Review at least one article in the University’s online library dealing with corporate governance. Determine the relationship of the firm’s governance and the firm’s strategic plan. How does governance manage the plan, inform the plan, amend the plan, and/or direct future action of the firm using the plan. Support your position with other peer-reviewed articles from the Ashford University Library. Submit your findings in a three to four page APA style paper.
Toyota Motor Corp. is a company that produces vehicles. Their logo is “filled with possibilities”. It is a cleaver logo because it is a picture of a gas tank set on full. The “F” for full, is used in the logo to start the word Filled. Toyota has been in the United States since 1957 (www.toyota.com). Toyota was a trusted company until a defect in the gas pedals was detected. This led to some massive recalls. The purpose of my paper is to evaluate Toyota’s corporate governance and the relationship to the firm’s strategic plan.
“Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces such as consumer groups, clients, and government regulations” (2006). According to Search Financial Security, “In recent years, corporate governance has received increased attention because of high-profile scandals involving abuse of corporate power and, in some cases, alleged criminal activity by corporate officers. An integral part of an effective corporate governance regime includes provisions for civil or criminal prosecution of individuals who conduct unethical or illegal acts in the name of the enterprise” (2006). Toyota’s view on corporate governance is they “strive to enhance the long-term stability of its corporate value and...