Essays on Corporate Governance

Introduction

Under Armour is the brainchild of Kevin Plank who initiated the company in 1996, which has grown to a multi-billion business venture operating in the American market and producing accessories and sports clothing. It is among the largest suppliers of casual and sportswear apparel in the Americas. The company is headquartered in Baltimore, Maryland with franchises across Houston, Austin, Denver, Texas, New York and other major states in North and South America. Further, Forbes notes that Under Armour’s core business is the manufacture, marketing, and distribution of branded sports apparel including footwear, accessories for men and women and ...

Introduction

This report is a critical analysis of an ethical dilemma in the workplace. It will include the evaluation of the facts of the case in order to establish the fundamental issues and matters at stake. From there, a review of the fundamental theories of the situation will be conducted. This will culminate in the identification of the different approaches and views. Afterward, there will be the application of the theories to the facts of the case in order to conclude with recommendations on how to deal with the issues at hand. This will include the review of important theories ...

The President,

United States of America. Introduction The concept of corporate ethics is widely accepted today. In order to stabilize the growth and development of the overall U.S economy, industries regardless of their nature or size must be instructed to follow certain ethical guidelines. In the current corporate environment, it is advisable for the U.S government to introduce three key changes to its corporate governance framework. First, there should be a single body or statutory regime to deal with corporate governance affairs in the country. Second, corporate ethics is essential to distinguish the roles of chairman and chief executive officer in ...

Abstract

One cannot underestimate the importance of business ethics today, which is a set of regulations, policies, and practices that determine company's behavior regarding such controversial issues as bribery, insider trading, discrimination, corporate governance, corporate social responsibility and fiduciary responsibilities (Business ethics, 2009). This essay illustrates the correlation of business ethics and shaping of the public image of the company, attracting new investors and establishing long-term and reliable partnerships. Thus, ethical behavior is evident in the proper treatment of all stakeholders, including employees and customers, respect to the environment and fair market policies (Horton, 2015). The examples reflect the idea ...

The advancement into globalization raises a controversial discussion about political and economic systems. By its nature, globalization implies setting a singular standard in various aspects of society, like politics, economics, technology, regulations, employment, etc. (Tregakis and Brewster, 2006). While convergence towards a common political and economic system is encouraged by structures such as European Union, which weakens trade barriers, the cultural patterns, the timing of industrialization, the nature of the dominant industries, the density of population or the disparity between rich and poor count as factors of divergence (Ashraf and Galor, 2007). As a result, two most common economic ...

Background

Being a small sized nation and also one lacking too much of natural resources, it was mandatory for Singapore to adopt a policy of open trade. The overall trade in Singapore currently amounts to thrice its GDP. Moreover, Singapore possesses absolutely no exchange controls either on the inflows or the outflows of foreign currency funds through its residents and non-residents. Despite the presence of stricter controls over the flows of domestic currency, there is no control that the nation has on its inflow and outflow. The country is known to be following an extremely liberal foreign direct investment (FDI) ...

IPOs

Abstract Large and small business move to expand their business by increasing funds through issuing shares. The reason to go public is that it opens up many financial doors as it raises cash. Therefore, companies trade in an open market to attract maximum investors.It can be explained in a way that if a company issued its stocks to the general public for the first time, the capital structure of the company changes that is it mainly begin to rely on debt for finance. TESCO Plc is one of those companies which in the list of world’s largest retailers. ...

Assignment 5: Capstone

Abstract Dell Inc. deals with manufacturing and selling of personal computers and other computer accessories. Turbo PC was the first product produced by Dell Company, which has experienced gradual growth since its foundation. Various strategies and policies have led to the success of the multinational company over the years. Therefore, the paper covers the effect that the mission, vision, and primary stakeholders of Dell has on its success. It highlights the effect of the six segments of the environment on both the firm and the industry. It also focuses on the SWOT analysis and five (5) forces of competition ...

Question 1

In designing a new system for corporate governance, one must consider the principles of integrity, fairness and equity that business advances an ethical business practice towards shareholders and stakeholders (GC-11, 2008). In this sense, the shareholder-centric system, with the unitary board and non-executive directors that oversight the control answers the criteria of fairness towards shareholder, as it is comprised of both members of the companies and of unaffiliated corporations, which met separately to assure righteous oversight (CG-11, 2008). The stakeholder centric system with non-shareholder controlling owners assured a separated oversight from management through its two-tier board, which raises criticism ...

