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

Corporate Governance - Assignment Example

Comments (0) Cite this document
Summary
In the paper “Corporate Governance” the author looks at the corporate body as an entity, which is impersonal and individuals may function in different capacities within an organization with their financial activities being shielded from the public eye, by virtue of the corporate veil…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Corporate Governance
Read TextPreview

Extract of sample "Corporate Governance"

Download file to see previous pages Such a legal personality for a corporation also goes hand in hand with limited liability being placed upon the directors and shareholders of the corporation for debts that can be said to belong to the Company. The corporate body as an entity is impersonal and individuals may function in different capacities within an organization with their financial activities being shielded from the public eye, by virtue of the corporate veil. (Watson, 2002:202). They are liable to the corporation only to the extent of their ownership of shares and as a result, any extra risky financial activities they engage in are not subject to the scrutiny of the public or the law.
The net result of such a legal identity for a corporation is that it has created circumstances where personal greed may override ethical considerations. It also allows business firms to avoid liability to members of the public for financial activities that may be geared towards enhancing individual profits rather than benefiting the organization and its shareholders. The facility provided under the group mantle of limited liability of a corporation has often resulted in an abuse of this power behind the protection of the corporate veil, with the corporation evolving into a wealth sucking monster.
According to Korten, “money is its blood. It is at its core an alien entity with one goal: to reproduce money to nourish and replicate itself.”(Korten, 1995:16). Corporate self-interest has placed the generation of profits and protection of that profit from creditors on a plane far higher than the obligation to function in a moral, ethical manner, deserving of the status of personhood granted to it under the law.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Corporate Governance Assignment Example | Topics and Well Written Essays - 3000 words, n.d.)
Corporate Governance Assignment Example | Topics and Well Written Essays - 3000 words. https://studentshare.org/management/1710502-corporate-governance
(Corporate Governance Assignment Example | Topics and Well Written Essays - 3000 Words)
Corporate Governance Assignment Example | Topics and Well Written Essays - 3000 Words. https://studentshare.org/management/1710502-corporate-governance.
“Corporate Governance Assignment Example | Topics and Well Written Essays - 3000 Words”. https://studentshare.org/management/1710502-corporate-governance.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporate Governance

Corporate Governance

... at what merging is its disadvantages or problems and its benefits from a perspective of corporate governance. Definition Corporate governance is a broad term that encompasses many aspects as concerns the business. It may be said to be the way in which any business that exists is run and conducted and includes the rules and laws by which the partners of the firms must abide which are not a choice but an obligation. Any firm constitutes stakeholders who may be the management, directors and shareholders. Within them, a relationship is simply corporate governance. It also may mean the structuring of the objectives and goals of the firm and how to achieve them. All these are aimed at creating business merger or simply a takeover. A merger...
4 Pages(1000 words)Essay

Corporate governance

..., control, coordinate the business in terms of managing the assets, processes and systems within the organizational setting (Pounds, 2008, YouTube video). Corporate governance is the legal as well as organizational framework, or certain principles and processes by which corporations are governed. Corporate governance thus relates to powers, accountability and relationships of those people who are involved in the direction and controlling of the corporation (Plessis, Hargovan and Bagaric, 2010, p. 4). As Tricker (2012, p. 4) pointed out, all different types of corporate entities need governing body. For a company, the governing body is its board of directors, and for other types of business firms, it may be a council, a court, a committee...
3 Pages(750 words)Essay

Corporate governance

... Primary data sources 35 Reference 39 Chapter 2: Literature review 2.2 Theoretical review The term “Corporate Governance” has emerged as one of the pertinent debate topic for both business managers and academic scholars. It is evident from the work of various research scholars that people felt the importance of “Corporate Governance” at least 100 years ago. For example, research scholars such as Tinbergen (1962) have raised their concern over effectiveness of corporate governance. In recent times, corporate accounting scandals in companies like Cirio, Enron, Vivendi, Ansett, Parmalat, and Pan Pharmaceuticals have forced business leaders to think about the issues like corporate accountability and corporate governance. Above mentioned...
40 Pages(10000 words)Dissertation

Corporate Governance

...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...
6 Pages(1500 words)Coursework

Corporate Governance

.... What is Corporate Governance? Broadly speaking, Corporate Governance may be defined as a set of laws, rules and principles by which a business is operated and controlled. Some of these rules are set down by law and common business practices and the culture of the land, while others are defined by the owners and those in the higher echelons of management of the enterprise. The rules of corporate governance are based on morality and integrity and fair play. There is an attempt to make all actions bonafide and above suspicion, so that the stakeholders as well as the general public are satisfied as to their genuineness. Corporate Governance has been defined by the OECD1 as ‘a set of relationships between a company’s board, its shareholders...
6 Pages(1500 words)Coursework

Corporate Governance

Translating theory into practice takes diverse and dynamic approaches. This is because organizational operations, strategies, goals, and objectives differ from one organization to another. For this reason, the operationalization of Kohlberg’s model within an organization requires a strategic approach. On the same note, the taken approach must be aligned and consistent with organizational short term and long term prospects. The practice of Kohlberg’s model would, therefore, require managers to be sensitive to the organizational culture and operations in play.
To start with, managers do not necessarily have to implement every aspect of Kohlberg’s model. This is because some of the aspects of Kohlberg’s mo...
8 Pages(2000 words)Literature review

CORPORATE GOVERNANCE

... and the US’ in order to cover the topic exhaustively. The conclusion section summarizes the main issues discussed in the paper and makes inferences where appropriate. Introduction Corporate governance refers to a set of laws, policies, institutions and customs that affect the manner in which a corporation is controlled, administered, or directed1. Corporate governance also incorporates the corporation’s goals of governance and the relationships among its numerous stakeholders2. The major stakeholders in any corporation include the board of directors, management, and shareholders or members. Others include regulators, suppliers, creditors who include bond holders and banks, customers and employees or labour. For non-profit organizations...
10 Pages(2500 words)Essay

Corporate governance

...(2003) asserts that it is the responsibility of auditors and other gatekeepers that disclosure of pertinent information is made to boost the confidence of various stakeholders. Indeed, effective corporate governance is mandated under the guidelines of Sarbanes-Oxley Act of 2002 that promotes accountability of action and safeguards the interests of the various stakeholders. Reference Felin, T., and Hesterly W. S. The knowledge-based view, heterogeneity, and new value creation: Philosophical considerations on the locus of knowledge. Academy of Management Review, 32: 195–218, 2007. Parker, Christine. The Open Corporation: Effective Self-regulation and Democracy. NY: Cambridge University...
2 Pages(500 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 interests among managers and the controlling shareholders. It also ensures that the other interest groups including minority shareholders, financial markets...
12 Pages(3000 words)Essay

Corporate Governance

... 1.8 Thesis Structure 19 1.9 Chapter Summary 21 The chapter provides an ample prelude to what will take places in the chapters that will ensue later, from the second to the last. The chapter traces the development of corporate governance through the years and the six chapters, and in tandem with the growth of the legal structure in Saudi Arabia. More importantly, the chapter dwells on the procedures and methodologies that will be involved in working on the paper. 21 Chapter Two Corporate Governance: Definition, International Standards, Models and Theories 22 2.1 Chapter Overview 22 2.2 Fundamentals of Corporate Governance 22 2.2.1 Definition and Fundamental Concepts of Corporate Governance 22 2.2.2 Concept of Corporate Governance 24 2.2.3...
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 Assignment on topic Corporate Governance for FREE!

Contact Us