Nobody downloaded yet

Investigation of corporate governance characteristics - Essay Example

Comments (0) Cite this document
Summary
Efforts in both public and private sectors have been taken to investigate the important features of corporate governance. Scandals the like of Satyam in India and Enron in America…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
Investigation of corporate governance characteristics
Read TextPreview

Extract of sample
"Investigation of corporate governance characteristics"

Download file to see previous pages It is significant to find out whether companies are adhering to or not to such formulated rules and practices in their day-to-day corporate governance practices. There has been a tendency not to follow the stipulated guidelines (Berglöf & Claessens 2004).
The two Australian companies listed on the Australian Security Exchange (ASX), namely Aditya Birla Minerals and Adelaide Resources can be a good example to check their corporate governance characteristics, their strategies, policies, and practices. Both the companies are into mining and exploration activities. Aditya Birla Minerals (ABM) is running its operations at the Nifty copper operation in the Pilbara region, northern Western Australia, and the Mt Gordon copper operation in northwest Queensland, Australia. Adelaide Resources is into mineral exploration for Gold, Copper, and Uranium deposits. Both the companies have disclosed their governance strategies, policies, and practices in their annual financial reports available on their company websites.
As per the Aditya Birla Minerals’ corporate governance statement given in the final annual report 2007-08, the company board has developed policies and practices relevant with the ASX recommendations as well as changes incorporated according to specific conditions. The board of directors of ABM provides strategic direction and effective governance over the company’s affairs. The board also monitors the implementation of its policies, practices, and strategies. It checks compliance with regulations. Hindalco being its block shareholder, the appointment, evaluation, remuneration, succession, and removal of the chief executive officer is decided on the nomination of Hindalco. Selection and appointment of directors is made by the board in the best interests of the company stakeholders. There are six members in the board, out of which three have to be independent non-executive directors, as per the charter of the board. A director can hold either of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Investigation of corporate governance characteristics Essay”, n.d.)
Investigation of corporate governance characteristics Essay. Retrieved from https://studentshare.org/miscellaneous/1557710-investigation-of-corporate-governance-characteristics
(Investigation of Corporate Governance Characteristics Essay)
Investigation of Corporate Governance Characteristics Essay. https://studentshare.org/miscellaneous/1557710-investigation-of-corporate-governance-characteristics.
“Investigation of Corporate Governance Characteristics Essay”, n.d. https://studentshare.org/miscellaneous/1557710-investigation-of-corporate-governance-characteristics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
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
...? CORPORATE GOVERNANCE …………………. and Number …………….. …………. Words- 759 Corporate Governance The way companies are governed determines their success and the role they may play in the economy as well. Companies in recent years started giving greater emphasis on effective governance with a view to ensure competitive position, attract sufficient capital, guarantee sustainability, and combat corruptions. Corporate governance practices are associated with the development of financial markets, because higher level of governance in most countries are related to larger securities markets and lower...
3 Pages(750 words)Essay
Corporate governance
...that corporate governance policy in THE GCC countries are guided by the Islamic principle of indifference between religious and secular affairs. These research scholars have also pointed out that, it is thus reasonable to assume that voluntary ethical restraints, supported by community social pressure and the fear of retribution would act to encourage ethical behaviour. Research scholars have pointed out that ownership structure of oil and gas companies in Gulf Countries play a vital role in deciding the characteristics of corporate governance. Research scholars such as Denis and McConnell (2003), La Porta et al. (1999), John and Kedia (2003) have...
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
...brought the bank down in the 1990s by overexposure and huge losses in derivative trading. The company was eventually bought by German firm ING and survives under the name of ING Barings today. Not so lucky was the House of Maxwell, where its founder Robert Maxwell apparently committed suicide in the UK- subsequent investigations uncovered that he had misused employee pension funds and the company which was financially weak had to close down. So in developed nations, any kind of business enterprise is expected to operate under the rules of Law of the land and it cannot escape punishment if it is found violating these rules and indulging in dubious business practices. Corporate Governance...
6 Pages(1500 words)Coursework
CORPORATE GOVERNANCE
.... The US heavily borrowed from the UK corporate governance model in enacting the Sarbanes-Oaxley Act of 2002, which is a corporate governance regulation guideline. In turn the SOA is playing a big role in the acceleration of the development governance regulations to be used across the EU. Conclusion The paper has investigated corporate governance in the United Kingdom and in the United States. A number of similarities have been identified in the implementation of corporate governance principles and recommendations. On the other hand, this implementation seems to have...
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
PetroChina: International Corporate Governance with Chinese Characteristics
...PetroChina is an incredibly interesting case. It is one of the largest privatizations to occur in the history of the Chinese government, and has occurred relatively recently, only achieving full privatization in the last decade. Furthermore, PetroChina retains a significant relationship to its parent firm, who still operates the international wing of China’s oil production. As a future business professional, the case study of PetroChina is interesting for several reasons. The first is simply the process of privatization – though large scale privatization efforts are probably largely a thing of the past, having occurred as the large communist governments of the Soviet Union fell and communist nations...
2 Pages(500 words)Case Study
Corporate Governance
..., debt holders, employees, suppliers, customers as well as societies are not harmed in any form. Some of the fundamental characteristics that define good governance are consensus oriented, accountable, transparent, responsive, participatory, following the rules of law, efficient and effective, inclusive and equitable (Foster and Jonker, 2005). While governance is an old concept, its usage, application and underlying meaning have seen dramatic transformation over the years. Present governance system of corporations is highly complex and consists of various levels of audits, monitoring and scrutiny (Mwenja and Lewis, 2009). Although organizations have...
12 Pages(3250 words)Essay
Corporate Governance
...and increasing the resiliency of the resulting legal model.5 1.6 Research Aims The general aims and objectives of this thesis are to: (1) Examine the concept and rationale of corporate governance (2) Conduct a comprehensive assessment of corporate governance in Saudi Arabia (3) Describe in-depth the status of disclosure and transparency in Saudi Arabia and the degree to which it complies with international standards (4) Compare the corporate governance mechanisms and practices in the UK and Saudi Arabia (5) Describe the role of Sharia in Saudi corporate governance 1.7 Research Scope and Limitations This...
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 Investigation of corporate governance characteristics for FREE!
Contact Us