Nobody downloaded yet

Comparative Corporate Governance - Coursework Example

Comments (1) Cite this document
The intention of this study is business takeovers as a very common act amongst the corporations. It occurs when a company or an individual gets hold of the entire or a large portion of the equity share assets of a firm that is publicly listed, and largely undervalued or managed incompetently…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Comparative Corporate Governance
Read TextPreview

Extract of sample "Comparative Corporate Governance"

Download file to see previous pages deal with mergers and acquisitions and will further strengthen the differences that exist between US and UK takeover activities. The directors of target corporations in U.S. can make use of the available takeover defences to shift the hostile offers within the procedures of a conciliated acquisition that creates greater power for negotiation allowing the board to optimize the value of shareholders within M&A transactions. While the process of conciliation is on, the directors have the power to consolidate provisions within the M&A agreement under the deal protection measure, that goes on to elevate the prices and premium rates for the shareholders. Therefore, we find that in case of US target corporation as per the extensive rules established under the Delaware General Corporation Law and the Delaware common law the ultimate authority and power is wielded by the board of directors in case of selling the company. However, the board of directors in U.K. target corporations do not have similar powers to transfer the offers into the process of conciliation. Instead, in this case the takeover defences are face strict prohibition order in UK and the recent amendments made to the takeover code by the Panel impedes the use of any kind of deal protection measures. Therefore, by removing the deal protection measures and the takeover defences, the takeover code largely curbs the board’s power of negotiation. This article will examine the various differences that exist in the regulation of takeover defences in the UK and the US and how they reflect the different approaches taken in the UK and the US to the balance of power between the board of directors and the shareholder body. Discussion Antitakeover disposition...
From the research it can be comprehended that antitakeover disposition used by target firms are defence measures adopted to avoid unwarranted hostile tenders presented by any future bidders. Some of the defence measures are used as pre-emptive strategies (in anticipation of future negotiation), while there are also a wide spectrum of complaisant defences available to organisations that find themselves as potential targets after the negotiations. Besides these, the defence strategies and the manner by which they can be employed differ widely between US (especially under Delaware law), and UK. As per the Delaware law while defending against a hostile takeover the directors of the target company may apply their ‘business judgment rule’ where they are allowed to show that after showing “good faith and reasonable investigation,” they felt a threat to the present policies of the corporation. Furthermore as per the awarded sentence in the case Unocal Corp v Mesa Petroleum Co, a judiciary review of any defensive takeover strategies looks towards whether the threat mentioned by the directors were viewed reasonably, and if the defensive strategies applied were feasible to the posed threat. In UK however, in direct contrast, the use of takeover defences to ward off hostile takeovers is restricted largely by the City Code on Takeovers and Mergers and make sit necessary that there is shareholder approval before the defensive strategies are exercised. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Comparative Corporate Governance Coursework Example | Topics and Well Written Essays - 3750 words”, n.d.)
Retrieved from
(Comparative Corporate Governance Coursework Example | Topics and Well Written Essays - 3750 Words)
“Comparative Corporate Governance Coursework Example | Topics and Well Written Essays - 3750 Words”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
charlieemmerich added comment 10 months ago
Student rated this paper as
The topic of "Comparative Corporate Governance" is quite popular among the tasks in high school. Still, this example opens a new perspective of seeing the issue. I’ll use the idea for my own essay.

