SUMMARY Governance is as defined as the rule of the rulers. In Islamic financial institutions (IFIs) corporate governance plays significant and substantial role in sustaining the existence of IFIs as it promotes transparency‚ accountability and fairness while dealing with the industry but it depends on the regulation‚ legal and institutional environment in which company operates. At present‚ two concept of governance being practice are corporate governance and shariah governance being imply in Islamic
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National interest The Tata group is committed to benefit the economic development of the countries in which it operates. No Tata company shall undertake any project or activity to the detriment of the wider interests of the communities in which it operates. A Tata company’s management practices and business conduct shall benefit the country‚ localities and communities in which it operates‚ to the extent possible and affordable‚ and shall be in accordance with the laws of the land. A Tata company
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employed in SMEs 1.23 Ethics? (Mitchell 2003‚ p.8) 1.26 Professional ethics Mintz (1992) Situational ethics Bertrand Russell (1955) 1.27 Governance (Carnegie 2009‚ p.8) – conformance & performance 1.28 Corporate governance (OECD April 1999 and valid for OECD 2004) – ‘Direction’ & ‘Control’ Enterprise Governance – ‘Corporate Governance’ & ‘Business Governance’ (IFAC PAIB‚ 2004) 1.30 Professional? ‘Public Trust’ vs ‘professional judgments’ 1.31 Attributes of the profession Greenwood (1957)
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A Company Secretary is a person at very high position in a private sector company or public sector organization‚ normally at a managerial position. In some countries in a public sector the company secretary is reoffered as Corporate Secretary or Secretary. There is a requirement to appoint company secretary. It is already understood that a company is the creation of law‚ having rights‚ duties and obligations just as that of human being. The so-called legal entity may therefore sue and be sued: Saloman’s
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International Corporate Governance with Chinese Characteristics” describes the major concerns about PetroChina’s corporate governance when and after it was listed on NYSE and HKSE‚ which was the first Chinese state-owned enterprise launched IPO overseas. This paper is based on the information provided by the article and will discuss in three aspects: Firstly‚ why corporate governance was important for China’s SOEs? Secondly‚ what were the special problems associated with PetroChina’s corporate governance
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firm’s stock helps align the interests of managers with those of stockholders by increasing the costs to managers of shirking or excessive asset use. It also helps attenuate the horizon problem if share prices quickly adjust to reflect changes in corporate value. On the other hand‚ large managerial ownership may increase operational efficiency by improving managerial incentives. Compensation Compensation contracts are composed in order to provide managers with incentives and to motivate them
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capital markets. In response‚ corporate regulators have searched for mechanisms to achieve a return to reliable‚ high quality financial reporting‚ resulting in an increasing emphasis on corporate governance. In addition‚ regulators and investors have increasingly recognised the role of audit committees and an important corporate governance mechanism in restoring confidence in the capital market. The ASX Corporate Governance Council (AXS CGC) defines corporate governance as “the framework of rules‚
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Corporate Governance Research Paper Trends in Executive Compensation Oct.10‚ 2013 Introduction Top managers of firms are under scrutiny from the public due to what seem to be high salaries‚ bonuses and stock options. There have been definite trends in regards to executive compensation‚ and they all tend to lead to higher compensation of executives over time. There wasn’t always transparency in regards to executive compensation‚ but due to government and public pressure
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Title: Legal Effects of Implementing Arbitration or Mediation Mechanisms in the Corporate Governance. Research Proposal Submitted by MD. MAMONOR RASHID Metric No: 815250 Department of Law Master of Laws (Full Research) Universiti Utara Malaysia. Supervisor ROHANA ABDUL RAHMAN‚ PhD Deputy Director International and Executive Programs‚ Professional and Continuing Education Centre (PACE). Universiti Utara Malaysia. ROHANA ABDUL
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CORPORATE GOVERNANCE: EFFECTS ON FIRM PERFORMANCE AND ECONOMIC GROWTH by Maria Maher and Thomas Andersson ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT © OECD 19992 CORPORATE GOVERNANCE: EFFECTS ON FIRM PERFORMANCE AND ECONOMIC GROWTH TABLE OF CONTENTS SUMMARY.................................................................................................................................................... 3 I. Introduction......................................................
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