure because the parent institutions, such as universities, corporations, government agencies and school boards, have made commitment to be accountable to customers and compete for loyalty (Thomas & Robson, 2004 ). Service quality provides a way to improve their ability to meeting their mission of serving users regardless of external pressures. Attention to service quality enables an organization to develop a partnership with its customers while gaining a…. [read more]


Corporate Governance in Russia Accountability Term Paper

… There is a hope that Russian companies will finally 'turn the page on their past corporate supremacy abuses' and the need for external capital will 'open critical opportunities for the development of corporate governance.'

The first legislative attempt to give enterprises more autonomy was embodied in the 1988 Law on State Enterprises. By 1990 several statutes had been passed, both on the Soviet Union and on the Russian Federation levels, which recognized private organizations of different types, however they 'were superficial and provided little if any guidance on organizational structure, fiduciary duty or shareholders' rights'.

The statute on joint stock companies confirmed by Council of Ministers of RSFSR (Decree 601) adopted in 1990 contained some improvements, such as 'guidelines on the rights and duties of…. [read more]


Corporate Governance Sustainability Essay

… At the same time, they can determine the effectiveness of them in real time. This helps them to quickly fix all issues and make adjustments that are necessary. Once this occurs, is when everyone is more responsive to the needs of stakeholders. (Corporate Responsibility Report 2011)

The problem is the Compliance department could become too aggressive in their tactics. This will cause various programs to face unnecessary amounts of scrutiny. When this takes place, many individuals will become frustrated by bureaucratic efforts to deal with these challenges. This is the point that the program will be ineffective at addressing the issues. (Corporate Responsibility Report 2011)

Fairness

Fairness is when there is an emphasis on ensuring that all programs are taking a balanced approach when dealing…. [read more]


Corporate Governance in Harris Scarfe Essay

… Some of the firm's senior management such as the executive chairman and Mr. Daniel Francis McLaughlin were charged with allowing these financial irregularities to be carried out in the company. Even though McLaughlin was a respected and hardworking executive, he failed to provide truthful financial information to the board in his monthly reports. Together with other top executives, he failed to act honestly in exercising his powers and carrying out his duties in a manner that exhibited good faith in the best interests of the firm.

Relationship between the Board and Other Corporate Stakeholders:

Before the collapse of Harris Scarfe, its evident that the relationship between the board and other corporate stakeholders was poor. The board basically provided false information that they received from the…. [read more]


Corporate Sustainability Summary Essay

… 111).

This theory mostly concentrates on the fact that organizations have stakeholders who might not be legitimate. Relationships built on illegitimate terms will not only damage the organization but could be a waste of time for the organization that had been attempting to establish a better relationship with the employees and the rest of the stakeholders. An illegitimate stakeholder can turn from a good to a dangerous stakeholder and not only demeans the efforts of the management but could also pose danger to the organization (Santana, 2012, p.257). Legitimacy is a necessity for the establishment of healthy working and personal relationships.

Legitimacy Theory

The legitimacy theory is one of the most popular theories that is largely cited by organizations for a number of reasons. One…. [read more]


Corporate Social Responsibility and Transnational Essay

… Charitable organizations on the local level are supported be adding individuals and families to their support network. Disable people and elderly can get the support of Primark. Another social responsibility they took in consideration is that they work with a local job centre and help the people to get trained and get better jobs along with some financial help as well. Primark take the responsibility with the help of their facilitators of environmental impact and introduced a regulation for this purpose ("Corporate Social Responsibility").

Microsoft works with a small team they call Citizenship team for all the CSR activities. Citizenship leaders work with citizenship team and provide them the leads on issues for the development and betterment of local communities. NGOs, governments and a wide…. [read more]


Corporate Governance, Term Paper

… INFORMATION SECURITY GOVERNANCE

Information Security Governance comprises, Leadership, company structures, procedures and monitoring systems and technologies that ascertain privacy, reliability and availability of company data.

