Nobody downloaded yet

Corporate Governance Law - Assignment Example

Comments (1) Cite this document
Summary
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. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Corporate Governance Law
Read TextPreview

Extract of sample "Corporate Governance Law"

Download file to see previous pages According to Turnbull (1999, p. 189), corporate governance is defined as executive procedures and structural organization that is used to manage and direct business towards ensuring financial stability and achievement of objectives. Corporate governance is concerned with the relationship among the Board of Directors, minority shareholders, controlling shareholders, and the management. The history of corporate governance dates back to the nineteenth century when there was increasing emergence of limited liability companies in Europe and America (Klapper and Love, 2003, p. 28). Since then, the system has increased in prominence in many countries across the world because it has proved to contribute to sustainable economic development and the performance of companies. Minow (2002, p. 16) notes that the principles of corporate governance provide the framework for the following: disclosure and transparency, the role of non- financial stakeholders, the Board of Directors responsibilities, rights of shareholders and other stakeholders and their equal treatment. OECD (2005) states that corporate governance law is at the core of corporate governance and further argue that it provides basis for various aspects of corporate governance hence making it effective. Corporate governance law provides framework for intellectual property, litigation, mergers and acquisitions, and other vital decisions that relate to corporate governance (Minnow, 2002, p. 71). ...
Importance of Corporate Governance Before comparing and contrasting Anglo- American model and European model of corporate governance, it is crucial to understand why corporate governance is important and relevant to countries and companies. According to Bhagat and Bolton (2008, p. 260), numerous studies have shown that corporate governance plays an important role in facilitating and guiding the development processes of countries and organizations towards achievement of their objectives. Klapper and Love (2003, p. 33) argue that even though corporate governance is important for all the countries regardless of their social and economic status, the concept is more crucial in achieving public policy objectives in emerging market countries. Good corporate governance is essential in reducing the vulnerability of emerging market to financial crises, contributes to capital market development, reduces cost of capital and transaction costs, and reinforces property rights (La Rocca, 2007, p. 312). Basically, corporate governance is critical in addressing the issue of integrity especially regarding how the management and board of companies are discharging their duties. Apart from that, corporate governance provides the basis for setting up regulatory entity; it allows an organization to introduce regulation and oversee the proper implementation of the regulation. Additionally, this concept is vital in enhancing the institutions’ remunerations and financial policies which enable institutions to make profits and prevent the institutions from effects of financial crises (OECD, 2005). According to Minow (2002, p. 30), strong corporate governance practices significantly increase productivity, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Governance Law Assignment Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/law/1394665-corporate-governance-law
(Corporate Governance Law Assignment Example | Topics and Well Written Essays - 3000 Words)
https://studentshare.org/law/1394665-corporate-governance-law.
“Corporate Governance Law Assignment Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/law/1394665-corporate-governance-law.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
sc
schusterflorian added comment 8 months ago
Student rated this paper as
Helpful paper! Used it to complete an assignment for a law course. It was easy as ABC, for the first time in my life.

CHECK THESE SAMPLES OF Corporate Governance Law

Corporate governance - Law

...corporate Governancec Code. P 9-26 Hogg, C. 2010. The “Comply or Explain” Approach to Improving Standards of Corporate Governance. Q Finance. P 1. www.qfinance.com Kiarie, S. 2007. Non-executive directors in UK Listed Companies: are they effective? International Company and Commercial Law Review. Issue 17. Sweet & Maxwel. Pp 2-6 Miles, L. and Jones, M. 2009. The Prospects of Corporate Governance Operating as a Vehicle For Social Change in South Africa. Deakin Law Review. 14(1). Pp 53- 70 Owen, G. January 2001. Corporate governance in Britain: is incremental reform enough?...
4 Pages(1000 words)Essay

Law of corporate governance question ( Criminalising corporate governance failures is a step too far. Discuss )

..., or pieced and the law disregards the corporate entity and pays regards instead to the economic realities behind the legal facade, that is, where the facts supersede form. The exceptions should however be classified between those provided by statute and those provided by law4 Why must the courts lift the veil of the corporation? The sole reason is because maintaining it will cause many problems to criminalize corporate governance failure. Reference should be made to Bank Voor Hnadel en Sheep v. Slatford5 where Lord Devlin also said “the legislature can forge a sledge hammer capable of cracking open the corporate shell”. With regards to...
18 Pages(4500 words)Essay