CHECK THESE SAMPLES OF Comparative Corporate Governance

Comparative Corporate Governance

...://> Accessed 10 December 2011. R. McGee “Corporate Governance in Asia: A Comparative Study.” (2008) Accessed 10 December 2011. J. McMulllin “The Impact of SOX on the Market Audits of Public Companies and Audit Quality.” (2009) Accessed 9 December 2011. W. Niskanen “Economic Deregulation in the United States.” (1989) 8 Cato Journal 3. R. Morck A History of Corporate Governance Around the World (The University of Chicago Press 2005). R. Romano “The Sarbanes-Oxley Act and the Making of Quack Corporate Governance.” (2005... ?Introduction Corporate governance structures differ from one country to another. The United s and the UK both have evolved...
16 Pages(4000 words)Assignment

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 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

It would not be possible to create a global corporate governance code

...of their inclusion ,in letter and spirit, in any attempt to derive a global corporate governance code. It would not be possible to create a global corporate governance code 1- Introduction Over the several years ago, the major issue in corporate governance is a convergence' that has attracting many scholars and commentators in business field. The main reasons behind this approach are; the trend of globalization across the world and financial scandals that happened in many countries globally1. Most comparatives in this area have claimed that one or the other model is...
20 Pages(5000 words)Essay

Comparative Corporate Governance

...Comparative Corporate Governance Introduction: The Enron scandal which erupted in 2000 was one of the major causes for the media frenzy and investor displeasure that erupted in the marketplace. Enron officials were discovered to have bribed tax officials and paid no taxes at all between the years 1996 and 1999, despite being the seventh largest corporate entity in the United States.(BBC Report, 2003). Financial statements had been manipulated to reflect profits at a time the Company was approaching bankruptcy and the net outcome of the scandal was that hundreds of employees and stakeholders ended up losing their savings. There are several causes that have been cited for...
10 Pages(2500 words)Essay

Corporate Governance Reporting In a Developing Central African Economy: A Comparative Analysis of Corporate Governance Reporting in the London (GB) and Douala (Cameroon) Stock Exchange Market

...Corporate Governance Reporting In a Developing Central African Economy: A Comparative Analysis of Corporate Governance Reporting in the London (GB) and Douala (Cameroon) Stock Exchange Market Abstract This is a research proposal aimed at examining whether the information disclosed in the annual reports of the listed companies in stock exchanges reveal enough information for stakeholders to enable them make informed decisions as to the affairs and well-being of the companies in developing economies in general and Douala Stock Exchange, Cameroon in particular . This brief analysis covers a wide range of factors such as evolution of corporate governance, role of stock exchanges in corporate governance and the situation prevailing... with or...
35 Pages(8750 words)Thesis Proposal

Comparative governance

...Comparative Governance Contents Introduction 3 Discussion 3 Conclusion 6 References 7 Introduction Men and women should participate in local government and parliament issues in equal proportions. The benefits of participation of men and women in an equal proportion in local government and parliament issues are considered to be numerous. It helps the government to represent the population in a way which is considered better. There are numerous benefits of representative government such as engaging diverse communities, drawing on the skills of a group which is very broad, and managing the use of political power efficiently. Governments in this regard should make an increased effort to increase the number of female participations... in...
10 Pages(2500 words)Essay

Comparative governance

...Trial by Jury Contents Contents 2 Introduction 3 Discussion on Comparative governance 4 Legal Issues. 4 Conclusion 7 References 8 Introduction Daily in news various news related to the performance and working of different governments in different parts of the world are been seen. This news is all related to issues in different countries related to their individual governments. Though there are huge talks regarding the government but the actual definition of government is always misunderstood. As per the state senator of Colorado the main purpose of the government of a country is to achieve the goals that are not...
6 Pages(1500 words)PowerPoint Presentation

Comparative governance

...Comparative governance Introduction Social contract theorists explain that people enter into social contract with leaders who for governments with the view of protecting their interests for a specified duration. The theory explains the development of contemporary democracies throughout the world (Fox, 2013). Governments therefore carry out periodic evaluation of the societies thereby introducing new initiatives with the view of providing realistic solutions to the problems. The new initiatives occur in the form of new state officers mandated with particular duties thereby mitigating the problems. This increases efficiency in service delivery. The social structures of the...
8 Pages(2000 words)PowerPoint Presentation
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 Coursework on topic Comparative Corporate Governance for FREE!

Contact Us