CORPORATE CONTROL AND FIRM PERFORMANCE: DOES THE TYPE OF OWNERS MATTER? Muhammad Agung Prabowo* Universitas Sebelas Maret‚ Surakarta‚ Indonesia Abstract: The paper extends the ownership study by examining the different types of large shareholders in relation to its impact on organizational outcome in Indonesia using a dataset consisting of 190 non-financial companies listed in Jakarta Stock Exchange in 2002. The study investigates the effect of family ownership‚ foreign blockholder‚ domestic institutional
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"Corporate Fraud" when you hear those words the first‚ most recent incident‚ many think of is The Enron Scandal. This same scandal produced the Public Company Accounting Reform and Investor Protection Act of 2002. This much needed act created the Public Company Accounting Oversight Board under the Security Exchange Commission ’s supervision. This board sets accounting standards and investigates Certified Public Accountants and companies to ensure they are following the guidelines set forth. This
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Corporate Governance Take-Home Exam Compare Turkish Corporate Governance system with the systems in USA‚ Japan and EU. 1. Who is in charge? 2. Board structure‚ independence of members of the board‚ board committees 3. Board and executive remunerations 4. Shareholders rights and ownership rights 5. Related party transactions 6. Ownership structures The OECD sets general principles about corporate governance; nevertheless‚ in different companies corporate governance is not handled in the precisely
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Question: Critically analyse the state of corporate governance in both the private and public sector in Zimbabwe. [100] Introduction The definition of corporate governance most widely used is "the system by which companies are directed and controlled" (Cadbury Committee‚ 1992). More specifically it is the framework by which the various stakeholder interests are balanced‚ or‚ as the IFC states‚ "the relationships among the management‚ Board of Directors‚ controlling shareholders‚ minority shareholders
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What is Corporate Communication? * A department with many functions * A set of communication products * A process to communicate key messages Corporate communications are a powerful management tool if approached with strategic integrity‚ alignment and focus. An organisation performing with coherence and its energy focused on a specified goal is far more effective than one that allows confused and inconsistent messages to disseminate from management. Communications is the only vehicle
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CORPORATE GOVERNANCE Corporate governance refers to the system 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. Governance provides the structure through which corporations
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Hitler’s Jewish Discrimination as Interpreted by Selected Quotes of Mein Kampf All throughout history people have wanted more and more money. It is human nature to blame a minority race and or religion for world problems. One example of this was Adolph Hitler’s discrimination against Jews. His 600 plus paged “Mein Kampf” has been considered to be a controversial text for many decades. Since 1946 the book has been banned from many countries including Germany‚ but will be available for sale starting
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AMERICAN BAR ASSOCIATION Business Law Section Corporate Governance Committee International Developments Subcommittee ******************************************************************** Corporate Governance and Fiduciary Duties A Multi-Jurisdictional Review of the Directors’ Relationship to the Corporation The International Developments Subcommittee is in the process of preparing a analysis of the board of director’s relationship to the corporation‚ comparing concepts of fiduciary duty
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Corporate Restructuring: Corporate restructuring is one of the most complex and fundamental phenomena that management confronts. Each company has two opposite strategies from which to choose: to diversify or to refocus on its core business. While diversifying represents the expansion of corporate activities‚ refocus characterizes a concentration on its core business. From this perspective‚ corporate restructuring is reduction in diversification. Corporate restructuring is an episodic exercise‚
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A discussion on company’s corporate governance statement. This statement sets out the key corporate governance principles adopted by the Directors in governing David Jones and reflects the corporate governance policies and procedures which applied during the year ended 28 July 2012. The corporate governance statement of David Jones is very specific and coherent. It provides the information very clearly and shows the detail that how their behaviors applies the Australian Securities Exchange requirement
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