Validity is related to the manner in which one treats the data that one has collected. This usually implies analyzing, making inferences and drawing conclusions from it. It is an important aspect to consider in one’s research, as it determines its quality. In terms of internal validity, this usually refers to whether one is actually investigation what one claims to be researching. This is usually related to the research design, and especially with regards to the dependent and independent variables. One of the ways to do this is to control as many variables as possible, in order to ...

Analysis of Tesla Motors

Analysis of Tesla Motors

Introduction

Organizations must use any strategy that will enable the organization to stay competitive and to also learn about any processes within the organization that could be changed in order to increase proficiency and efficiency. One such process is a critical analysis of the microeconomic and macroeconomic environment as well as any challenges that the organization may be encountering. This essay will perform an analysis of Tesla Motors to include the history of the organization, organizational regulations, factor markets, global pressures and foreign competition, cost structure, economies of scales; a critical analysis, practices of economic theory ...

Alpha Group

Consolidated financial statement of financial position for the year ended 31st December, 2015. Items £ (000) £ (000) Long-assets 2014 2015 Investment property, fair value 2500 2500 Property, plant, $ equipment 4324 4818 Total long-term assets 6824 7318 Current assets Cash 200 140 Cash equivalent 30 20 Trade receivables 1900 1200 Inventory 1000 1950 Dividends 100 190 Non-controlling interest share 120 150 Inventory, fair value cost to complete and sell 180 150 Total current assets 3530 3800 Total assets 10354 11118 Equity and liabilities Share capital 1500 1250 Retained earnings 1910 1000 Profits for the year 1000 1250 Dividends payables 100 190 ...

Abstract

This essay examines the role of ethics in organizations or companies and how ethics can be taught and instituted in such entities. The research identifies that most organizations are set up to attain specific goals. In the case of companies, the main motive for creation is to attain the highest level of profits for shareholders. Ethics seem to reduce the economic returns of a company in the short run. This is in the form of direct costs for monitoring compliance and indirect costs in the form of lost opportunities. However, in the long-run, ethics seem to be beneficial rather ...

International Olympic Committee Ethical Issues

Background One of the most recent scandals occupying the headlines of the international print and social media is the doping scandal, surrounding the Russian Olympic and Paralympic Team and the participation of the athletes in the Olympic Games in Rio this August. The Games have started and it is evident that the International Olympic Committee (IOC) along with Independent Committee and Brazilian Authorities took the decision not to ban the team from participation, causing dual and controversial response from the international community. The organization in a focus of the scandal is the IOC, heavily criticized for the way it ...

VOLKSWAGEN CASE STUDY

Executive summary: Volkswagen is the leading manufacturer of car products. This company holds Volkswagen group and produced a variety of models. Recently, Volkswagen has been involved in the emission scandals of their equipped vehicles. The company vehicles are equipped with software that was cheating on emission tests. Hence, Volkswagen is the top selling brand of Volkswagen group. Since 1975 the company has been treated as world largest automaker in the world. Volkswagen has the most cars of the automobile manufacturer which has multiple revisions of model names. In this, the crisis management of the Volkswagen emission scandal has been ...

Introduction

According to Trevino & Nelson (2011, p. 35), fraud does not happen as a coincidence. To be specific, fraud in organizations is usually premeditated and has to happen in the right conditions and members of the organization in authority often set these conditions. As such, identifying the root causes of fraud, which is called fraud deterrence, should be one of the priorities of corporate governance. Since fraud has been a common menace in the history of organizational management, various strategies, government regulations, and acts have been developed to prevent the occurrence of fraud (Giroux, 2013, p. 32). These procedures cover ...

KPMG was investigated from 2001 onwards by the IRS because the company failed to properly regulate and monitor the use of tax havens. Complex accounting and auditing schemes challenged the company’s corporate governance and ethics. The professional code of conduct of all the staff and partners were often overlooked for business that was capitalist and maximised profit at the expense of the reputation and integrity of KPMG. The new chairman of the company faced a difficult ethical dilemma and created alternatives that would result in the best action to save the company and to minimise the consequences for ...

Management: Managing Diversity and Equal Opportunities

Part 1 There has been the rise in the number of the financial crisis as well as poor corporate governance problems that have prompted the question as to whether having a corporate world run by women would yield fruitful results. Amid the multiple opinions on the topic of the glass ceiling, some people still contest the advantages of workplace diversity and equality. There has been the long pressing issue of the equality of the treatment of women in a similar manner/ equal to men, in the labor market (Gregory‐Smith, Ian, Main, & O'Reilly 109). According to Adams and Funk ( ...

