An author of the essay "McBride Financial Services Governance Evaluation" claims that all the problems of the firm are fundamental since the management of the firm has adopted customs that are not in line with the corporate governance standards…
Download full paperFile format: .doc, available for editing
Download file to see previous pages
The organization is experiencing many challenges at the initial stage since it is a private and small firm. The chief executive officer, Mr. Hugh, is one of the key impediments to the accomplishment of the firm objective, since he is the proprietor of the firm and, as a result, there is a tendency of putting his own interests first. McBride being the chairman of the board and a chief executive officer will have a considerable manipulation of the decision made by the board of directors as well as the management team (Maimako, 2010). This is because being the head of the two organs he can object to a decision that is unfavorable to his own interest. Commercial analysts have criticized the organization for its inability to comply with the rules of investment and borrowing funds from beltway investment. Beltway investment emphasizes that all the firms that seek any assistance from it must comply with all the requirements of investment, failure to which the application of the assistance will be null and void. The management of McBride investment is willing to obey and follow all the requirements of Beltway Investments. The management strategy of beltway investment seems to have some doubtful professional standards though McBride seriously opposes the perception. Beltway investment grants firm the freedom to manage their own style. It emphasizes the universal standards of corporate governance and any equity-based compensation plans in line with the achievement of the firm’s objectives. There should be no any form of discrimination. Even though McBride is seeking to fully comply with beltway investment he insists that his decision on the directors and the management method are to be followed. He further insinuates that the firm will manage their finances in their own way to meet the firm’s objectives. McBride financial services will not entertain interference in its affairs. They think that external entities will jeopardize the firm’s operations and thwart the achievement of the set goals, (Tricker, 2009). Challenges of McBride financial services MacBride financial services have many challenges since it is a new firm as well as the brokerage firm. In line with corporate governance, the firm has to comply with the international standards where best practices and the formal laws are to be observed. In a nutshell, the problems of the firm are natural since the management organ of the firm has adopted practices that are not within the global standards of corporate governance. McBride financial services are faced with the problem of personnel recruitment. The organization depends on personnel appointed by McBride. These appointments are of doubtful standards since they are based on personal relationships instead of professional qualifications. The decisions to be made by the management organs are so critical and the people to be employed are supposed to be of immense integrity. This means they should undergo a thorough recruitment process to get the best. The policy of Mr. Hugh on appointment is that he appoints individuals who go by what he says, and does what he expects of them. This might not work well for the firm's strategic objectives. In the event that the firm experiences by the administrative problem, it will be extremely difficult for them to solve them internally. (Hirschey, & Makhija, 2004).
...Download file to see next pagesRead More
A number of weaknesses were exhibited in the banking sector, which contributed to the financial crisis including “excessive leverage, inadequate and low quality capital, and insufficient liquidity buffers” (Basel Committee on Banking Supervision (b), 2010, p.
The challenges are both long-term and short-term. As a result, the survival chances of the firm are extremely minimal. In line with corporate governance, the firm has to comply with the international standards where the best practices and the formal laws are to be observed.
This ensures that the relationship that exists between a company’s board, its management, its shareholders and other stakeholders is a cordial relationship that would last. It also ensures there is no conflict of interest between the parties. This gets achieved through laws and policies et cetera that govern the company’s operations.
Corporate governance is undoubtedly fundamental in the organizational setting. Practices of corporate governance influence and inform the interactions and relations between various stakeholders within and across an organization or industry. This was well observed during the global financial crisis that led to the failure of banks in the UK.
The underlying factors of the market that determines the value of derivative contracts may be currency conversion rates, interest rates, equity prices, commodity prices, etc. The derivative contracts may take the form of options, swaps, futures, forwards, etc.
The main intention of the study is to develop an understanding of the concepts of management in the banking and finance industry in general and how the established theories and principles are applied to the industry and some of the organizations. During the study, an effort will be made to observe the general working at some banks and financial institutions to seek answers to the following key objectives.
We, at McBride Financial Services recognize the importance of your privacy while delivering high-quality financial services. Our web-site requires you to provide us your personal information, which is essential for processing your loan application. The information that you will need to furnish in your mortgage application includes your name, address, employment details, property information, marital status, and spouse's information.
These challenges remain critical to healthcare management as significant staff shortages are predicted, exacerbated by increasing demand for services. Managers around the world, therefore, share a common desire to manage people in ways that enable the
cing operations, become a profitable company within one year of operating, leverage technology to minimize costs and maximize efficiencies for customers and the business in applying for and obtaining mortgages. This marketing plan will assist McBride financial services to
s largely on account of the reduced market entry barriers and a positive swing in demand for investment advice from consumers who need professional guidance in choosing from a wide range of financial products available in the market. The role of financial advisors in such cases
20 Pages(5000 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"McBride Financial Services Governance Evaluation"
with a personal 20% discount.