Corporate Governance: The OECD Principles of 1999 - Term Paper Example

Running Head: Financial regulation in the UK Financial regulation in the UK [Name of the student] [Name of the institute] Financial regulation in the UK Introduction Structure is as follows.... Section 1 sets out some general Perspectives on the institutional structure, after that it defines The Integrated Approach, The Twin Peaks Model, the Institutional Approach and the Functional Approach; Section 2 discusses the origins of the current debate about the institutional structure, Advantages and Institutional structure   As Masciandaro, D (2002) states throughout the item, "organizational structure" mentions to matters associated to the number of and the structure of bureaus to blame for regulat… ing and overseeing economic organisations and markets, which encompasses the central bank's function in this area....

Part I of the paper will critically assess whether or not this crisis has fundamentally undermined the corporate governance frameworks in both the UK and USA.... Introduction Every once in a while comes an economic or financial event that stops us in our tracks, puts a brake on the system and challenges present wisdom....

Universalisation of the principles of CSR and corporate governance crystallized during the World Economic Forum on 31 January 1999, when the United Nation's Secretary-General Kofi Annan asked business leaders to join the international initiative led by the UN known as the Global Compact.... (Unglobal : 2006)The underlying principle of corporate governance related CSR is that the companies should undertake additional social responsibilities voluntarily which go beyond the regulatory frame work for good conduct of business and relate to the issues of social development, environmental protection, respect for fundamental rights of employees as well as the local population and adopt a policy of open governance....

nbsp; The PD Ports Company located in Hartlepool (UK) is the company which can be seen as the bright example of the organization having actively applied the principles of the CSR through changing legislation and environments.... Government works for them for making the companies aware of the available CSR practices and encourages businesses to improve their performance; this may be considered to be one of the essential changes in the general implementation of the CSR principles through the shipping companies....

corporate governance can be describe as the "the process and structure used to direct and manage the business and affairs of the business enterprise with the objective of enhancing long-term value for the shareholders and the financial viability of the business" (p 44).... (OECD Principle of corporate governance, 2004, p 13).... corporate governance consists of many focus areas as the participants in corporate governance are many such as board, management, stakeholders, creditors and shareholders....

  …  'Over the past two years, many oecd countries have greatly improved their regulatory burdens with regards to business incorporation.... hellip; Therefore, it goes without saying that at the minimum level, the corporate companies meet their responsibilities as per law which provides for safety, security, fairness, and honesty towards the stakeholders through so many laws in relation to employment, business, etc....

The term ‘financial regulators' is used in order to indicate those organizations that supervise the financial services industry in the context of a country or within a greater area, for instance the European Union.... One of the most known financial regulators is the Financial… Other organizations of such type are the following ones: a) the Financial Services Agency – in Japan, b) the ‘Autorité des marchés financiers' – in France, c) the China Securities Regulatory In the context of the International Community the most known financial regulators are the following ones: a) the International Organization of Securities Commissions – also known as IOSCO, b) the Basel Committee on Banking Supervision and c) the Committee of European Securities Regulators – for the supervision of Financial Services across Europe....

In the United Kingdom region, the Labour ty has been demanding for institutional investors to support an autonomous call for companies to either reconsider the payment of top level management or face harsh actions on the corporate governance policy by the government.... Director's remuneration issues often arise due to the market failure that occurs in the heart of corporate governance system....