Background

Enron case study dwells upon one of the most known scandals in business ethics and financial world. Founded in 1985 as a result of the merger between Houston Natural Gas and Internorth, Enron Corporation starts trading natural gas commodities in 1989. Throughout the 90s,the company was considered one of the most innovative and attractive for investment companies in the country. Renown for its unique business model and trading businesses, the company benefitted from a positive image, shareholder trust and external financing (Li, 2010). With a number of changes in leadership from Jeffrey Skilling to Kenneth Lay, who occupied ...

Question 1:

Wendy Borg and Jason Kushdog were two entrepreneurs who came together to form Trendsetters Inc. trendsetter Inc. was a startup aimed at providing new warehousing and distribution solutions to clothing retailers. They however had a major challenge of capital as they only had six weeks of operations before they could run out of the initial seed capital they had invested. This prompted them to seek for alternative sources of capital, venture capital being one of the most lucrative one. Neither of them had knowledge in how venture capitals work since Wendy had her background in supply chain management and ...

1. Corporate Governance refers to the mechanism or system in which enterprises are directed and controlled, especially in which the interests of stakeholders are balanced. It is also known as the relationship between various stakeholders of business such as shareholders, management, the board of directors, etc. (Tricker & Tricker, 2012). Corporate governance system varies from country to country due to the differences in the economic and political system. It can be observed in a way that American corporate governance is entirely different from that is followed in Japan and Germany. In America, corporate governance system is controlled and directed by ...

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Introduction

The failure of Enron due to unethical practices had served as a lesson for the entire world. Firstly, it was first of its kind and secondly, there was a chain reaction of wrong actions to cover up smaller misdoings. Every field of study tried to find out the real reasons of failure of Enron as a corporate. Some claimed it to be financial failure, some as leadership failure, some as cultural failure and some as corporate governance failure. This case is one of the basics to understand corporate social responsibility and implications of failure to ...

Executive summary

The National Bank of Canada has its headquarters in Montreal, and it is Canada’s sixth largest bank. It was started on 4th May 1859 by the francophone business people in Banque and Ontario. The bank has 2.4 million personal clients and most of its branches in the Canadian provinces. It has many representative offices partnerships and subsidiaries in other countries where it serves both non-Canadian and Canadian customers. The bank’s management structure consists of the board of directors and the office of the president. The bank is upholding a proper governance system and appropriate ethical strategies to ...

Introduction

This report takes into consideration the application and the strategies that Petsmart Company has in line with their ethical structure, the governance structure and the corporate social responsibility for the present and the future. Additionally, the business report highlights the present position of the Petsmart Company in these three categories. The company is described as one of the largest pet and veterinary product retailer services provider and the solution for pet and the owners (Petsmart, 2016). The information provided by the company’s profile is that the company has more than 50,000 associates and another 1,466 pet ...

Abstract

Undeniably, the major objective of most organizations is to achieve business growth. Since the business environment has increasingly become competitive, the need to set strategic growth objectives has become essential. Thus, strategic management is needed in all business organizations to facilitate the setting and realization of their goals. The profitability of most companies coupled with the ease of market entry is one of the main causes of increased competition in the market for various products and services. Entrepreneurs identify the weaknesses of an organization in terms of production, delivery, and provision of essential services and improve on these areas ...

Literature review of Global Employee Benefit

Employee’s benefit is an indirect reimbursement, which “include various types of non-wage compensation provided to employees in addition to their normal wages or salaries” (BLS Information, 2008). Examples of the benefits are following: disability income protection, employer-paid housing, health, dental and life insurance, disability income protection, retirement payments, daycare, sick leave, paid vacation, funding of education, any flexible work arrangements, and other social benefits. Nowadays Global companies are a complex mixture of native divisions with their own exclusive and sole benefits needs. Multinational company are to provide their employees benefits that promotes economy, development, technology, efficiency, and at ...

Management And Leadership Issues at Woody’s Veneer

The investment in any business is intended to increase the income of the investors. Individuals and groups invest their capital because they have an urge to add something to their earnings. Investment has numerous advantages, both to investors and other members of the public. It creates employment and promotes the economic power of individuals and the country (Gomez, Luis, David, and Robert, 2008). However, investments must be safeguarded and well managed to yield the expected benefits. Lack of effective management as well as leadership leads to business failure and financial loss to investors. The investors at Woody’s veneer ...