5.1 Corporate Governance and Information Security Governance

Corporate Governance entails set of laws, regulations, and internal controls that manages and regulates organizations. Information security governance is a division of companies' general corporate governance plan. The information maintained by companies is one of the fundamental assets for the success of the business. The boardroom accounts for the success of the company bears the responsibility of safeguarding classified information. The safety of such information is achievable through efficient management and ascertained by efficient oversight of the board members (Whitman, Michael, Mattord & Herbert, 2012).

Companies view Information security governance as a complex…. [read more]


Corporate Governance on Organizational Performance Essay

… However, we have to note that, best practices of management of the organization will not fully reflect the performance of an organization. One has to understand that human have different strengths and are creators with different mindsets (Adams, Almeida & Ferreira, 2005).

"Best practice" on customers

Customers are consumers of products created in corporations. Their importance is crucial to the performance of the organization. For the Airline Company, the need of customers to travel has led to the growth of the flight companies. Consumers' rights have continually influenced performance of the organization. Consumers have different taste and preferences, which have made organizations, develop strategies to meet the ever-growing demand. These changes in customer preferences have increased competition in almost every field. Therefore, any organization that…. [read more]


Governance Is an Important Component Essay

… His or her role is basically project governance. The executive sponsor is indicated by the work of Lynn and Cooke-Davies (2012) to be very pivotal in ensuring project governance is achieved.

According to Crawford et al. (2008), it is he responsibility of the project or organization directors to ensure that accountability and transparency rein throughout the project operations and that they provide a structure via which the objectives of a given organization are appropriately set. They are also responsible for coming up with the means of realizing the set objectives as well as monitoring the performance of the project as noted by OECD (2004).Visibility as well as control must always be maintained throughout all the process of ongoing operations. The Project Executive must act as…. [read more]


Corporate Compliance Plan Research Paper

… Corporate Compliance Plan for General

Commercial Construction Company

This work examines the 'Corporate Compliance Plan' and specifically in relation to the General Commercial Construction company engaging in business. Corporate compliance includes adherence to external legal requirements which includes environmental, financial, employee and product safety requirements as well as other health and safety regulations. The United States Sentencing Commission in 1991, adopted Organizational Sentencing Guidelines which affect the effect that these criminal sentencing sanctions would likely have on businesses and corporation and findings show that these guidelines offer very convincing incentives for compliance programs to be put into place and for violations, upon their discovery, to be reported.

ELEMENTS of a SUCCESSFUL COMPLIANCE PROGRAM

The work entitled: "Fighting Global Corruption: Business Risk Management" published by the…. [read more]


Corporate Governance and Accountability Essay

… Corporate Finance

Corporate Governance and Accountability

As with almost every culture, the Vietnamese have experienced some of the less wanted effects of economic liberalization: dishonesty, a proliferation of dangerous products dumped on an innocent public, an increase in the amount of swindlers and scam-merchants, local and imported, malicious degradation of the natural and constructed atmosphere, and so on. Being a Socialist state, many are motivated to accomplish that the behavior of greedy, avaricious, disgraceful people is to be anticipated in a market economy. Several think this to be the essential price paid for financial development. Many rival the worst forms of commercial conduct; as if doing so were a precondition for achievement (Longstaff, 1995).

Two matters that have come to light lately in the country…. [read more]


Relationship Between Stakeholders and Corporations and CSR Corporate Social Responsibility Research Paper

… Business Theory

Relationship between Stakeholders, Corporations and Corporate Social Responsibility

Businesses around the world are under pressure with a new function, which is to meet the needs of the present generation without compromising the capability of the next generations to meet their own needs. Companies are being called upon to take accountability for the ways their operations impact societies and the natural environment. They are also being asked to apply sustainability philosophies to the manners in which they carry out their business. Sustainability refers to a company's actions, usually considered charitable, that show the insertion of social and environmental concerns in business opera-tions and in associations with stakeholders (D'Amato, Henderson & Florence, 2009).

