FORENSIC ACCOUNTING & FRAUD INVESTIGATION ASSESSMENT TASKS 1 THE ROLE OF FORENSIC ACCOUNTANTS IN CORPORATE GOVERNANCE Corporate governance is defined as the formal mechanism of direction‚ supervision and control put in place within a company in order to monitor the decisions and actions of its senior managers and ensure these are compatible and consistent with the specific interest of shareholders and the various other interests of shareholders who contribute to the operations of
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School of Accounting & Finance The Hong Kong Polytechnic University AF2111 Accounting for Decision making Semester 1 of 2013/2014 Academic Year Meeting Time: Thursday‚ 19:30 - 21:20 Venue: DE401 (subject group S01) Instructor: Ms Sarah Cheng Mei Ling Office: M754‚ Li Ka Shing Building Tel. No.: (852) 2766-7027 E-mail:
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Introduction In a world which innovators are kings‚ interest in internal corporate ventures has grown tremendously. In my literature review‚ I would like to share my insights from reading the book titled “Corporate venturing: creating new businesses within the firm” by Zenas Block and Ian C. MacMillan. In this book‚ the authors shared their views on the importance of corporate venturing especially in this competitive global economy. Also‚ other aspects of venturing like the management‚ organisation and control
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Clinical governance is defined as “A framework through which NHS organisations are accountable for continuously improving the quality of their services and safe-guarding high standards of care by creating an environment in which excellence in clinical care will flourish.” Clinical governance incorporates quality assurance‚ quality improvement and risk and incident management. It also monitors and helps to ensure that the standards of care are maintained and‚ if necessary‚ improved. Clinical governance
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The Role of a Board of Directors By Jean Kelsey At first glance‚ one might think that the role of a Board of Directors (“Board”) would be based upon a standard set of criteria that would ultimately make the formation and function of a Board more straightforward. As I researched into the special role a Board would have within a non-profit‚ I discovered that the role is also determined by the functionality of that same Board. Functionality of a non-profit’s Board is clearly dependent upon several
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Good governance has been a key concept for democratic development in many countries around the world during the past few decades. Thailand is one of those which have embraced the idea. The notion of good governance was first given importance and included in the Thai national agenda in the 1990’s. At its inception‚ not many people‚ particularly those at the grassroot level‚ understood what it meant. There were attempts to explain this concept to the public and even attempts by community leaders
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co-ordinating established configurations and its form depends on the strategies a firm adopts for configuration and co-ordination (Tomkins‚ 1991) 4) Study by Biles and Assada (1991) investigated how the Japanese and American ownership firms evaluated the performance of their subsidiaries. The US firms frequently used financial ratios for performance measurement. ROI was by far most important‚ whereas Japanese firms pay more attention to individual line-items in the budget such as sales volume
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Identify five different roles within groups; discuss the ways in which they can contribute to the successful completion of a task. Leader/Facilitator The position of the leader is significant‚ as the team would not have any guide or direction and would most likely become unproductive. The leader clarifies goals‚ promotes decision-making and delegates well. She/he must have outstanding interpersonal skills‚ being able to communicate effectively with team members through good listening‚ verbal and
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FACEBOOK INC Group 1 Members: SHUDI WANG( 103661502) XIAO WANG(103691875) XIAOYILIU(103691943) LICHAO LI(103665618) SHANSHAN CHEN(103604330) NANXI YE(103476843) JIE ZHAO(1036661052) XIAOCUI ZHU(103683832) TABLE OF CONTENTS 1. Introduction …………………………………………………………………………………3 2. The attributes of good board………………………………………………………………...4 3. Facebook ’s IPO (initial public offering)……………………………………………………..5 4. CEO Compensation………………………………………………………………………….6 5. The Board-Management Relationship………………………………………………………
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responsibilities. Moreover‚ governance is the board’s legal authority to exercise power and authority over an organization on behalf of the community it serves (BoardSource Staff). It is the job of the board to establish a foundation for the organization at hand and is authorized to make decisions that will affect that organization. Finally‚ there are four types of governance models the board can adhere to including; the traditional model‚ the corporate model‚ the policy governance model‚ and lastly the
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