StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Corporate Governance and Change Management in Public Sector - Assignment Example

Comments (0) Cite this document
Summary
This assignment will evaluate the approach to corporate governance in one of the public sector corporations in Saudi Arabia - Saline Water Conversion Corporation. Furthermore, the assignment investigates how can an organization’s culture facilitate or impede the process of change management…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.6% of users find it useful
Corporate Governance and Change Management in Public Sector
Read TextPreview

Extract of sample "Corporate Governance and Change Management in Public Sector"

Download file to see previous pages Corporate governance encompasses how an organization is managed, its corporate and other structures, its culture, its policies and strategies, and the ways in which it deals with its various stakeholders. Corporate governance concerns the relationships among the management, the board of directors, the controlling shareholders, minority shareholders, and other stakeholders. Good corporate governance contributes to sustainable economic development by enhancing the performance of companies and increasing their access to outside capital. Corporate governance further represents the relationship among stakeholders which determines and controls the strategic direction and performance of organizations. Fundamentally, corporate governance is about power, accountability, and the rules of the game and includes strategic planning, leadership, organization design, stewardship, risk management, and assurance.
Six main principles that public sector entities must adhere to in order to effectively apply the elements of corporate governance to achieve better practice governance. Three of these elements – leadership, integrity, and commitment - relate to the personal qualities of those in the organization. The other three elements – accountability, integration, and transparency – are mainly a product of strategies, systems, policies, and processes in place.
One of the ways managers can come to grips with corporate governance concepts is through a model such as the Governance Loop. The Governance Loop is a model of the factors and forces involved in corporate governance.
In the case of state-owned enterprises, one needs to consider the respective roles of not only the board and management but also the role of government as a shareholder. The government has to understand its leadership role in directing and guiding the state-owned enterprise.
  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Corporate Governance and Change Management in Public Sector Assignment, n.d.)
Corporate Governance and Change Management in Public Sector Assignment. https://studentshare.org/management/1704528-puplic-sector-management-mba-elective-assignment
(Corporate Governance and Change Management in Public Sector Assignment)
Corporate Governance and Change Management in Public Sector Assignment. https://studentshare.org/management/1704528-puplic-sector-management-mba-elective-assignment.
“Corporate Governance and Change Management in Public Sector Assignment”. https://studentshare.org/management/1704528-puplic-sector-management-mba-elective-assignment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporate Governance and Change Management in Public Sector

Management--corporate governance

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... Remuneration The key objectives of Executive Remuneration with regard to Recommendations 4, 6, 7, 8 and 9 are discussed as follows: It hasbeen observed that the country has seen unprecedented rise in the salaries of the CEOs and other top management personnel over the years. However, at the same time there have been a series of events on account of high-profile collapses of companies, where the common aspect has been the high amount of remuneration paid to the top executives. The failure of corporate governance in the past, and its direct association with the high managerial remuneration has spurred a series of...
4 Pages(1000 words)Essay

Public sector management and governance

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... and section number of New public management (NPM), has its processes and management techniques taken from private sector and is found to be a global phenomenon to which many nations are converging. New public management activities focus on public management and ignore the traditional public administrations system. Crucial factors of new public management include different types of decentralizing management in public services. For example, financial control, delegation of budgets and formation of autonomous agencies. Other factor includes extensive use of markets and competition in providing public services. For example...
9 Pages(2250 words)Essay

Public Sector Management

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... The paper is devoted to the discussion of the issues of management in public sector, ly the questions of the corporate governance and the problems of providing consultations with the key stockholders. As these issues often become cornerstones for the companies of public sector, it is necessary to base their description on the real environment with the application of the appropriate theories Public sector management In any environment, especially in public sector management, it is necessary to make the business reconcile with the human values, and thus corporate governance becomes the challenge for many ...
10 Pages(2500 words)Essay

Corporate Financial Management ( CORPORATE GOVERNANCE)

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... The current debate on the failure of financial s extensively discusses the nature and extent of corporate governance failure. The corporate failures of WorldCom and Enron indicated that the overall corporate governance infrastructure within the firms was not effective. It was because of this reason that the regulations such as Sarbanes Oxley were promulgated in order to make it mandatory for the organizations to have a certain degree of corporate governance mechanism within them. The failure of large institutions especially financial services firms reflected on the inability of the managers to ensure that the overall...
10 Pages(2500 words)Essay

Public sector management

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... Sector Management Table of Contents Introduction 3 Literature Review 4 Solution to the Policy Problem of Poverty Reduction and Social Justice 7 Problems to Be Faced For the Proposed Solution 9 Recommendations to Deal with the Expected Problems and Conclusion 9 References 11 Introduction Socially comprehensive society is the one wherein every individual is valued, respected and the basic requirements of the people are met in order to have dignified life. The inclusive society creates opportunities for every individual to make their voice heard for the betterment of the people. However, due to the social, economic and cultura...
8 Pages(2000 words)Assignment

Comparative public sector management

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... Public Sector Management Comparative Public Sector Management Introduction In the current century and with the challenges that the world faces in the economic, social and political domains, there are issues related to public sector management and the efficiency of activities aimed at directing and implementing projects that target the public. The current approach to public sector management is underpinned by a variety of elements that are meant to enhance the effectiveness of each and every activity in the process. Public management refers to the resemblance that exist between the non-profit administration and private...
9 Pages(2250 words)Essay

Management School: Corporate Governance

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... The of the The of the School The and where it is located The Many corporate governance scandals have arisen because of a few individuals abusing their position within an organization. The falling of these firms and companies have led to intensification of the process re-evaluating and assessing of the UK Corporate Governance Code to the current 2014 version. The re-evaluation has helped stringently raising the bar of Corporate Governance in the country. It is currently nearly 20 years since the introduction of the Cadbury Code and eventual simultaneous adoption by the Listing Authority and also London Stock Exchange to aid ...
8 Pages(2000 words)Essay

Managing Change in Public Sector

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... Change in Public Sector Introduction In the 21st century the public sector is undergoing substantial changes. The terms such as privatization and “downsizing” have become a common in the public sector. While these processes continue in most parts of the world, in recent years this sector has a desire to improve its capabilities. As a result these sectors have taken up capacity building, or institutional or sectoral development. However, this has resulted in significant changes to, and within, individual public sector organizations. New sets of organizational forms have emerged. Besides, new managerial processes are linked...
11 Pages(2750 words)Coursework

Strategic Management with Corporate Governance

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... Management with Corporate Governance (Case Study: Penreath & Durgan What strategic considerations caused Penreath and Durgan to undertake changes in the scope and direction of the company over the last decade? Why have these changes been so successful? If the changes had not been undertaken, where might the company now be? (40 marks in total) The last decade has proved to be quite eventful for the company, as it was able to successfully implement new initiatives. The last decade was quite challenging because globalisation policies were in full swing during this period. P&D also experienced the challenging situation in retai...
8 Pages(2000 words)Assignment

Corporate Governance in the Financial Sector

...Corporate Governance and Change Management in Public Sector... Corporate Governance and Change Management in Public Sector... Corporate governance has became one of the widely debated topics in recent times as the large scale corporate failures as well as current financial meltdown has raised certain important questions regarding the fair practices of the businesses. The capitalism, in its essence, is a system which advocates the competition as the basis of exploiting the economic resources of a country. However, this competition faces organizations to often engage themselves into activities which may be rather illegal or detrimental to the interests of the stakeholders. Corporate governance therefore ensures that the firms and managers do not eng...
8 Pages(2000 words)Coursework
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 and Change Management in Public Sector for FREE!

Contact Us