The corporate governance principles particularly focus on board independence and responsibility. The board has the duty of monitoring the management at Xerox to ensure that the outcomes will favor the interests of employees, customers, and other essential parties that depend on the firm. Responsibility allows the committee to acknowledge their personal accountability and accept it for the moral quality of their omissions and choices in the firm. The board should also consist of members who are independent directors from within and outside the company. The independence enables the committee to make honest, fair, and objective decisions. This essay explores ...

Corporate governance as a system of processes, practices, mechanisms and rules through which companies are controlled, directed and managed is mainly aimed at enhancing the accountability of managers and directors to the shareholders (Bruno & Ruggiero, 2011). In this sense, shareholders participation and active engagement in the affairs of companies has become an important aspect of corporate management. In Hong Kong, the legal framework for corporate governance is the Companies Ordinance Cap 622 Laws of Hong Kong. This new law contains provisions that are intended to improve transparency in internal controls of companies, strengthening oversight over company management and enhancing ...

MGMT 581

Corporate Social Responsibility & Sustainability Executive summary: This paper is a descriptive analysis of Corporate social responsibility which has long been a significant part of organizational activities at Oracle. Over a span of time, company has achieved great heights owing to its internal ethical standards such as compliance, teamwork, integrity and corporate governance that have contributed greatly towards establishing a good relationship with primary stakeholders and third party clients. The paper also represents a comprehensive report on how the management at Oracle has taken every step towards maintaining quality by regular training and education. Apart from this, the paper also ...

QI: Difference Between Distributive and Integrative Bargaining

Purchasing and supply chain management in organizations is a complex set of relationships. Based on the size, scale and business strategy companies can choose to develop local, national, international and even global supply chain. This choice outlines the complexity of the purchasing operations along with the product and downstream operations of the companies. The role of purchasing department to adds value and optimizes the costs of the organization, but ensuring most effective and productive negotiation and purchasing process with the upstream and middle stream suppliers. There are two major approaches to the negotiation in any type of situations. These ...

(Comparative Analysis on Canadian Market and US Market)

Introduction 2

Analysis 2 Communism and Capitalism Approaches 2 Corporate Governance 3 The Trade Union and Political Alignment 4 Collective Bargaining Approach 5 The Gini Coefficient Impact 5 Job Exportation Effect 6 Union Contribution Effect 6 Transparency in Union Operations 8 Conclusion 8 Recommendation 9

References 10

Introduction Are unions still relevant today in Canadian labor market? This is one of the fundamental questions at the heart of the Canadian workforce. Apparently, it has been highly speculated that the Canadian workforce, especially among the young workers, does not see the need for strong trade unions. ...

Global Systems Approach to Corporate Social Responsibility

Background Introduction The paper is an exploration of ten sources, which are to be used in a discussion of Global Systems Approach to Corporate Social Responsibility. From different publications, perspectives and interpretations, the sources are discussed and reviewed in brief on the content’s relevance and validity to the topic. Matten, D., & Moon, J. (2008). “Implicit” and “Explicit” CSR: a conceptual framework for a comparative understanding of corporate social responsibility. Academy of Management Review, 33(2), 404-424. In this journal review, the general and specific aspects of CSR in entrepreneurship are discussed extensively by Matten and Moon. Both writers ...

The Vision, Mission, and Value Proposition of Coca-Cola’s Naturally Sweet Division

1.0 Naturally Sweet Division: A new vision, mission, and value proposition Innovation drives market-relevant and consumer-need-fulfilling product development (cf. Kanagal, 2015). The primary purpose of the Naturally Sweet Division is to develop naturally sweetened products using proven innovative technologies that brings the traditional culture of the Coca-Cola brand in products that perfectly satisfies the growing health-conscious, sugar-free product preferences of the post-modern consumers. This innovation factor will drive and guide the Naturally Sweet Division’s vision, mission, and value proposition to its health-conscious target consumers of all ages, guiding its product research and development endeavors.

Our new mission: To keep the world healthy, trim, and slim

Our new vision: Consumers: ...

