Erdem Ünal 53296 LG Electronics LG Electronics Inc. is a multinational electronics company based in Seoul, South Korea. It was founded in 1958, after the Korean War, as GoldStar by Koo In-hwoi under the aim of rebuilding nation with domestic consumer electronics. Today it has operations in 118 countries and it is employing more than 75,000 people all over the world. In 2016, it recorded $ 47.9 billion sales revenue globally1. As of 2016, the shareholder composition is the following: LG corp. 31%, foreign investors 24%, domestic investors 45%2 LG Electronics has 4 main business units: mobile communications, home appliance & air solution, home entertainment and vehicle components. LG has different web pages for each regions …show more content…
Corporate responsibilities to employees: respect for human dignity, fair treatment, promoting creativity. Chapter 6. Responsibilities to society and the country: rational business development, protection of stockholder interest, contribution to social development, environmental conservation Board of Directors of LG Electronics LG electronics has lots of subsidiaries including small (local ones) and giants (LG display etc.) They have their own board of directors. Here, we will see the board of directors of LG electronics. Board of directors are published at investor relations page of the global web site of the company. There are basically 3 committees: Management committee, audit committee and outside director candidate recommendation committee. Management committee: responsible for review and determination of management issues. It has 3 directors; 2 of them are executive and one is non-executive. Audit committee: responsible for audit of financial and accounting records. It has 3 outside …show more content…
There are no M&A activities on the web either (after 2010). Erdem Ünal 53296 However, at the end of 2016, LG Electronics merged its german branch (situated in Ratingen) and european headquarter (situated in London) together in Eschborn a suburb of Frankfurt am Main.5 My thoughts I’m sure the board members of the LG electronics are qualified people. However, since LG is one of the greatest company of the world, I expected to see CV’s which are full of past experiences at different companies or at different sectors. Although it gives some sense of family company, we see that the BoD are not traditionally organized at all. On the other hand, BoD seems very nationalist, I would have expected to see some foreign directors at an international company. I do not have much information about the effects of board members on the operations of companies. However, since the grandson of the founder of the company is on the board, it is not surprising that BoD has a huge effect on the operations. 5
1. Member Board of Directors – Each Director serves for three-year terms and may be reelected. There are 21 members currently serving on the Board.
The Board of Directors consisted primarily of Gerry Wiegert, John Pope, and Barry Rosengrant. Gerry was the President, so it was typical for him to be a part of the board. John Pope was a financial consultant; therefore, he was adequate to be the financially literate person on the board. Barry was in real estate, but he was a consultant of Vector Car which gave him some knowledge of the company. Dan Harnett and George Fencl were also a part of the board for some point of time; they also had adequate knowledge to be capable additions to the board with their knowledge of law and
Common stockholders are the basic owners of a corporation, but few stockholders of large corporations take an active role in management. Instead, they elect the corporation’s board of directors to represent their interests. Board members seldom get involved in the day-to-day management of the company. They establish the basic mission and goals of the corporation and appoint
Board of Directors – are responsible for overseeing the activities of Innovative Widgets so that the company meets the expectations of our founder.
Scott Ford (Member of the Board of Directors) Laura Tyson (Member of the Board of Directors) Matthew Rose (Member of the Board of Directors) Michael McCallister (Member of the Board of Directors) Cynthia Taylor (Member of the Board of Directors) Beth Mooney (Member of the Board of Directors) Glenn Hutchins (Member of the Board of Directors) William Kennard
Chairman is now on the Board of Directors, and Dave Goebel is the President and Chief Executive Officer.
experience in marketing. Also, nepotism was part of the company culture. For example, all the board
Most of them have been working and responsible for different departments in Daimler (Daimler AG 2013). The Supervisory Board which monitors and advises the Board of Management with regard to its management of the Company has twelve out of twenty outside directors, who are accountable for focal positions in big corporations such as Deutsche Bank Foundation, Nokia Corporation, Nestle, Avon, IG Metall, etc.
Samsung Electronics Co., Ltd. is a South Korean multinational hardware organization headquartered clinched alongside Suwon, South Korea. Samsung Electronics is a part of the main Samsung Group, representing 70% of the total income. It is the world's second greatest information advancement association by income, after Apple. Samsung Electronics has gathering plants and deals systems in 80 nations and utilizes around 370,000 individuals. It is the world's biggest maker of cell telephones and cell phones powered by the fame of its Samsung Galaxy line of gadgets. Samsung Electronics dislodged Apple Inc. as the world's biggest innovation organization in 2011 and is a noteworthy part of the South Korean economy. Samsung Electronics has 144 united subsidiaries from claiming which
To this date Samsung are dedicated to the 3G industries. Making video, camera phones at a speed to keep up with consumer demand. Samsung has made steady growth in the mobile industry and are currently second but competitor Nokia is ahead with more than 100% increase in shares. (http://www.samsung-mobiles.net/history-of-samsung.html)
WorldCom’s board of directors was comprised mostly of “former owners, officers, or directors of companies acquired by WorldCom” (Kaplan and Kiron, 2007 p. 10).
Samsung Electronics Company (Samsung Electronics or “the company”), a part of the Samsung group, is one of the leading
Within CIB, The Board of Directors (BOD) (see exhibit 1) is responsible for providing leadership and guidance in terms of a providing a strong strategy and controls to deliver value to all stakeholders; shareholders, employees and the entire community included. The BOD includes Mr. Hisham Ezz Al-Arab as Chairman and Managing Director, whom joined the CIB team in 2002. The board is divided into eight separate committees; Audit Committee, The Governance and Compensation Committee, The Risk Committee, The Management Committee, The High Lending and Investment Committee, The Affiliates Committee (AC), Sustainability Advisory Board and The Operations and IT Committee. Each committee is responsible for a specific function (see exhibit 2).
The phone industry in India of LG and SAMSUNG is one of the key success drivers of any growing economy and henceforth one of the world’s most important revenue generating sector. This industry has a wide range of organizations and companies which are engaged in the design, manufacturing , and selling of the products. It helps the improvement in various infrastructure facilities such as rail, road and power, thus playing a vital role in the rapid growth of the economic and industrial development. The Phone market is growing at a healthy pace because of the comparison with increasing levels of customers in india with respect to different companies in the larger phone markets of the world. Worldwide, the phone market has not only been focussing on manufacturing but also towards ensuring that one 's products are superior in terms of quality.