Human Resource Management : A Study For C Company And Company Of Small And Medium Size Enterprises  Sme

Corporate governance is a set of actions used to handle the relationship between stakeholders by determining and controlling the strategic direction and performance of the organization. Corporate governance major concern is making sure that the strategic decisions are effective and that it paves the way towards strategic competitiveness. (Hitt, Ireland, Hoskisson, 2017, p. 310). In today’s corporation, the primary objective of corporate governance is to align top-level manager’s and stakeholders interest. That is why corporate governance is involved when there is a conflict of interest between with the owners, managers, and members of the board of directors (Hitt, Ireland, Hoskisson, 2017, p. 310-311).

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

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.

Human Resource Management (HRM) is the terminology used to illustrate formal systems devised for the management of people within an organization. It is the method of managing an organization or company that is directly related to the employees of that particular organization. The success of a business often rely heavily on the performance of managing human resource. Maximizing the desires and benefits of an organization and helping a business grow by rewarding employees to help motivate and push them in their performance is one of the main aim of HRM. By doing this, it will have a positive impact on both the company and it’s entire organization.

Corporate governance introduces structure where accountability and control of corporations are put in place. It is concerned with how corporate entities are governed as distinct from the way the company is managed. There is both self and legal regulation in the guideline of corporate

A decade ago, the term 'corporate governance' was barely heard. Today, it's like climate change and private equity, corporate governance is a staple of everyday business language and capital markets are better for it (ASX 2010). Therefore, corporate governance can be defined as a term that refers broadly to the rules, processes, or laws by which businesses are managed, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces such as consumer groups, clients, and government regulations (Farrar, 2009).

CORPORATE GOVERNANCE................................................................. 7 2.1.1. Corporate Governance ...................................................................... 7 2.1.2. History of Corporate Governance ...................................................... 7 2.1.3. Corporate Governance Structures ..................................................... 8 2.1.4. Good Corporate Governance............................................................. 9 2.1.5. South Africa ....................................................................................... 9 2.2. THE ABSENCE OF GOOD CORPORATE GOVERNANCE................... 11 2.2.1. Management.................................................................................... 11 2.2.2. Enron ............................................................................................... 12 2.2.3. WorldCom........................................................................................ 13 2.2.4. Leisurenet........................................................................................ 14 2.2.5. Detection of Fraud ........................................................................... 14 2.3. SARBANES-OXLEY AS A RESULT ....................................................... 15 2.3.1. Introduction to SOX ......................................................................... 15 2.3.2. The Impact of

The main reason to developing Corporate Governance is the protection of investors. Investors need not only reliable financial information, but also corporate governance information to be protected against unethical and dishonest behaviour by management or directors. Corporate Governance is the system which checks and balances both internal and external to companies. Besides, it meritorious to ensure that companies discharge their accountability to all their stakeholders. Moreover, Corporate Governance also acts in a socially responsible way in all areas of their business activity. (Solomon 2013). Thus, it is vital to analysis a company’s behaviours and evaluated its performance in Corporate Governance. (Monks. R and Minow N corporate governance 2009)

This essay will investigates and critically analyses the concepts of corporate governance. The first chapter talks about the fundamental and the principles of corporate governance whilst the second and third chapter talks more about corporate governance for my chosen companies. (The UK Corporate Governance Code, 2014)

Corporate governance can be defined as the process, customs, laws by which the affairs of a company are managed and controlled it also

Corporate Governance is the set of relationships between a company’s shareholders, board, the executive management and other stakeholders. The conflict of interest between these parties has resulted in what is called the agency problem, which arises from the separation of ownership and control at a corporation. Good corporate governance practices attempt to resolve the agency problems by aligning the interests of managers and shareholders. The same corporate governance is not followed by all countries; it differs according to the culture, practices, legal, and history, economic and social environment. Each company follows its own procedure for governing on the lines of the model given by the country. Corporations today have laid down the policies of CG in their own manner as a result of which an important question is whether standard CG can be established and achieved at a global level. In each country, the corporate governance structure has certain characteristics or constituent elements, which distinguish it from structures in other countries. CG component factors can be classified into three groups those related to top management organization, the board as whole or shareholders, and stakeholders.

Most of the literature on corporate governance finds its roots in agency theory the relationships normally occurs when the principal hires the agent to perform a service on the principals ' behalf. the decision making authority is delegated by the principal to the agent.However the relationship between the principal and the agent can not be as simple and smooth as it appears (Theory of Mallin, 2010).

From 1986 until now and more than 25 years from DOI MOI, the policy of multi-sector economy has implemented, Vietnamese enterprises have formed and developed very fast, very strong in Vietnam, widely available across the country and in all economic sectors. With the rapid growth in the number and scale of development, corporate governance (CG) becomes a factor attracting huge attention from the business and corporate law makers. Business environment is being improved leading to the corporate governance framework also builds complete. Vietnam’s CG has been recognized by the world is consistent with the requirements and principles but common CG activities in

.The study report is organized into five chapters. Chapter 1 covers the introductory issues. Chapter 2 covers the definition and concept of Corporate Governance. Chapter 3

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 of directors, and company’s management) in shaping corporation’s performance and the way it is proceeding towards. The relationship between the owners and the managers in an organization must be healthy and there should be no conflict between the