Review of ISG Assessment Tool:

The information assessment, governance-tool is a framework designed to help companies measure the extent of how they have implemented their information security governance framework at the strategic level within the organization (Corporate Governance Task Force Report, 2004). Many available tools to address issues to do with informational securities, both the operational and tactical levels, but the ISG addresses the corporate governance issue. Issues to do with information security have often been considered technical issues, but over the last few years, it has been established that there is more to be done to ensure that effective information security programs are ...

The Name of Professor:

Introduction The main idea behind the mind of every investor is to achieve long- term growth of his or her business by serving a wider market to increase profitability. However, the existence of various factors such as competition and government regulations tends to impede the successful accomplishment of most investors’ goal. Besides, the efficiency of the strategies implemented by different investors constitutes fundamental hindrances to the realization of their long-term objectives. Therefore, efficient management is crucial to realize business expansion. Additionally, the consideration of other factors with a significant influence on the business environment is essential when formulating the ...

Management Control

1. What is the CSS mission and Vision ? How can we transform the vision to outcome ? The CSS mission involves being in a position to apply both scientific alongside technological advancements with a role to create a healthy, safe and a future that is environmentally sustainable. Its vision lies in the fundamentals of the continually in fostering development, both of an innovative, economically healthy alongside a company driven by quality. Such that it is in a position to offer a rather comprehensive environmental and safety, health alongside support scientifically in its services. To achieve this vision to ...

Abstract

The paper will explore the business environment and the fraud scandals that prompted the need for more comprehensive and stringent regulations on financial disclosure by all public business entities operating on U.S. soil. The primary financial issues that the Sarbanes-Oxley Act was meant to address will be addressed, with a specific focus on how to restore investor confidence by imposing more strict rules on companies in terms of recording investments, cash flows and periodic profit/loss statements . Through an analysis of the basic provisions of the Act with regards to assigning personal responsibilities on officers of the company, as well ...

Executive Summary . 3-4

History .. 4-5

Strategic Elements 5-6

Critical Events .. 6-7

Leadership 7-8

Mission and Vision Statement . 8-9 External Assessment 9-13 Analysis of Competitive Position 13 Internal Assessment . 13-17 Current Strategy 18 SWOT Analysis 18-21 BCG Matrix . 21-23 IE Matrix .. 24-25

Possible Strategic Alternatives 25-26

Evaluation of Current Organizational Structure .. 25 Recommendation Changes .. 25-26

Situational Analysis . 26-29

New Turnaround Objective .. 29

Proposed Measures . 29-31

Funding this Turnaround Effort 32-33 Financial Projections 33-34 Conclusion 34

References 35-36

Sears Holdings Corporation Executive Summary Sears Holdings is a major brick-and-mortar retailer in both the United States and Canada. As such, it sells a wide variety of products, including appliances, consumer electronics, apparel, tools, sporting equipment and ...

Introduction

Founded in 1894, the Hershey Company had grown to become one of the biggest retailers in the chocolate industry. The company is strongly committed to its vision statement, which revolves around spreading goodness in every direction. The company is also greatly committed towards its mission, which is to happiness though sweet moments to their target audience, worldwide. (What We Are Made of, 2016) The company has divided its stakeholders into seven different categories, which are: investors, business partners, consumers, employees, interest groups, regulators, and communities and local government. Out of these seven, the company holds the following to be ...

Introduction

The world of trade and commerce has changed a lot in relation to labour and employee interaction with firms since the 1700s when the concept of work became more advanced. The purpose of this essay is to analyse the concept of employee relations and how it has evolved over the years. In order to attain this end, the following objectives will be explored: A critical evaluation of the concept and theory of employee relations in various forms of organisations – large, indigenous, multinational, private and public entities; An assessment of the concept of employee relations as it evolved in the ...

1.0 Abstract Stakeholders are of central importance to every business organization. The success of any business hinges on the relationship that it has with its stakeholders. Disclosure of quality financial reports is significant for the capacity of business organizations to build confidence with their key stakeholders. Corporate governance and the audit quality have attracted the interest of researchers to determine how they impact stakeholders. Additionally, the implementation of IFRS (International Financial Reporting Standards) has impacted the direction of business organizations especially with regards to corporate governance. The question of whether the quality and extent of disclosure of financial information ...

This case study is meant to look into the importance of incorporating security when it comes to the issue of the governance of their enterprises. Corporate governance is defined as the set of policies and abilities to control and manage their organizations.Security is vital for enterprise on matters pertaining to risk management, for defensible management actions and to establish a control position in a manner that will show that their actions will be as per the desire of the stakeholders and the various shareholder as they act in accordance with the requirements as stipulated by the regulators. The Scott ( ...

