Nobody downloaded yet

Corporate governance - Essay Example

Comments (0) Cite this document
Summary
In-spite of the significant amount of researches done in this field, only few conclusive evidences have been set forth regarding causal…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.9% of users find it useful
Corporate governance
Read TextPreview

Extract of sample "Corporate governance"

Download file to see previous pages uthor, difficulty of identifying a causal effect is aggravated due to lack of conclusive theories, which enable researchers worldwide to regard a specific corporate governance code as good or bad.
Corporate governance framework established within companies need to incorporate core values of accountability, transparency, responsibility and fairness (ACCA, “Disclosures on corporate governance”). Even so, reported high profile financial scandals such as, those of Enron and WorldCom, suggest that the framework was not implemented at all. Weak corporate governance and untrustworthy financial reporting were cited as major reasons behind these scandals. These facts called for the need to establish robust corporate governance framework among organizations all over the world. Following this incidents, many laws were passed such as, Cadbury Report in United Kingdom, Sarbanes Oxley Act in the United States, the Dey Report in Canada, the Vienot Report in France, the Olivencia Report in Spain, the King’s Report in South Africa, Principles and Guidelines on Corporate Governance in New Zealand and the Cromme Code in Germany. Some authors claim that these laws have proven to be immensely successful in achieving objectives of transparent financial reporting; whereas, some authors have conveyed their options against efficacy of these laws.
A significant proportion of research has investigated whether quality of financial reporting is influenced by various disclosure requirements of corporate governance. The results of these empirical researches are mixed. For example, research done by Armstrong, et al (2010) fails to provide conclusive results regarding ways in which managerial compensation influences quality of financial reporting. Cheng and Warfield (2005) have pointed out that a negative relation exists between managerial incentives and the standard of financial reporting. According to them, managerial incentives are amplified on the basis of their performance and not ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate governance Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Corporate governance Essay Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/finance-accounting/1646313-corporate-governance
(Corporate Governance Essay Example | Topics and Well Written Essays - 1750 Words)
Corporate Governance Essay Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/finance-accounting/1646313-corporate-governance.
“Corporate Governance Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/finance-accounting/1646313-corporate-governance.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporate governance

Corporate Governance

...Task Corporate Governance Introduction For quite some time, businesses or firms have been practicing merging or simply acquiring other businesses. This is achieved by having the acquiring company maintain its name while the other company’s name is eliminated. Likewise, the two companies have to set rules of engagement that will ensure that they both operate in a manner that serves both of them well without any unfairness. The rules may be touching on both the firms themselves or their customers. This may be because of taking over of one company by another, buying out of one company by another or simply taking over another company. This is done with the main of financial gains or even avoiding making...
4 Pages(1000 words)Essay

Corporate governance

...? CORPORATE GOVERNANCE …………………. and Number …………….. …………. Words- 759 Corporate Governance The way companies are governed determines their success and the role they may play in the economy as well. Companies in recent years started giving greater emphasis on effective governance with a view to ensure competitive position, attract sufficient capital, guarantee sustainability, and combat corruptions. Corporate governance practices are associated with the development of financial markets, because higher level of governance in most countries are related to larger securities markets and lower...
3 Pages(750 words)Essay

Corporate governance

...? Corporate Governance Table of Contents Table of Contents 2 Chapter 2: Literature review 4 2.2 Theoretical review 4 2.2 The principal- agent (finance model) 9 2.2.2 Myopic market model 12 2.2.3 The Stakeholder theory 13 2.2.4 Stewardship theory 17 2.2.5 Inherent property rights theory 18 2.3 Principles of corporate governance 19 4.1 Research philosophy 25 4.1.1 Phenomenological style or interpretivism 26 4.1.2 Positivist style 26 4.2 Research approach 28 4.2.1 Deductive research 28 4.2.2 Inductive research 28 4.3 Research question 29 4.4 Research strategy 29 4.4.1 Qualitative methodology 31 4.5 Time Horizon 34 4.5.1 Longitudinal time horizon 34 4.5.2 Cross-sectional time...
40 Pages(10000 words)Dissertation

