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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THE EFFECTS OF OWNERSHIP STRUCTURE‚ BOARD EFFECTIVENESS AND MANAGERIAL DISCRETION ON PERFORMANCE OF LISTED COMPANIES IN KENYA ONGORE‚ VINCENT OKOTH Thesis submitted in fulfillment of the requirements for the award of the degree of Doctor of Philosophy (Ph D) in Business Administration‚ School of Business‚ University of Nairobi‚ Kenya. 2008. DECLARATION I declare that this thesis is my original work and‚ to the best of my knowledge‚ has not been submitted to any university for a degree
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financial scandals that happen in the early 2000s at companies including Enron‚ WorldCom and Tyco that rattled investor confidence. The act‚ was created by U.S. Congressmen Paul Sarbanes and Michael Oxley‚ and was intended in order to improve corporate governance and accountability. Every public company must act in accordance with with Sarbanes-Oxley Act. The Sarbanes-Oxley Act not only influenced the financial side of companies‚ but also IT departments who are in charge of storing a corporation’s
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SUB: - CORPORATE GOVERNANCE TOPIC: CORPORATE GOVERNANCE IN INSURANCE SECTOR. . ACKNOWLEDGEMENT My deepest thanks to prof.Oberoi sir to Guide the project for guiding and correcting various documents of mine with attention and care. He has taken pain to go through the project and make necessary correction as and when needed. A special thank of mine goes to my colleague who helped me in completing the project & she exchanged her interesting ideas‚ thoughts & made this project
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Institutional Investors and Corporate Governance Corporate Governance at Burberry Group Submitted to Dr. KAROL KLIMCZAK Date: 18.11.2013 Academic Year 2013/2014 © Kozminski University 2013 TABLE OF CONTENT 1.Introduction 3 2.Burberry Group Overview 3 3.Corporate Governance at Burberry 3 4.Risk Management 6 5.Problems and Recommendations 7 6.Conclusion 8 7.References 9 1. Introduction The company chosen for this assignment is Burberry that has a reasonable
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