1.0 Introduction Citi Group (Citi) has taken a bad hit during the financial crisis in 2008, which it continues to shoulder today, almost a decade later. The appointment of current CEO Michael Corbat in 2012 pushed the company back to the path of better reduction of non-profitability, which finally broke through in 2015 when Citi finally made positive profits beyond its 2015 breakeven target. The succeeding sections explored this journey of challenges and promises as clearly as possible. 2.0 Mission and Vision: Impact to Primary Stakeholders Citi’s vision and mission focuses on the customer as a financial services ...

Question 7: Common Law and Civil Law

Common law is a legal system that emphasizes on court decisions and that judges have the authority to make laws where no lawmaking statutes exist. It also incorporates legislative precedence as the primary source of law thus ensuring that the law remains precise, uniform and consistent. This type of law has its structure based around adversarial systems whereby two parties - the defense and the prosecution teams - are pitted against each other with the faith of finding the truth. Common law has its origin traced back to England during the middle age period and nations such as the ...

Introduction

Good governance and capital structure play a crucial role in the maximization of corporate profitability, either through an increase in profit margin or a reduction in capital cost or both (Uwuigbe, 2014), and in effect shareholders’ wealth. Companies who are aware of these factors in their objectives of profit maximization eagerly put their good governance principles into corporate codes, which act as valuable reference points in their governance decisions. As such, sound corporate governance engenders investor confidence in terms of capital preservation and acceptable returns of investments (Okiro, Aduda, & Omoro, 2015; Agyei & Owusu, 2014; Heng, Azrbaijani, & San, 2012). With ...

Introduction

In this essay, reference is made to Dow Jones and Company that is a large publicly traded news corporation for which I would like to work. The company is one of the largest and most prominent companies that provide business and financial news in the world. Dow Jones and Company was established in the year 1896 by Charles Dow, Edward T. Jones, and Charles Bergstresser. The same trio also founded The Wall Street Journal, which is among the top most influential publications on business issues in the globe (Investopedia Staff, 2005).

The Impact of the Company’s Mission, Vision, and Primary Stakeholders on its Success

The mission of the Dow Jones and Company ...

»WHILE THE ACCOUNTABILITY MECHANISMS OF PUBLICLY LISTED COMPANIES RESEMBLE THOSE OF DEMOCRATICALLY ELECTED GOVERNMENTS, IN PRACTICE, THESE MECHANISMS ARE OFTEN LARGELY INEFFECTIVE.«

Introduction 3

The Concept of Accountability 4 Governance and its Relationship to Accountability 5 Publicly listed companies and accountability 6 Accountability with regards to various participants 9 The Challenges of Technology 11 Conclusion 12

Bibliography 14

Introduction The governance and accountability of the corporate world has been a significant focus for many since the economy fell apart during the 2007 financial crisis. Prior to this event, there was a lot of public trust in corporate structures; however, after the financial crisis, ...

Understanding the external business environment will help Priam Rossa to make a huge step in its expansion plans. The environmental analysis provides a framework for developing strategic options in efforts to make a significant presence in the global markets. Due to globalization, the floral market is constantly facing major changes through factors that could be controlled by the organization and those that are out of control. This implies that the operations of Prima Rossa as it seeks to expand its roses retailing business will be influenced greatly by the environment in the territories it wishes to penetrate. The following ...

Issues in Law, Ethics and Corporate Governance: A Case Study of PharmaCARE’s Activities in Colberia

Issues in Law, Ethics and Corporate Governance: A Case Study of PharmaCARE’s Activities in Colberia As the PharmaCARE case scenario reveals, a number of multinational companies have more often than not found themselves being heavily vilified globally for their failure in social responsibilities, corporate governance and ethics. This has particularly been the case with mining companies in oil and other mineral rich countries in Africa whereby these companies have exploited the vulnerability of the local populations to their business advantage. Their business activities have led to serious environmental destruction and pollution, raising major concerns about the health and ...

How to Reform Corporate Ethics in American Business Today

Corporate ethics is an important sphere of American business the regulation of which is of utter importance. It comprises the rules how the company operates: its management, control and responsibility for improper actions. The regulations of corporate governance and implementation of effective corporate ethical standards affect the situation of the economy of the state. Inefficient regulations may lead to huge problems, such as the Great Depression of 1933, ENRON case of 2007, global financial crisis of 2008, because of which the whole world economy was negatively affected, a lot of investors were defrauded, money stolen and etc. Scholars believed ...