It is no longer suitable for a corporation to experience financial prosperity…. [read more]


Corporate Governance Under Globalization in the U.S Research Proposal

… Corporate Governance Under Globalization in the U.S. And the U.K.

The failure of governments both domestic and international to provide effective oversight of corporate activities over a period of significant economic growth would precipitate a pattern of misappropriation, corruption and willful mismanagement. This would help to produce our current fiscal crisis as a global community and within powerful economies such as the U.S. And the U.K., with a clear need for stronger and more carefully conceived corporate governance emerging from the dust of countless corporate collapses. And though both the United States and the United Kingdom have responded by adopting stricter controls, the distinction in their respective approaches to addressing issues of corruption may well be in their differing definitions of corporate governance. The research…. [read more]


Corporate Governance in Australia Term Paper

… Corporate Governance in Australia

Australia Corporate Responsibility and Corporate Governance

The proper governance of companies will become as crucial to the world economy as the proper governing of countries... strong corporate governance produces good social progress. The two go together." James Wolfensohn, President of the World Bank (qtd in Detomasi, 2002)

Economic prosperity is a product of a strong collaboration between the investors and the government. Both local and foreign investors need an assurance of their security and protection of interests from the government. A call for a responsible corporate governance in return yields a rewarding economic stability that eventually contributes to the country's progress.

Corporate governance and responsibility of a particular country are measured up by international investors in order to protect their interests,…. [read more]


Corporate Governance Term Paper

… In order to compensate for this, the system of claw back was initiated, whereby an executive had to pay back his share of the unprecedented profits. (Monks; Minow, 1995, p.94)

Another method was to expense stock options so that all costs would be more transparent, and the result would be that excesses could be controlled to a large extent, and the pay packages would be adequate. The issue of unauthorized groups or cartels that benefit from corporate control is another one that has to be tackled by corporations. (Williamson, 1979, p.81) These groups are more interested in investing in resources that are controlled, rather than in resources that would benefit others by either creating new wealth, or by making use of resources to make new…. [read more]


Corporate Governance and Social Responsibility Essay

… Corporate Governance and Social Responsibility

When used in the same sentence the concepts of corporate fiscal responsibility and social responsibility create an oxymoron. The expectations of corporate management, stockholders, and government oversight do not equate to a social moral expectation or consciousness. To suggest that a corporation has a moral obligation to the community, demonstrates a lack of understanding of capitalism and business. Capitalism demands that businesses compete for consumer loyalty, which is the basis of their profit. The very nature of business is to realize profit by marketing goods and services for a cost that is above the cost of production and operation of any given business. America is a consumer society, and much of the rest of the world is quickly following along…. [read more]


Corporate Governance as Some Queries Term Paper

… These bodies render the structure for setting-up 'stakeholder council' as stated by Guthrie & Turnbull and Turnbull. Hill & Jones have made on the effort of Jensen & Meckling to identify the inherent as well as the overt contractual associations in an organization to build up 'Stakeholder-Agency Theory'. The interdependence among an organization and its strategic shareholders is identified by the American Law Institute that states: The present corporation by its character makes interdependences with various groups with whom the corporation possess a legal apprehension like employee, suppliers, customers, and the associations of the communities within which the corporation functions.' (Cadbury, 1998)

Shareholder opinion as well as ownership as proposed by Porter and Blair can be offered by're-inventing' the notion of an organization as suggested…. [read more]


Corporate Governance and Environmental Performance Hypothesis

… ¶ … Corporate Governance and Environmental Performance

In corporate governance literature, there is no generally accepted definition of the corporate governance concept. However, companies, organizations, investors and other users define the concept according to their perception. In addition, there exists various definitions of corporate governance, and some of the definitions present corporate governance as a system, which is core to the control and directing of a company. On the other hand, there are definitions that stress the activism of investors, presenting their significance in corporate governance. From such a view, the corporate governance refers to the relationship between the firm and shareholders. In this case, the shareholders advocate for best practices, and include the efforts of the shareholders in achieving the company's goals. Other definitions…. [read more]


Organizational Accountability Review of Taiwan Peer-Reviewed Journal

… Ironically enough, the word "typhoon" means the deadly storm of Taiwan. The most recent typhoon in Taiwan, Morakot, is historically the most damaging.

