Corporate Governance refers to the way a corporation is governed. It is the technique by which companies are directed and managed. It means carrying the business as per the stakeholders’ desires. It is actually conducted by the board of Directors and the concerned committees for the company’s stakeholder’s benefit. It is all about balancing individual and societal goals‚ as well as‚ economic and social goals. Corporate Governance is the interaction between various participants (shareholders‚ board
Premium Corporate governance Corporation Economics
The benefits to a company of practising good corporate governance are now well known. It can raise capital more cheaply in a world where capital is a scarce resource; when it has a downturn it will have support from its stakeholders in its turnaround attempt; its business will be more sustainable; when the board makes a wrong business judgment call – and dealing with uncertain future events it will do so – it will not be seen as a scandal but as a consequence of the risk/reward ratio involved in
Premium Privately held company Public company Corporate governance
Good Governance in International Organisations By Ngaire Woods Final version published in Global Governance Volume 5‚ Number 1 (Jan-March 1999) (BACK to LIST) ABSTRACT Since the early 1990s many international institutions have been urging governments to conform to standards of `good governance ’. Yet the same institutions have been rather slow in applying equivalent standards to their own structures and decision-making processes. In this paper I examine what this would mean. I argue that principles
Premium Governance International relations Democracy
Title of the Report : ‘’Good governance of VAT system in industrial undertaking and trading houses’’ Course Name Course Code Submitted To : Taxation : 303 : Hasina Nargis Lecturer‚ Jagannath University Submission Date : 27-03-2010 Dissertation submitted by (Creative Group) 1. Umme Marzan ‚Class Roll: 06671566 2. Md.Imran Hossain ‚Class Roll: 06671530 3. Rabia Khatun ‚Class Roll: 06671532 4. Md.Nahid Mahamud‚Class Roll: 06671704 5. Md.Amirul Islam‚Class Roll: 05122245 6. Khandaker Shabbir
Premium Value added tax Tax
“Good corporate governance‚ ethics and social responsibility is essential for increasing and maintaining shareholders value” Corporate governance Corporate governance of controlling and directing the companies would impact the corporate performance‚ which would also affect the shareholders’ value. Example 1: John Felderhof‚ being the vice chairman of Bre-X‚ stating that he did not aware of the scandal. He is not qualified to be the board of director of the company as he did not aware of the Scandal
Premium Business ethics Social responsibility Socially responsible investing
Why Transparency is so important for International Financial Institution A lot of people take about the importance of transparency in international financial institutions but they rarely explain why it is so important. It is just taken as a given that it is important. There are actually a number of reasons why they are important but the main one is trust. No matter how sophisticated our economy has become all transactions still come down to trust‚ you have to trust the person that you are trading
Premium International trade Investment Financial services
EDUCATION AND GOOD GOVERNANCE INTRODUCTION Education is considered a ‘right’ and not a privilege. It is a rope that can carry us to greatness. it is one of the most important thing in life because without it you cannot make meaningful contributions towards development. While the concept of good governance indicates the effort the government has made or is making to turnaround the standard of living of the masses . Good Governance has to do with infrastructures‚ provision of security
Premium Learning Education Government
What is good governance? The definition of Governance itself is still a debate among scholars. A simple definition may be “the exercise of authority in managing the resources of a country”. (Bojanic‚ 2012) In a sense‚ the ruling body of a country’s practices in allocating the country’s resources. Good Governance is therefore the proper managing of these resources to achieve sustainable and self-reliant development and social justice. (JICA) How to know if good governance is in practice: It has been
Premium United Nations Human rights Democracy
GOOD GOVERNANCE AND PUBLIC RELATIONS According to Hamdan Adnan (2004)‚ as the expert in communication and relationship building‚ the government public relations practitioner’s role in the development and maintenance of good governance has become increasingly crucial. Governments are expected to provide high quality services that citizens appreciate or value‚ provide for measure and reward for both organizational and individual performance (including the introduction of Key Performance Indicators/KPIs)
Premium Governance Government Public relations
Social Responsibility and Good Governance EXERCISE 1 Name: __________________________________ Score: __________ Course‚ Yr.‚ &Section_______________________ Date: ___________ Test I. Modified True or False. Instruction: If the sentence is correct. Write true on the space provided before each number. If it is wrong substitute the Underlined word or phrase to make the statement right. ____________1.Politics is the art of manipulation or coercion
Premium President of the United States Supreme Court of the United States United States