1. What governance practices could have prevented the demise of Barings Bank? Barings Bank was founded in 1962. It is previously known as Baring Brothers & Co. It was the oldest merchant bank in England and collapsed on February 26, 1995. The bank had been faced bankruptcy for the second time because of this reason. There were several issues that it had been processed. It changed the regulatory of the development of worldwide financial transactions, indoor trading, executive remuneration and misuse of pensions fund made it strengthen through those changes. As per Hurst and Wood (1993) report, there were many ...

Google Inc.

Introduction In this document, assessment of the strategies of a SEC listed company “Google Inc.” is conducted. It briefly explains the impact of its mission, vision and stakeholders on the company’s success. Also, it critically reviews the potential strengths, weaknesses, and threats that the company encounters, suggesting different types of strategy that the company can adapt to improve its competitiveness and profitability. It concludes with a communication plan for the strategies and corporate governance mechanism that Google Inc. should adopt to control managerial actions recommended in this document. 1. Company Overview Google Inc is one of the leading ...

Corporate governance is the mechanism with the processes and relations which controls and governs an organization or corporation. There are some structures that can govern the roles of different personnel inside of the firm. These roles might include the rights and responsibilities of the participants. The participants might include a board of directors, managers, shareholders, creditors, regulators, auditors, and any of the other stakeholders. There are some procedures and rules that are used in the decision making when it comes to the corporate affairs. The governance is all of the processes when the objectives of the corporation are set. ...

The fall of Enron

What went wrong and why? Answer. The wrong done in the case of Enron and the reason for the wrong can be described on the basis of the following aspects of their business: Enron’s core business was initially focused on natural gas pipeline and they made exceptional growth in the business. By the end of the 1990s they decided to diversify their business to the newly emerging business of asset management, construction, and Internet operations. Enron entered into foreign markets of Latin America, Asia, and UK with fresh subsidiaries focusing on development of asset management, construction, and internet ...

Corporate governance refers to a system in which companies in a given region are directed and controlled. It involves a set of relationships existing between the board, management, shareholders and any other stakeholders of the company. Corporate governance as well is instrumental in the provision of a structure of setting the objectives of a company, the means of attaining the set objectives and monitoring performance of the company. Corporate governance lies on four pillars which include accountability, transparency, fairness and responsibility (Sharar, 8). A corporate governance framework is necessary to safeguard the interest of the various stakeholders in any ...

Corporate governance refers to a system in which companies in a given region are directed and controlled. It involves a set of relationships existing between the board, management, shareholders and any other stakeholders of the company. Corporate governance as well is instrumental in the provision of a structure of setting the objectives of a company, the means of attaining the set objectives and monitoring performance of the company. Corporate governance lies on four pillars which include accountability, transparency, fairness and responsibility (Sharar, 8). The Qatar Financial Market Authority (QFMA) was established in 2009 (Sharar, 8). After its establishment, QFMA ...

Oil Search Limited, established in 1929 in Papua New Guinea has its focus on oil and gas exploration and development . During the course of this long standing relationship with the Government of Papua New Guinea and its people, the company has shown immense commitment in ensuring the welfare of the country and its people through various societal benefit programs. This report focuses on Oil Search Limited; various corporate responsibility programs initiated and implemented the company, and the company’s risk management framework and infrastructure.

Company Overview

Among the various projects, the main asset of the company is its 29% stake in ...

Financial Development and Economic Growth bear a strong relationship with each other. “Theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth” (Levine, 2005). Studies suggest that an economy’s financial system cuts transaction and information costs which in turn results into mobilizing savings, better investments and proper resource allocation. These in turn bring about innovation in technology, accumulation of capital and economic growth. Levine (2005) suggests that when financial intermediaries are present in the market, investors gain access to high quality and ...

Introduction to Financial markets

The financial market is a term that is used to describe any marketplace where both buyers and sellers participate in asset trading like bonds, equities, derivatives, and currencies. Therefore, it is typically defined by possessing transparency pricing, regulations on trading, and market forces that determine the value of securities that are in the trade. Financial markets are almost found in every country. However, some may be small with few participants while others like the New York Stock Exchange are big and do trade trillions of dollars on a daily basis. Moreover, the investors have the access to a large ...