Scandinavian Airlines (SAS) has received greatly attention in the media in recent times partly due to the poor financial performance in the past years. The purpose of this paper is to analysis the corporate governance model of the company SAS‚ and identify the key corporate issues that may be behind the bad performance that the company is undergoing. The airline industry is especially sensible to business cycles and the financial crisis bit it hard. That is why in order to develop a fair analysis I
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Corporate Governance has many definitions that academic and business professionals defined. However‚ in simple words‚ we can understand that governance is a set of processes‚ customs‚ policies and laws that control the corporation. Corporate governance is the most important key in business nowadays‚ mainly after financial crisis. The financial crisis pointed out many corporate governance failures. According to the organization for economic co-operation and development (OECD)‚ they reported that
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Audit & Assurance Corporate Governance Malik Kashif Awan 3 Audit & Assurance 5 THE REGULATORY ENVIRONMENT AND CORPORATE GOVERNANCE Overview of the concept The regulatory environment and corporate governance Corporate governance codes Auditors’ communication with those charged with governance Audit committees Internal control and risk management Malik Kashif Awan 4 Audit & Assurance 5.1 Corporate Governance Corporate governance is the system by which
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388 Corporate Governance: An International Review‚ 2009‚ 17(3): 388–404 Convergence of Corporate Governance: Critical Review and Future Directions Toru Yoshikawa* and Abdul A. Rasheed ABSTRACT Manuscript Type: Review Research Question/Issue: Convergence in corporate governance across countries has been a subject of interest and controversy in a variety of disciplines. We attempt to address a number of related research questions: (1) what constitutes convergence? (2) what are the drivers that
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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 set and pursue their
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January 2007 CORPORATE GOVERNANCE IN MALAYSIA: THE EFFECT OF CORPORATE REFORMS AND STATE BUSINESS RELATION IN MALAYSIA Nor Azizah Zainal Abidin 1 and Halimah @ Nasibah Ahmad2 1 Faculty of Public Management and Law‚ 2 Faculty of Accountancy Universiti Utara Malaysia‚ 06010 Sintok‚ Kedah‚ Malaysia ABSTRACT The Asian Financial Crisis in 1997 not only introduced the term of corporate governance but also drew attention of the public about the weaknesses of Malaysian corporate governance practice
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between each of your IV and DV in the methodology section. But this should have finished in LR section. Why u make your writing redundant? * You better add many other board characteristics variables as IVs in your model. Besides add other internal governance mechanisms like CEO compensation‚ debt policy‚ management ownership etc as IVs…..In general read more literature and add many IVs to have real contribution beyond simple studies that use small number of IVs. * Don’t use the words I‚ my‚ we‚
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THE BUSINESS VALUE OF GOOD CORPORATE GOVERNANCE Companies that take a strategic approach to the challenge of complying with tough new corporate governance requirements can create opportunities to strengthen their internal processes and enhance their business. This article is one in a series from Microsoft Office System that explores issues and perspectives facing finance executives. Making Sense of the Global Regulatory Patchwork Even For the global economic system to function as it should‚ investors
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MAIRE TECNIMONT Research Report Corporate Governance January 2014 GROUPWORK 7 Kamilya Dosbayeva Sebnem Dundar Edoardo Fasoli Alessandro Favero Eleonora Vaccari INDEX: Executive Summary 1 1. Company Overview 3 1.1 Overview of the business 3 1.2 Ownership and group structure 4 1.3 Firm performance 5 2. Di Amato Case: from the CEO Duality to a powerful Chairman 6 3. Strategy and Risk Management Processes 8 4. Board of Directors 11 4.1 Composition and Processes 11 4.2 Committees 12 4.3
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interests 1 The role of stakeholders Good corporate governance helps… to ensure Good that corporations take into account the interests of a wide range of constituencies‚ as well as of the communities within which they operate‚ and that their boards are accountable to the company and the shareholders. This‚ in turn‚ helps to assure that corporations operate for the benefit of society as a whole. -Preface‚ OECD Principles of Corporate Governance (1999) -Preface‚ OECD (1999) (OECD quote
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