THE CORPORATE GOVERNANCE PRACTICES IN INDIA By Mrs.ShilpaJain Faculty Members ICFAI National College Yamuna Nagar- Haryana INTRODUCTION: Corporate governance is defined as the system by which business entities are monitored‚ managed and controlled. Corporate governance practices have become an essential prerequisite for the ability to acquire and retain financial resources
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proper corporate governance structures are inevitable. There is need for improvement on the issues of corporate governance in all corners of the economy if real economic growth is to be realized. The research is also of the opinion that many companies collapsed over the past decade owing to partly serious corporate governance deficiencies‚ among other challenges. As a result‚ the research serves to highlight‚ hint and encourage all the relevant stakeholders to establish proper corporate governance
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WHAT IS CORPORATE GOVERNANCE? Nowadays people in the business world are talking about good corporate governance. Companies with good corporate governance are perceived by the public as a company that been handled properly by its management. Few companies had been names as among the worst in corporate governance like Enron‚ World.com and Barings. But what is exactly corporate governance? The term ‘corporate governance’ is coming from two words. The adjective ‘corporate’ comes from the noun
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TOPIC: CORPORATE GOVERNANCE AND ETHICS Table of contents Introduction………………………………………………………………………………………3 Framework for understanding ethical decision making……………………………………………………………..5 Understanding the views of corporate governance…………………………………………………………….…...15 Corporate governance as a dimension of ethical decision making……………………………………….………...23 Corporate governance issues…………………………………………………………………………………
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CHAPTER 3 CORPORATE GOVERNANCE AND ETHICS By: Philip Stiles “The increased interest in corporate governance has mirrored the rise in concern in business ethics generally with the voluminous literature on high profile scandals and failures in firms providing a common base for much descriptive and prescriptive work in both areas. Both subjects‚ too‚ share a key focus on agency problems‚ which has driven much theoretical and empirical work. Many commentators on corporate governance assume that boards
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it consists of three main bodies: The shareholders general meeting as the highest authority which appoints the board of directors (executive) which in turn is being inspected by the supervisory board. More detailed information concerning the corporate governance and the organizational structure will be given in Chapter 2. 1.1. History The gigantic China Petrochemical Corporation Group (Sinopec Group) has been established in 1998 based on the former China Petrochemical Corporation. The Group is completely
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A. The Implications for corporate governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors
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The Royal Bank of Scotland Case Nicole Kraemer (413991) The rise and fall of the Royal Bank of Scotland is characterized by poor corporate governance which allowed for the complete dominance of the executive management over the board of directors and a massive principal-agent problem. Positive social dynamics and the power of weak ties allowed for compliance while intimidation and bullying tactics silenced questions‚ concerns and opposition. The board’s utter compliancy and borderline negligence
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Corporate Governance in Emerging Economies The case of Argentina Content Page 1. Introduction 3 2. Corporate Governance 4 3. Corporate Governance in developed economies 3.1 Corporate governance in the Netherlands 3.2 Globalization & Corporate Governance 5 6 8 4. Corporate Governance in Argentina 9 5. Practical comparison 5.1 The financial sector 5.2 The energy sector 11 6. Conclusion 13 7. References 14 8. Appendix 8.1 Management structure
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The benefits to a company of practising good corporate governance are now well known. It can raise capital more cheaply in a world where capital is a scarce resource; when it has a downturn it will have support from its stakeholders in its turnaround attempt; its business will be more sustainable; when the board makes a wrong business judgment call – and dealing with uncertain future events it will do so – it will not be seen as a scandal but as a consequence of the risk/reward ratio involved in
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