As a president of the publicly owned corporation, Wexly, my number one priority is that of the stockholders. The stockholders have the ability to influence my career directly or indirectly. Directly in the sense that they have the ability to alter my title or status with the company through feedback to the board of the directors who have total influence on whether they want to keep me as the president of the company; and indirectly by changing compensation plans that will force me to alter or change my decision-making that will help their benefit as owners.
The President is the organization’s one primary stakeholder. He ultimately decides who is hired or remains
A corporations structure is designed to be financially profitable while presenting value to its share holders. The Cheif Financial Officer of a corporations job is to represent the shareholders and to increase current value in the corporation's stock. This corporate mentality will force a CFO to cut down on working conditions, workers' pay, and workers' benefits if the corporation is not as profitable as the shareholders' desire. This poor treatment of workers peaked during the Progressive
President-Overall leadership is my primary responsibility in the company which meant that I had the final decision and
This situation can lead to negative consequences for a business when its executives or management direct the organization to act in the best interest of themselves instead of the best interest of its owners or shareholders. Stockholders of the enterprise can keep this problem from arises by attempting to align the interest of management with that of themselves. This normally occurs through incentive pay, stock compensation, or other similar incentive packages that now cause the managers financial success to be tied to that of the company (Garcia, Rodriguez-Sanchez, & Fdez-Valdivia, 2015; Cui, Zhao, & Tang, 2007; Bruhl, 2003; Carols & Nicholas,
The stakeholders are the shareholders, managers, and employees. The current situation has caused a dilemma that affects all stakeholders equally. When the business is at risk, everyone involved should be concerned about the future of the organization. However, the responsibility falls to the senior leaders of the organization to solve the current issues. However, holding 80% of the company’s stocks is concerned not only about the organizations current issues but also with the value of his investment, as he gets closer to retirement. This creates an ethical dilemma due to his personal finances and retirement being directly affected by the company’s performance. In addition, the CEO believes that the status of the organization is not as bad as some of the senior leadership team would say. The shareholders interest is purely profit. The impact of how Huffman Trucking runs the business and implements change has a direct reflection on the company’s image.
To the extent of prevention of corporate failure, I argue that three ASX principles and recommendations could halt the demise of Dick Smith. Firstly, the 2nd principle which is “Structure the board to add value” by structuring the board with a majority of independent directors would prevent CEO dominance because some suggest that independent outside directors can reduce the influence of dominant individuals (ASX, 2014, p. 17). In accordance with Gallagher and Bennie (2015, p. 20), the independent directors are likely to focus on the company’s objectives and not to make decision relying on others. Furthermore, an addressing of independent directors would reduce the reliance on management, and create the effectiveness on monitoring (Dechow et al. 1996 cited in Christensen, Kent, and Stewart (2010)), as well as capability to lessen the conflict of interest between managers and shareholders (Hardjo & Alireza, 2012, p. 4). Thus, DSE’s board would be more active to monitor the CEO’s performances because independent directors pay attentions to the interest of company (Gallagher & Bennie, 2015, p. 20) and shareholders (Hardjo & Alireza, 2012, p. 4)
Another stakeholder of Comcast is its employees. Employees want and need an objective so he or she can fulfill its obligations. Employees want to know its responsibility daily to ensure the completion of the job satisfactorily. Employees want goals to have clarity and outlined on a regular basis. Another need employee’s want is for the goals of the company remain measurable and obtainable. Another need employee’s want is the ability to make decisions. This action enables the employees to feel like an important member of the team. Employees need independence and flexibility when working because it demonstrates trust in their
Macbeth's Emotions In the play macbeth by William Shakespeare, Macbeth is a play of a Scottish general named Macbeth who is given a prophecy from three witches that he will become King. He does a lot of things that hurt the people he loves. He is fueled by ambition and is controlled by his wife, Lady Macbeth. He is also a character that changes a lot.
Another central feature of the board of directors is the question of whether the CEO is also the chairman of the board. When the CEO is also the chairman this is often referred to as “CEO duality”. In the US the CEO is often the chairman of the board. Studies have shown that the board in most cases
Born in 1501, Anne Boleyn was the second wife of King Henry VIII, and served as Queen of England in the 1530s. Boleyn was born in England, but moved to France for most of her childhood, and upon returning to England in 1522, worked for King Henry VIII's court as maid of honor to his queen consort at the time, Catherine of Aragon. It was Anne Boleyn’s sister, Mary Boleyn, who first introduced Anne to King Henry VII. Upon meeting her, King Henry VII had already begun swooning for her. He proposed to her the thought of her being his one and only mistress, which she, to most people’s surprise, refused immediately. According to Boleyn, she was not interested in being a mistress, only a wife, which she claimed was impossible so long he was married to Catherine of Aragon.
In large corporations the success or failure of the company is the responsibility of the board of directors. According to Richard DeGeorge, “The members of the board are responsible to the shareholders for the selection of honest, effective managers, and especially for the selection for the CEO and of the president of the corporation.” (p. 202). The board members have a moral responsibility to ensure the corporation is run honestly, in respect to its major policies, and to ensure the interests of the shareholders are satisfied. The next responsibility within a corporation is the responsibility management has to its board of directors. DeGeorge writes, “It must inform the board of its actions, the decisions it makes or the decisions to be made, the financial condition of the firm, its successes and failures, and the like.” (p. 202). The management of the corporation is morally obligated to
The organization that I have chosen for my SLP is Wegmans, a grocery retailer in the mid-Atlantic region, based in Rochester, New York. The company has around 80 stores in the region and it has 43,927 employees. It ranked #5 on the Fortune 100 Best Companies to Work For.
I chose to do research on the birth control pill because there is many different types of birth control but the pill is the most popular one in the united states and I never knew much information on it. The purpose of this research page is to understand the history and understand why it is so important in today's society.
The principals (the shareholders) have to find ways of ensuring that their agents (the managers) act in their interests.
Wafex is a wholly owned Australian business involved in the horticulture industry since the year 1990. The company is presently Australia’s leading exporter to flower importers and wholesalers domestically and around the world, with expertise in providing Australian native wildflowers both fresh and dried varieties. Wafex’s business strategy is to be proactive in selling, with a strong customer focus, and continually looking for opportunities to add value to its services. The company and its owners are aware of the importance of exporting for the survival and expansion of the company; and also believe quality and time to market are important factors in gaining a competitive advantage in the