while maintaining a strong corporate responsibility towards the environment in which it operates. Having secured among the largest logging concession rights in the country‚ PWPB is able to tap into a steady source of quality raw material to ensure efficient production in the years to come. The Company adheres by strict quality control measures to ensure PWPB products maintain world class standards to meet a strong international demand. Corporate Governance PWPB’s corporate structure includes a high
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Agency theory relative to corporate governance assumes a two-tier form of firm control: managers and owners. Agency theory holds that there will be some friction and mistrust between these two groups. The basic structure of the corporation‚ therefore‚ is the web of contractual relations among different interest groups with a stake in the company. In general‚ there are three sets of interest groups within the firm. Managers‚ stockholders and creditors (such as banks). Stockholders often have conflicts
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Cadbury Committee in the UK defined corporate governance as “the system by which companies are directed and controlled.” To a great extent‚ this is true. The need for corporate governance has increased‚ particularly due to the increasing number of scams that are being reported‚ such as Satyam and Nasscom. Corporate governance in India aims to establish better transparency and responsibility in governing the way corporations are managed. Further‚ corporate governance in India helps a company to meet
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PepsiCo - Procedures Ensuring Ethical Behaviour PepsiCo is committed to ensure the corporate standards accountability for the company actions. This is evident by the many corporate governance standards in place. The processes and policies that are in place include the Amended and Restated Articles of Incorporation‚ By-Laws‚ Compensation Committee Charter‚ Corporate Governance Guidelines‚ Disclosure Committee Charter and the Policy for Audit‚ Audit-Related and Non-Audit Services. The
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one of the biggest IT giants in India‚ because of the fraudulent activities carried out by its founder Mr. Ramalinga Raju and his associates. Business world at that point had garnered immense respect for Satyam in terms of risk management and corporate governance practices and Satyam was ranked as the fourth largest IT Company in India. This was the case before December 16‚ 2008‚ when Satyam promoter Mr. Ramalinga Raju proposed his intent to acquire Matyas Infra and Matyas Properties. When this announcement
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board governance survey 2006‚ Sydney: Pro: NED‚ 2006 [ 11 ]. ASX Corporate Governance Council ASX Corporate Governance Principles and recommendations 2nd edition (2008) 4.1 [ 12 ] [ 13 ]. ASX Corporate Governance Council ASX Corporate Governance Principles and recommendations 2nd edition (2008) 5 [ 14 ] [ 17 ]. ASX Corporate Governance Council ASX Corporate Governance Principles and recommendations 2nd edition (2008) 8.1 [ 18 ] [ 27 ]. ASX Corporate Governance Council ASX Corporate Governance Principles
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behaviour from the senior management. The events presented touch and highlight management and governance issues‚ which are so important in managing global companies. After analysis of the cases and financial statements‚ I have come with questions and concerns on the management and financial statements that could have caught this earlier on. Questions to be asked and process of approving budgets‚ corporate strategy‚ risk controls would have raised concerns on the management style. Some of the other
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quality and effectiveness of corporate governance in European listed companies. Motivation for study Most of corporate governance research only reveals that corporate governance can solute the agency conflicts between management and shareholders which fails to identify principle-principle agency conflicts and their influences on corporate governance. Research question Whether more severe principal-principal conflict is relevant with weaker corporate governance and whether the severity of
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FUNDAMENTALS OF CORPORATE GOVERNANCE By Thomas Clarke and Marie dela Rama SAGE Publications (2008) London; Thousand Oaks CA. ISBN: 978-1-4129-3589-0 Website: http://www.ccg.uts.edu.au THE FUNDAMENTAL DIMENSIONS AND DILEMMAS OF CORPORATE GOVERNANCE Introduction As the scale and activity of corporations has increased immeasurably‚ the governance of these entities has assumed considerable importance. Business corporations have an enduring impact upon societies and economies‚ and “how corporations
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Resources (2011) Each report should be about no longer than 1 page in length. Two reports required. b) Select two companies that have experienced recent corporate governance failures. Research the facts of the failure and report on the facts and the losses suffered. In your report‚ give suggestions on the Corporate Governance principles that should be implemented and that could have prevented the failure. Examples of companies include: ABC Learning (2008) Storm Financial (2009)
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