Nobody downloaded yet

Corporate Governance - Coursework Example

Comments (0) Cite this document
Summary
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)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
Corporate Governance
Read TextPreview

Extract of sample "Corporate Governance"

Download file to see previous pages In addition, the 2007 global economic crisis can be attributed to the corporate governance failure to a great extent. This paper will explore the practical strategies which would improve current corporate governance system in UK. Corporate governance The concept of corporate governance underwent tremendous changes from period to period since its origin. Managements always pay attention to update their corporate governance strategy in accordance with the needs of time. The corporate governance policy also maintains the relationship among the stakeholders and the objectives of the organisation (OECD). In case of contemporary business concerns, the external stakeholder groups mainly include shareholders, creditors, suppliers, and customers while board of directors, executives, and employees. Top level mangers always focus on the impact of their corporate governance strategy on economic efficiency in addition to a strong emphasis on shareholder values. Since a series of corporate failures in 2001 were attributed to accounting fraud, today organisations give focus on internal check policies while formulating their corporate governance strategy. ...
The corporate governance practices are largely different across the globe. The Continental Europe’s multi-stakeholder model gives first priority to the interests of workers, customers, managers, and suppliers whereas the Anglo-American corporate governance model mainly recognises the interests of shareholders (Vasilescu, 2008). Continental European countries like Germany and Holland possess two-tiered Board of Directors with intent to improve their corporate governance practices. The main point of difference in corporate difference between United Kingdom and United States is that in UK, the CEO generally does not hold the chairmanship of the board whereas in US, the CEO also serves as the Chairman of Board. Corporate governance in UK In the opinion of Roberts (2011), the balance of power between the board of directors and the general meeting primarily constitutes corporate governance of a UK company. Generally, the term “governance” is used to refer to principles mentioned in the UK Corporate Governance Code. The UK Corporate Governance Code 2010 is a set of corporate governance principles which aim the improved performance of the listed companies on the London Stock Exchange (Harbottle and Lewis). Financial Service Authority’s Listing Rules demand the public listed companies to disclose how they have abided by the proposed code and explain where and why they have ignored the rule. Private companies are also encouraged to follow these corporate governance guidelines even though it is not a compulsory requirement in private firm accounts. This Code contains a principles-based approach and a rules-based approach; the former provides strategies for best practice while the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Governance Coursework Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/law/1430409-corporate-governance-enron-worldcom-and-parmalat
(Corporate Governance Coursework Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/law/1430409-corporate-governance-enron-worldcom-and-parmalat.
“Corporate Governance Coursework Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/law/1430409-corporate-governance-enron-worldcom-and-parmalat.
  • 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 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 + Submitted Corporate Governance QUESTION Corporate governance is the structure in which corporations are managed and directed. For a business to thrive properly corporate governance is essential. Good corporate governance gives accountability and creates trust among investors. Investors rely on company performances by viewing their reports and accounts to verify the standards of the business and its viability for investment. This may not always be the effective way of analyzing a business unless you dive into its...
12 Pages(3000 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(3000 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 Coursework on topic Corporate Governance for FREE!

Contact Us