Corporate Governance Essay

Phenomenal growth of interest in corporate governance has emerged in recent years. The body of literature on the subject has grown markedly in response to successive waves of large corporate failures. Furthermore, there have been numerous attempts to define what constitutes ‘good corporate governance’ and to provide guidelines in order to enhance the quality of corporate governance.

Farrar, J. (2008). Corporate Governance: theories, principles and practice. 2nd ed. South Melbourne, Vic: Oxford University Press

The article is written to help readers gain a solid understanding the roles of corporate governance, both inside and outside the company. Its goal is simply to impart information, not make claims or arguments on its own. I will be judging it mainly on the sources gathered, numerous examples and explanations given and the overall effectiveness it possesses in effectively communicating its ideas.

In today’s society, women and people with different sexualities are negatively portrayed as objects and at times, unfit to make their own reproductive choices. Women all around the country are finally taking a stand towards reproductive justice. This topic of concern has been seen recently across the world, in Presidential debates, academic articles and in Cross-Cultural news. These mediums all depict how women all over the world are being deprived of their rights and reproductive choices. On the other hand, they also depict how women are reclaiming their reproductive justice and advocating for socially positive changes in the community. This case study of Reproductive Justice, will analyze these current events and articles, in order to apply

ASX’s Corporate Governance Principle is one of the main sources of regulatory and best practice guidance on corporate governance topic; its approaches are considered to build a series of standard basis to administrate corporate behavior via modernising companies’ corporate governance in order to face both Australian and international market competitions. There have been 3 editions of corporate governance principles and recommendations, modified in

Being Puerto Rican means more to me than just food but that’s where it all begins sitting at a table surrounded by loving, funny, loud family members. We love our food, music, family and religion. Being part of a small island, in this world with the biggest heart, brings me joy. When you are around any Puerto Rican you feel a part of the community instantly.

Corporate governance is a critical concept in the commercial world of today with the idea originating initially from the U.S. The importance of corporate governance is made more considerable due to the increasing influence and consequences companies have on the daily lives of individuals and making up a large proportion of economic activity. Corporate governance can be shortly described as the whole framework within which companies operate. It is most likely the case that the shareholder value principle was not the only part of corporate governance which contributed to the

This exercise highlights some interesting trends. During the same 48-year period, the latter half of the 20th century achieved a far higher ROE than in the first half. This is true in nine of the ten industries, as return of equity is an essential criterion for Dupont analysis. This obvious inter-quartile range was revealed in almost every industry. Same thing applies for the Tobin’s Q which is researched. The reason why the dramatic rise during the past twenty years is basically the popularized use of “uncorporate” public structures. This corporate governance structure has a couple of key point for being so popular including the demand by investors for greater transparency. The Tobin’s Q suggests a bigger gap between the best and the rest of companies (Ciccotello, 2015).

Corporate governance in itself has no single definition but common principles which it should follow. For example in 1994 the most agreed term for corporate governance was “the process of supervision and control intended to ensure that the company’s management acts in accordance with the interest of shareholders” (Parkinson, 1994)1. Corporate governance code is not a direct set of rules but a self-regulated framework which businesses choose to follow. This code has continued to change in the past 20 years in accordance with what is happening in the business world. For example the Enron scandal caused reform in corporate governance with the Higgs Report which corrected the issues which were necessary. Although it does not quickly fix problems, it gives a better framework to

With equity holdings around 50%, managers will have implicit control of their company, but still do not have objectives completely aligned to external shareholders. Only at very high levels of managerial holdings are incentives akin to other shareholders. When this model is applied to a large sample of firms incorporated in the UK, managerial ownership is seen to have a significant impact on corporate value. This relationship is endogenous, and consistent with Cho (1998) and Himmelberg et al. (1999), corporate value has a corresponding effect on managerial holdings. We also find that although ownership levels are affected by firm level investment, there is no evidence of the reverse occurring. In the next section we outline our model of the managerial ownership–corporate value relationship. We present empirical results in Section 3 and conclude in Section 4.

This research has opened my mind and also helped me understand to the development of corporate and its principles and how it was developed. This may sound a bit philosophical but that is how Corporate Governance has been born and developed. (The UK Corporate Governance Code, 2014)

The benefits are real and measurable. For one, good governance leads to higher market valuation. Buenaventura, a Peruvian company, managed to improve its corporate governance and the CEO estimates that these improvements resulted in an additional 20 per cent increase in market valuation. Better corporate governance also decreases the cost of capital and helps to attract and retain shareholders. Credit Suisse raised its valuation of Brazil Telecom from “hold” to “outperform” because of governance improvements.

This review intends to explain the author’s U.S. corporate governance system. Moreover, it tries to explain the system and rules for making decision of the board of directors, managers, stakeholders, and shareholders. In “A Primer on Corporate Governance”, author Cornelis A. de Kluyver, dean of the University of Oregon, provides an explanation of the American system on corporate governance. De Kluyver writes this book for students and executives who wish to enter the world of management; that includes working or dealing with a board of directions in a corporation. This book intends to expand their knowledge of management and governance. The author starts by giving a summary on the history of the U.S corporate governance system. The first part of the book shows how important it is to keep a balance of power within the corporate governance. The second part of the book focuses on the responsibilities of the board, such as selection of CEO, risk management, strategy development, unexpected events and crises. Its purpose is to inform students and future executives of the importance of corporate governance and the function of the board of directors, because it seems that most people have received little to no formal training in these subjects.

In general, the corporations work towards meeting the end goal of adding value to its shareholders and/or stakeholders, but the way this ‘value is added and who is given priority while adding this value’ depends on the ‘perspectives’ (session1 slides) corporations choose to fulfill the objective of the given corporation. Corporation structures involve executive management, board of directors and its internal and external stakeholders. The executive management are at the helm of running the company, executing strategy and managing company operations, while corporate boards are supposed to keep an ‘careful watch’ and guide executive management activity. Boards are primarily performing ‘advisory and monitoring’ functions i) by acting independently in the interest of the corporation ii) guide management by taking ‘un-biased’ stand and at times taking opposing viewpoint than the company’s management iii) select, evaluate, and compensate Chief Executive Officer(CEO) and executive management oversee succession planning(session1)iv) review and monitor company performance while minimizing company costs v) risk identification, risk mitigation and risk avoidance guidance, governance and vi) guidance to CEO and senior management around strategic and operational direction of the organization.

Everybody has memories from middle school. I remember some of my best times include playing sports. I was always trying different sports, enjoyed always moving, and loved to be with friends. Eventually basketball emerged as my favorite activity. I had a ball in my hands all the time. My Mom even let me dribble everywhere, even up and down the stair in the house. I learned the harder I worked, the better I was able to do. According to research, sports have a positive impact at three different levels: physical, psychological and social. (Eime et al, 18) I know sports help teach life lessons, such as, always stay positive, set goals, and work hard despite setbacks. These lessons really help after a freak accident ripped that part of my life away in an instant.