Corporate Governance Law Paper

...task and responsibility. Primordial of this responsibility is to ensure that the interest of the stockholders is not only upheld at all times, but it is also his responsibility to ensure that the company remains and becomes a good corporate citizen while complying with fealty to applicable government regulations. His responsibility also includes harmonizing the efforts of the entire organization to enable it to meet its targets while ensuring that its partners and other stakeholders are also focused towards attaining the organization’s goals. The divergent interests of these groups most of the time run contrary to each other, thus the Chief Executive Officer most of the time also acts as a consensus...
7 Pages(1750 words)Term Paper

UK Corporate Governance Law

...?Harris Kamran Corporate Law Analysis 9 April UK Corporate Governance Law The UK Corporate Governance Law is instituted to enhance the understanding and level of cooperation between the business board members and the shareholders, so that each may deliver their duties to the best interest of the company, and can openly and honestly share ideas and opinions (FRC 2010). The recent revisions made in the Law were required to ensure a greater application of the law, both in the letter and in the spirit, and a greater ease of flow of information between the shareholders and the board (FRC 2010: 2). It is the responsibility of the shareholders to elect the directors of the board, and it is the job of the directors to draft a working plan... and...
3 Pages(750 words)Essay

Company Law - corporate governance

...efficiency and competitiveness. The corporate governance is employing many strategies to secure managerial qualities and skills from directors and the employees. Some changes are made in case law (company Law), to make the strategies of the companies and the aspirations of the stake holders to fulfilled. In this manner the case law should deal with the sincerity, diligence of the directors and the skills of the employees. The consequences when the policy of the company makes a director a victim or a loop hole in a law makes the company pay compensation for the victim on behalf of the employee can be examined. The points and the...
14 Pages(3500 words)Essay

Systems

2 Pages(500 words)Essay

Corporations/company law (in relation to corporate governance, directors duties and shareholder remedies)

...DIRECTOR DUTIES UNDER CORPORATION ACT 2001 –AN ANALYSIS In Australia, companies are governed by the general law of Australia and various provisions of both state and federal laws but the chief governing statute is the Corporation Act 2001. Under Corporation Act, directors of Australian companies are imposed with statutory duties. ASIC is toothed with the authority for prosecution of a director for a civil breach and can levy fine for a civil breach and may impose a banning order and an order to recoup the losses sustained by the company due to director’s action. If a director has been found with recklessness or dishonest, a criminal prosecution may be proceeded with levy of either fine or imprisonment1. 1. Have Smith, Jones... and the...
9 Pages(2250 words)Essay

Law, Ethics, and Corporate Governance

...customers of the company. That is why employees are prohibited from engaging in such promotions. A similar clause is applicable to family members of the employees, but this varies from company to company. Also, the corporation has to specify this clause in the promotional campaign. This is usually mentioned in fine print though. Question 4 When a company initiates a promotional campaign, it also establishes terms of the promotions. This includes the validity of the offer, the necessary clauses etc. In the eyes of law, these terms of agreement will act as a binding statute for the company and it will have to fulfill any and all obligations which are encompassed within the terms and conditions. The extent...
4 Pages(1000 words)Assignment

Corporate Governance Rules albazie law business

...number Prof 11 March, Comparison between corporate governance in the US and Kuwait Corporate governance is defined as a set of rules established by corporates to facilitate accountability, transparency and control framework into the corporate affairs. These are put in place to build confidence and mutual trust of the shareholders under the concept of disclosure. While most fundamental principles may be similar, corporate governance set of rules may differ from one country to another. A case of the US and Kuwait is considered in this essay. Similarities: In both cases a corporate is...
1 Pages(250 words)Admission/Application Essay

Ethics in Workplace Relationships: Case of Marks and Spencer and Shell

8 Pages(2000 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 Assignment on topic Corporate Governance Law for FREE!

Contact Us