Corporate Governance Tesco
Contents
Abstract 3
Introduction 4
Evolution of Corporate Governance in United States 4
A Case Study - Tesco PLC Company 5
Agency Theory 7
Stakeholder Theory 8
Corporate Governance issues in Tesco Company 8
Conclusion 9
References 11
Abstract
Corporate governance is an essential part of every organisation and is defined as a set of rules, techniques and practices by which a company is coordinated and controlled according to aims and goals of the Organisation. Corporate governance basically includes adjusting the interests of the numerous partners in an organization - these incorporate its shareholders, administration, clients, suppliers, agents, government and the group. Proper management of corporate governance in an organisation reflects the success of Company. Thus, objectives of corporate governance are to maintain transparency in corporate transactions, taking into account corporate goals, effective decisions should be taken, protecting interests of organisation’s shareholders, commitment to values and moral conduct of company’s business. If corporate governance is not considered accordingly, it can lead to chaos in business markets. Essay covers corporate governance in Tesco Company, which is one of the leading and popular grocery and retail store.
Introduction
The term "corporate governance" portrays the structure of guidelines, connections, frameworks and processes internally and by which power is practiced and controlled inside enterprises. It includes the components such as stakeholders, suppliers; customers etc are taken into account. Corporate governance has many challenges associated with every organisation. To develop and maintain good corporate governance, seven unique characteristics are framed. They are described as follows:
1. Clear understanding of an Organisation’s strategy
2. Managing Organisational risks effectively
3. Discipline
4. Fairness
5. Transparency
6. Social Responsibility
7. Self – Evaluation
Abstract 3
Introduction 4
Evolution of Corporate Governance in United States 4
A Case Study - Tesco PLC Company 5
Agency Theory 7
Stakeholder Theory 8
Corporate Governance issues in Tesco Company 8
Conclusion 9
References 11
Abstract
Corporate governance is an essential part of every organisation and is defined as a set of rules, techniques and practices by which a company is coordinated and controlled according to aims and goals of the Organisation. Corporate governance basically includes adjusting the interests of the numerous partners in an organization - these incorporate its shareholders, administration, clients, suppliers, agents, government and the group. Proper management of corporate governance in an organisation reflects the success of Company. Thus, objectives of corporate governance are to maintain transparency in corporate transactions, taking into account corporate goals, effective decisions should be taken, protecting interests of organisation’s shareholders, commitment to values and moral conduct of company’s business. If corporate governance is not considered accordingly, it can lead to chaos in business markets. Essay covers corporate governance in Tesco Company, which is one of the leading and popular grocery and retail store.
Introduction
The term "corporate governance" portrays the structure of guidelines, connections, frameworks and processes internally and by which power is practiced and controlled inside enterprises. It includes the components such as stakeholders, suppliers; customers etc are taken into account. Corporate governance has many challenges associated with every organisation. To develop and maintain good corporate governance, seven unique characteristics are framed. They are described as follows:
1. Clear understanding of an Organisation’s strategy
2. Managing Organisational risks effectively
3. Discipline
4. Fairness
5. Transparency
6. Social Responsibility
7. Self – Evaluation
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