We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The impact of globalization on corporate governance - Assignment Example

Comments (1) Cite this document
Summary
Businesses and corporate houses have a huge impact on a country’s economy. Apart from investing in government projects, corporate houses also carry the responsibility of proper conduct on their shoulders. Business houses need to behave ethically and this in turn will lead to economic development…
Download full paper
GRAB THE BEST PAPER
The impact of globalization on corporate governance
Read TextPreview

Extract of sample
The impact of globalization on corporate governance

Download file to see previous pages... So corporate governance has now emerged as global responsibility. The effect of global approach to regulate corporate governance is debatable. Criticisms are there that such regulations carry no meanings as big corporate houses have the power to manipulate even the international policies owing to their size and their influence in markets. In recent times agencies such as Organization for Economic Corporation and Development (OECD) and Indian Labor Organization (ILO) have prepared a set of guidelines so as to regulate corporate governance. The activities and behavior of business houses are checked upon mainly on issues like environmental protection, human rights, safety and corruption. In developing countries through effective corporate governance corporations can contribute largely in labor and environmental conditions of the country. Considering all these facts one can rate global approach to regulation highly important for corporate governance and the paper intends to addresses this issue through a series of case studies and analysis.
Corporate governance helps companies and economies to bring in new investors and strengthen the foundation. It also makes a firm more competitive by improving its economic performance. Elimination of corruption and financial scandals is considered as the major objective of corporate governance.It has been widely accepted that a written code of conduct helps in improving corporate governance. United Kingdom has adopted such principles for governance in 2003 and has obtained amazing outcomes in 2005. These global rules include ability of mobilizing and monitoring of productive resources and their effective allocation. (Isaksson, 1999). Separate committees should be set up for nomination, compensation and auditing. Transparency of the annual reports and accounting matters is now compulsory as per guidelines. This are now regulated through actuarial information in UK (Regulatory Strategy: Our role and Approach, 2009). The board of directors’ decision making should only be in favor of fulfilling company’s interests. The conduct of the directors is very crucial and their decisions matter a lot, especially in turnaround situations. The investors also bear similar responsibilities more in the area of risk management and when voting for vital issues. There is a need for the companies to realize their social and environmental responsibilities (Bowes, 1999). The importance of this global approach for proper conduct is to such an extent that corporate social responsibility has taken the name of globalization of business and economies. National economies have become enormously inter dependant in the areas of trade and finance. In some cases there has also been integration of macroeconomic policies (Guillen, 1999).In Asian countries before such global approach there have reports against the companies for unfavorable working conditions and employment of child labor. For developing countries overlapping public and private sector have prevented good corporate governance in the past (Kostyuk, Braendle & Apreda, 2007) Global agencies have worked quite hard in regulating ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The impact of globalization on corporate governance Assignment”, n.d.)
Retrieved from https://studentshare.org/business/1392939-international-financial-strategy
(The Impact of Globalization on Corporate Governance Assignment)
https://studentshare.org/business/1392939-international-financial-strategy.
“The Impact of Globalization on Corporate Governance Assignment”, n.d. https://studentshare.org/business/1392939-international-financial-strategy.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
gl
glovervicky added comment 1 month ago
Student rated this paper as
I didn’t know how to start my essay. "The impact of globalization on corporate governance" helped me out a lot! Especially the list of resources was valuable.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Comparative Corporate Governance
Managerial accountability is the same, however, due to two things – either managers are not accountable to shareholders, because there basically aren’t any shareholders, as is the case in developing countries; or managers are not accountable to shareholders because of shareholder apathy.
16 Pages(4000 words)Assignment
Corporate Governance in UK
This paper will critically analyse the different aspects of the corporate governance practices in the UK and will compare them with those of other countries. The concept of corporate governance underwent tremendous changes over the last few decades, especially after the emergence of globalisation and associated industrialization.
6 Pages(1500 words)Assignment
Corporate Governance Law
CORPORATE GOVERNANCE LAW. Corporate governance is a system that has gained prominence in the management of organizations across the world and plays a critical role in facilitating organizations to be effective and efficient hence attainment of organizational goals and objectives.
12 Pages(3000 words)Assignment
The impact of Corporate governance and on Corporate strategy
Corporate governance is simply a term used for the way that companies (corporate) are run and operated (governed). As stated by Colley et al. (2004) there have
8 Pages(2000 words)Essay
Connection between corporate governance and company valuation in emerging market countries
Different researchers have provided evidences to establish strong connections between corporate governance, legal infrastructure, corruption and the value and performance of the firms. According to the work proposed by LaPorta, Silanes and Shleifer (1999), the
18 Pages(4500 words)Assignment
Corporate Governance
Different processes that define corporate governance also promote transparency. Notably, corporate governance also involves a company’s compliance to both statutory and legal requirements. Companies that are committed to
2 Pages(500 words)Assignment
Corporate Governance
The board had repeatedly requested for information during meetings and Viehbacher never provided (Feintzeig 1-2). Notably, the current environment is distinct from the past. In the past, CEO dismissals were masked and regarded as embarrassing
2 Pages(500 words)Assignment
Corporate Governance
Corporate governance has a framework that consists of implicit and explicit contracts between the stakeholders and the company for distribution of rights, responsibilities and rewards. It also consists of procedures for the reconciliations of conflicting stakeholders
9 Pages(2250 words)Assignment
Corporate Responsibility and Governance
Stakeholder theory states that any organization is a system of many stakeholders who are responsible for providing necessary market and legal infrastructure. This form of infrastructure is necessary for
12 Pages(3000 words)Assignment
Corporate Responsibility & Governance
To begin with corporate social responsibility is an integral part of entirely every business firm since stakeholders are increasingly expecting the organisations to conduct
12 Pages(3000 words)Assignment
Let us find you another Assignment on topic The impact of globalization on corporate governance for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us