The impacts of the typhoon are incommensurable in the short-term. In the Morakot Monsoon, there was a loss of over 600 lives and the loss of homes and of entire villages buried in the land or mudslides. Aside from the social aspect of the tragedy, the country faces the long-term economic impacts. The tourist industry, for example, is one of the most important generators of income to the state budget. The Morakot Monsoon caused losses of approximately $500 million (National Disaster Prevention and Protection Commission, 2009). These losses accounted for both destructions within the tourist industry as well as associated losses from…. [read more]


Corporate Governance and Social Responsibility the Pyramid Research Paper

… Corporate Governance and Social Responsibility

The pyramid of corporate social responsibility

The three-domain model of corporate social responsibility

Factors determining the importance of corporate governance and corporate social responsibility

Strategic issues with corporate governance and corporate social responsibility..5

The case of Wal-Mart

Importance of corporate social responsibility

Strategic issues

Concluding remarks

The contemporaneous society is changing at a rapid pace and organizations need to change along in order to remain competitive and able to attain their financial goals. Corporate governance and social responsibility represent modern day tools through which economic agents strive to improve their relationship with the stakeholders. In this light of events, a question is being posed relative to the roots of the organizational interest in the tools of corporate governance and social…. [read more]


Corporate Governance and Social Responsibility Essay

… Corporate Governance and Social Responsibility

Corporate Governance can be defined as the principles which guide the interactions between the managerial directors, stakeholders and shareholders of a company. These are determined by the related doctrines stated in the company's corporate charter, the internal laws and implied policies expected to be formally followed by the employees. It deals with supervising the top sectors of the management and conducting regular checks to verify that the approaches followed by the higher authority, comply with the corporate mission statement. Corporate Governance incorporates a collection of conventions, regulations and associations which steer the lines along with a particular organization is managed. It ensures that the individuals involved develop a solid rapport with each other. The directorial board, managerial committee and the…. [read more]


Corporate Governance, a Concept Term Paper

… This cooperation is important in creating jobs, wealth, financial stability as well as sustainability (OECD 21).

The fifth basic principle of corporate governance is related to the need of disclosure as well as transparency within organizational ranks. This is important in ensuring that there is a timely as well as accurate disclosure on all matters that relates to the corporation such as performance, finances, ownership as well as the governance of the corporation (OECD 22).

The goals and basic requirements of Sarbanes-Oxley (SOXI?

According to Coates (97), the main goal of SOX is to improve the level of audit quality while reducing fraud incidences on the basis of cost-effectiveness. The SOX requires that there is high quality and minimal fraud within the Public Company Accounting…. [read more]


Corporate Governance and Social Responsibility Adoption Case Study

… Corporate Governance and Social Responsibility

Adoption of Corporate Governance Principles

Evaluations & Recommendations

Adoption of Corporate Social Responsibility Initiatives

In the United States, corporate governance legislation was initiated mainly directed at listed enterprises requiring executives to confirm financial statements as accurate and requiring increased oversight of boards and auditors. Private unlisted enterprise though, remains free from such regulatory control and protection.

Adoption of Corporate Governance Principles

Evaluations & Recommendations

I would recommend the following Corporate Governance principles; gleaned from the Sarbanes-Oxley Act (2002), OECD (2004), Combined Code (2003) and the Australian Securities Exchange (2007).