Corporate Governance

... the company and must act only within the powers sanctioned to him and use the same only for purposes which would be beneficial to the organisation. Must take charge of all meetings of the Board when a Chairman is not present, and review plans, agendas and information that are sent to the Board for Board meetings and check on the meeting schedules to assure that there is enough time for discussion of all agenda items. Must serve as liaison between the independent Directors and the Chairman of the Board. Must monitor the self evaluations of the Directors in coordination with the Nominating and Corporate Governance Committee. Rights and Responsibilities of the board of directors at the Collective level Primary decision-making body... in...
8 Pages(2000 words)Essay

Corporate Governance

...?Corporate Governance Introduction The term corporate governance reflects a set of rules and processes based on which business operation is normally controlled and regulated. Corporate governance can be defined as “the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled” (Solms & Solms, 2008, p.2). An attractive theme of corporate governance is its mechanisms that try to avoid the principal-agent problem. In recent years, especially after the collapse of American corporate giants...
6 Pages(1500 words)Coursework

Corporate Governance

...? Corporate Governance of the of the Corporate Governance Q. Enron, Worldcom and Parmalat have generated immense interest in the study of corporate governance and in identifying how board actions can be monitored more effectively. Discuss one way in which you would improve the current scenario in regard to corporate governance. Introduction The corporate world is full of stories and events- some good and some bad, some which make the news and some which never see the light of day. Competition, personal greed, pressure from stakeholders and other sources are some reasons why business...
6 Pages(1500 words)Coursework

CORPORATE GOVERNANCE

...Corporate Governance Roll No: Teacher: 16th April 2009 This paper compares and assesses the extent to which the recommendations and principles of corporate governance have been implemented in the United Kingdom and the United States of America. It specifically assesses the effect of corporate governance implementation on controlling director activity and ensuring they make appropriate disclosures. The introduction section gives general principles and concepts about corporate governance. The main body of the paper carries out a comparison of the UK and the US corporate...
10 Pages(2500 words)Essay

Corporate governance

..., the firms are not only motivated by financial benefits but play wider roles in the development of the society as a whole. Various stakeholders ensure that the business is having positive impact on the wider imperatives of social causes like environment, better HR practices, effective CSR practices etc. The analysis of stakeholders also helps the firm to proactively support the community welfare and at the same time, meet the changing preferences of the customers, thereby significantly impacting it productive outcome and improving its image and credibility amongst the stakeholders. Answer 3 The corporate governance gatekeepers are people who are in position to influence the decisions and activities of...
2 Pages(500 words)Essay

Corporate Governance

...Corporate Governance Introduction The Organization of Economic Cooperation and Development (2004, p. 17) have defined governance as “the system by which business cooperation are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs” Corporate governance as a discipline creates mechanisms and processes that help in alignment of...
12 Pages(3250 words)Essay

Corporate Governance

...CORPORATE GOVERNANCE DISCLOSURE PRACTICES AND PROTECTION OF STAKEHOLDERS IN SAUDI ARABIA: RESEARCH FOR A WAY FORWARD A Thesis Submitted for the Degree of Doctor of Philosophy in Law By: () ( Student Number) LLB King Abdul-Aziz University LLM Nottingham Trent University () October 2014 Declaration I declare that, except where acknowledged, this work effort is my own, completed with the direction and advice of my supervisor. Table of Contents Declaration 2 Table of Contents 2 Abbreviations Used 11 Abstract 12 Acknowledgements 13 Chapter One Introduction 14 1.1 Preamble 14 1.2 General Background 15 1.3 Research Significance 16 1.4 Research Problem 17 1.5 Research Methodology 17 1.6 Research Aims 18 1.7...
5 Pages(1250 words)Essay
sponsored ads
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.

Let us find you another Essay on topic Corporate governance for FREE!

Contact Us