Preview

Effective corporate governance

Good Essays
Open Document
Open Document
902 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Effective corporate governance
EFFECTIVE CORPORATE GOVERNANCE

Presented by:
Alfesany Ahmed

Complience Manager
Pret A Manger Ltd.
Birmingham, UK
Contents
Introduction
Corporate Governance
The importance of responsible Corporate governance
The regulatory requirements that shapes the effective corporate governance in regulated company
The impact of regulatory requirements on pret A manger stakeholders interests
Conclusion
Reference

Pret a Manger was opened in Hampsted, London, UK in 1984 by Jeffrey Hyman.

The Pret A Manger is UK based international fast food chain organization which operates its business worldwide mostly in the UK, the USA, Hong Kong and in France.

This is considered as one of the mainly huge fast food provider in the planet.

The food is free from chemicals which organization makes handmade foods, stabilizer and preservatives.

Revenue of £17.32 million, return on sales of £3.1 million and 16% supply chain increased.

Corporate Governance

The framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in a company's relationship with its all stakeholders (financiers, customers, management, employees, government, and the community).

Corporate governance has also been defined as "a system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby, mitigating agency risks which may stem from the misdeeds of corporate officers. [Sifuna, Pacy (2012)]

It is a method of governing the organization similar to a ruler state, instating its personal customs, policies and laws to its employees from the highest to the lowest levels.

Corporate governance Refers to the internal and external factors which defined by the officers, stakeholders or institutions of organization.

The Importance of responsible

You May Also Find These Documents Helpful

  • Better Essays

    Corporate governance is a commonly used phrase to describe a company’s control mechanisms to ensure management is operating according to policies and regulations. Examples of such mechanisms are a company’s internal controls systems, internal audits, external audits, and an audit committee. Corporate governance aims to prevent accounting abuse and fraud. A strong corporate governance system is built upon a strong ethical foundation that supports producing precise and transparent financial statements..…

    • 932 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Corporate governance is the oversight of a company's management performance and ethics by its board of directors.…

    • 4426 Words
    • 18 Pages
    Satisfactory Essays
  • Powerful Essays

    The term, ‘Corporate Governance’ is used to describe the system in which companies are directed and controlled (Atrill,P, Melaney, E, Harvey,D, Jenner,M 2008, Accounting: an Introduction, 4th edn, Pearson Education Australia, Frenchs Forest, NSW, page 42).…

    • 1494 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    “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).…

    • 841 Words
    • 4 Pages
    Better Essays
  • Good Essays

    To ensure the benefit of everyone concerned in an organisation, corporate governance must be enforced. Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated and controlled (Search Financial Security, 2008). It involves internal factors defined by the officers, stockholders or constitution of a corporation, but also involves external factors such as consumer groups, clients and government regulations. When an organisation has a well-defined and enforced corporate governance, it makes sure the organisation adheres to accepted ethical standards as well as to formal laws.…

    • 901 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    To begin with we will provide a brief background on the corporate governance. The system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of the many stakeholders in a company - these include its shareholders, management, customers, suppliers, financiers, government and the community. Since corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.…

    • 2951 Words
    • 13 Pages
    Powerful Essays
  • Best Essays

    Corporate Governance

    • 2489 Words
    • 9 Pages

    Corporate Governance has evolved from the early days of merchants and monopolists and the concept of corporate governance is as old as trade but the phrase is new. (Tricker 2011).At its simplest, corporate governance can be regarded as being ‘about promoting corporate fairness, transparency and accountability’ (Wolfensohn 1999).…

    • 2489 Words
    • 9 Pages
    Best Essays
  • Best Essays

    Corporate Governance Tesco

    • 2252 Words
    • 7 Pages

    The term "corporate governance" portrays the structure of guidelines, connections, frameworks and processes internally and by which power is practiced and controlled inside enterprises. It includes the components such as stakeholders, suppliers; customers etc are taken into account. Corporate governance has many challenges associated with every organisation. To develop and maintain good corporate governance, seven unique characteristics are framed. They are described as follows:…

    • 2252 Words
    • 7 Pages
    Best Essays
  • Good Essays

    Up to now no specific world-wide common understanding or single definition for “corporate governance” has been established. More generally, corporate governance can thus be understood as the totality of all national and international regulations (e.g. Sarbanes-Oxley Act), rules, values and principles (e.g. UK’s “Code of best practices”) that apply to businesses and determine how they are steered and monitored.…

    • 1193 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Confusion

    • 921 Words
    • 4 Pages

    Furthermore, corporate governance contains all types of corporations and the meaning behind the corporate governance can lead to both economic and non-economic activities. Consider with those different important factors, the meaning of corporate governance can be verity because different…

    • 921 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Ethics

    • 352 Words
    • 2 Pages

    - refers to the set of systems, principles and processes by which a company is governed. They provide the guidelines as to how the company can be directed or controlled such that it can fulfil its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term.…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    foreign entry

    • 875 Words
    • 4 Pages

    Corporate governance refers to the system of structures, rights, duties, and obligations by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs. It, also provides the means through which firms undertake ethical behaviors, CSR, and sustainability. ‘…

    • 875 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Corporate governance involves regulatory and market mechanisms, and the roles and relationships between a company’s management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed.[1][2] Lately, corporate governance has been comprehensively defined as "a system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby mitigating agency risks which may stem from the misdeeds of corporate officers."[3]…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    IEMP

    • 476 Words
    • 2 Pages

    Corporate Governance is a system of rules, practices and processes by which a company is directed and controlled, which involves the alignment of interests among the stakeholders. After the early 2000s, the massive…

    • 476 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    1. Introduction Corporate governance can be viewed as a process by which directors control and direct the management of a company to achieve the best returns to its owners (Wong…

    • 11616 Words
    • 47 Pages
    Powerful Essays