Corporate Governance and Managerial Compensation

Being a mining company in today's economic climate, a major responsibility as far as corporate governance goes is for the board of directors is to determine…. [read more]


Data Governance Planning Document Research Paper

… ¶ … Governance Planning Document

Scenario

Major roles of our organization are to collect massive amount of data through automated systems on customer utility, supplier, and customer account information. While some of the data are used in aggregate form, some data are cross-referenced to GIS (geographical information system) data. These data are the organizational strategic critical infrastructure assets that need effective protection to enhance data integrity.

Objective of this report is to develop a data governance-planning document. The planning document provides the information pertaining to customer, operations, supply chain partners and production facilities.

Data governance refers to overall usability, integrity, availability, and security of the data within an organization. A sound data governance program refers to policies and strategies to make data consistent, secure, accurate,…. [read more]


Corporate Conduct Global Corporations Essay

… The experience that the UN has in this area makes it a practical alternative to establishing some type of international guidelines for global corporate conduct.

The major disadvantage of this type of mechanism is the type and extent of the control that the UN might attempt to exert over multinational corporations. If the UN tries to have too much control over these corporations the end result might be the stifling of the corporations and their ability to be profitable. The UN has also had its fair a share of scandal as it relates to some of the leaders receiving kickbacks. As such the UN might not be the most qualified party to handle the responsibility of monitoring the conduct of multinational corporations.

State and National…. [read more]


Corporate Process Essay

… Corporate Process

There are a number of key players in the corporate process. The director of a corporation is a person whose role is to act as an agent of the shareholders. The directors provide the oversight of corporate management and ensure that the needs of the shareholders are being met. Within this role, there are a number of key tasks that the directors must perform. Directors are responsible for choosing the CEO (who in turn selects the other executives). The choice of CEO sets the tone for the direction of the company, and can be a critical element in corporate strategy.

The directors also work in sub-groups in order to attain other elements of governance. Many current boards include committees on executive compensation. The…. [read more]


Corporate Social Responsibility Term Paper

… Corporate Social Responsibility

Do Corporate Social Responsibility Programs Work?

In answering the question of whether or not Corporate Social Responsibility (CSR) programs actually lead to companies being more socially responsible or merely using these programs as a means to polish up their brands and images, this paper analyse the efforts of Microsoft and Cisco in the high technology sector.

Microsoft's Efforts to Foster Employability through CSR Programs

There are many empirically-based research studies that provide insights into how companies are linking their CSR programs to strategic plans and initiatives. In the case of Microsoft and their partnership with the Technological Centre for the Textile and Clothing Industries of Portugal (CITEVE) as defined in the research cited (Bonfiglioli, Moir, Ambrosini, 2006) it became clear that in…. [read more]


Ford Motor Company Business Research Paper

… The investors of the sector would like to ensure that their long-term economic interests are served through investment in the sector. Therefore a requirement for the appropriate corporate governance is increased. The business should develop a plan to increase investor confidence through establishing a sustainable growth strategy. Following key principles are identified and explained in detail to address issues of corporate governance.

Ethical business Approach:

The organizational business area should be in line with the ethical business practices including the culture, society, and organization's perusal for its goals. Ford Motor Company requires highlighting the importance of value for the society, its organizational culture, and markets in which the business operates. The business should develop and work towards ethical business objectives. The possible goals for the…. [read more]


Irish Corporate Governance Irish Development Essay

… While this publication is not about NGOs directly either, it is still instructive about ties what for-profit corporations are doing to what socially responsible businesses are trying to accomplish because, "Ethical leaders speak to us about our identity, what we are and what we can become, how we live and how we could live better."

According to the Institute, there are ten character points that apply to every good governance organization, including effective NGOs. These points include making sure that the sense of direction comes from the top down (individual managers and the governing board) and that when these efforts are institutionalized they operate daily and across the layers of authority. Openness, honesty, integrity and allowing for dissent and discussion are particularly important. It is…. [read more]

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