Nobody downloaded yet

Does Corporate Governance Work - Essay Example

Comments (0) Cite this document
Summary
Corporate governance is authority exercised with outmost honesty and integrity to manage the affairs of company through a set of processes and rules (Clarke and Dean, 2005). It is a set of techniques that evolved over time and are put in place to control the conduct of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95% of users find it useful
Does Corporate Governance Work
Read TextPreview

Extract of sample "Does Corporate Governance Work"

Download file to see previous pages Karamanou and Vafeas (2005) narrow the definition of corporate governance to the task of monitoring the performance of an employee. On the other hand, increasing its extent and scope, corporate governance is described a broad based set of principles and practices through which shareholders control the directors of the company. Moreover, the “Combined Code of Corporate Governance” introduced by the London Stock Exchanges defines the purpose of corporate governance as to “facilitate efficient, effective, and entrepreneurial management that can deliver shareholder value over long term” (Boyle, p.3, 2009). Broadly corporate governance establishes rights and responsibilities of stakeholders specifying rules for decision making. It also a set of techniques that evolved over time and are put in place to control the conduct of executives both within the organization and externally (Walsh & Seward, 1990). In the traditional finance paradigm, corporate governance is restricted to the relationship between a company and its shareholders. According to the managerial discourse, corporate governance is a codified set of normative principles that are at times immutable (Cobbaut, 2003). On the other hand, Cadbury (1997) defines strong governance as an optimisation between monitoring and performance.
Corporate governance, thus, is an intangible whose effects can be perceived through its working. Corporate governance like other intangibles, for example, loves and hatred doesn’t have a concrete shape and form, but its effects are realised by the nature of its working (Plessis et al., 2005). The varied nature of working of corporate governance, and its broad scope, doesn’t allow for development of a single and comprehensive notion. The definitions of corporate governance, with their differences apart, have quite a few commonalities but none has achieved definitive status (Boyle, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Does Corporate Governance Work Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1551929-does-corporate-governance-work
(Does Corporate Governance Work Essay Example | Topics and Well Written Essays - 4000 Words)
https://studentshare.org/miscellaneous/1551929-does-corporate-governance-work.
“Does Corporate Governance Work Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/miscellaneous/1551929-does-corporate-governance-work.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Does Corporate Governance Work

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

...responsibilities; protecting stakeholder rights and interests, managing the risks and creating business values. These functions are closely related to eliminating unethical and unscrupulous practices that the board or agencies may practice. For instance, creating business value relates to ensuring improved labor practices and better working conditions for employees. Similarly, preventing discrimination in the workplace and promoting gender as well as ethnic equalities in the workplace are also ethical practices. Good practices of corporate governance bring anti-corruption initiatives, fair-trade and moral concerns in designing, developing and marketing the products and...
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...
40 Pages(10000 words)Dissertation

Corporate Governance

...?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). An attractive theme of corporate governance is its mechanisms that try to avoid the principal-agent problem. In recent years, especially after the collapse of American corporate giants...
6 Pages(1500 words)Coursework

Corporate Governance

...and other stakeholders. It provides the structure through which the objectives of the company are set, the means of attaining these and monitoring performance are determined’ (OECD, 1999, 1). This definition captures the entities of all who are involved as well as the working relationships among them with respect to the functions and responsibilities of corporate governance. The Need and Importance of Corporate Governance Quite simply, the stakeholders of a corporation-whether they be debtors, creditors, suppliers or distributors- as well as the general public would love to do business with a corporate entity or buy its...
6 Pages(1500 words)Coursework

Does the corporate governance maximize shareholders wealth

...in achieving organisational effectiveness. Thus, Bancroft-Whitney, now a part of Thomson Publishing undertook a strategic change effort to address mediocre performance. The firm was found to have multiple personalities including production orientation, results-driven, market and customer driven, as well as sales and marketing driven. They worked on a clear, core identity for the company, by improving the clarity of internal communications, decision making in responding to a strong competitor, and prioritisation of resources to fulfill various functional demands (Lawler and Riley, 2011). Organisational Development and Change Management Theory In analysing the context and influences driving the development of organisation...
8 Pages(2000 words)Essay

CORPORATE GOVERNANCE

...the rules and regulations required to be followed by companies in order to perform well and to work under the defined jurisdictions by the government of UK. The key principles of good governance include commitment to the corporation, mutual respect, accountability and responsibility, performance orientation, openness, integrity and trust and honesty. Of utmost importance is how the management and the board of directors create a governance model aligning the corporate participants’ values and then evaluating the model periodically for high effectiveness. Senior executives should particularly conduct themselves ethically and honestly. They...
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

...with the head office. Some of these channels include direct telephone lines, emails with specific subject-lines, intranet and AdviceLine for emergency and immediate issues (Merck, 2014b). The corporate governance department also monitors and controls the relationship and behaviour between employees and managers. Establishing and maintenance of an ethical and flexible work environment as well as effective corporate responsibility are two critical tasks of the governance models and regulatory frameworks as laid down by Merck. Apart from the above, the governance models and frameworks also monitor any deviation or violations in the...
12 Pages(3250 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...
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 Essay on topic Does Corporate Governance Work for FREE!

Contact Us