Report on Christian Dior

Corporate governance is the way in which a company is directed and lead through certain rules, practices and processes. Corporate governance goes hand in hand with King Codes. This is all about Accountability and Transparency. Before 1994 there was no governance.

Christian Dior was founded on December 16, 1946 in Paris, France, by a couturier bearing the same name and backed by French fabric expert, Marcel Boussac. On February 12, 1947, Christian Dior presented his first collection to the world creating a new era of fashion and beauty. This collection was beyond expectations and amassed a following ranging from European Elite to Hollywood starlets (“Story of Dior”). In 1948, Dior established a luxury ready-to-wear house in New York City, the first of its kind, beginning the company’s international expansion. By 1949, Dior made up 75 percent of Paris fashion exports and five percent of all French export revenues (“Story of Dior”). During the 1950s, General Manager Jacques

Corporate governance is the set of processes, customs, policies, laws and institutions, which directed, administered and controlled over the corporation (Monks & Minow, 2008). Corporate governance is a way by which a company governs itself for providing the values to their stake holders. The WorldCom did not follow the corporate governance policy. If the WorldCom would have followed the corporate governance it would have not led towards this business failure and company would have not gone for the unethical practices conduct in the organization. Corporate governance would have increased the faith of stakeholders towards the company and company would have survived for long time (Monks & Minow, 2008).

At 17, Yves showed his sketches to Michelde Brunhoff, which is the director of French Vogue and put out numerous of them instantly. Yves took over after Dior's passing in 1957. Yves Saint Laurent tossed his first assortment for the corporation, the Ligne Trapéze, that year, after taking office as art executive for Dior . It was a unqualified achievements and gained him a Neiman Marcus Oscar. After finishing National Service, Yves Laurent fixed up his own fashion dynasty with Pierre Bergé in

As part of Future Strategic Plan, the intention is to put up several village format stores that will focus on Fashion and Beauty. For additional portfolio, David Jones added 85 new brands that includes Valentino, James Perse, Gary Bigene, Viviene Westwood, Paul & Joe Sister and Nicholas Kirkwood.

For France, the corporate governance is much more influenced by different stakeholders because they exert a strong power, it is a fact of life. When they disagree, employees go easily on strike, suppliers can interrupt a production and at the same time there is the growing pressure of foreign investment to attract. It all hinges on the question whether this kind of corporate governance can find a balance.

Chapter 1 Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Corporate governance is as guideline of principles systems and processes by how companies should be directed and controlled so as to achieve their goals and objectives, known as the agency

1. What does corporate governance refer to? a) The entity or government code of ethics b) The government of the day assisting companies with their corporate governance strategies c) The direction, control and management of an enterprise d) The actions of the shareholders (owners) of an enterprise

Exemplification is always needed to support argument or opinion and generally it was offered. One question,

Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Corporate governance is a process or structure implemented in order to properly direct, manage and control the business in both non-moral and moral sense. Non-moral practice of effective corporate governance includes efficient strategic planning and decision making, appropriate resource allocation and hiring and managing productive workforce. Meanwhile in moral sense of effective governance the corporation has to achieve transparency, fairness and honesty between board of directors, management and other parties involved in business. http://www.uniassignment.com/essay-samples/accounting/what-is-good-corporate-governance-accounting-essay.php ). Poor corporate governance in terms of its non-moral sense can cause higher risk and lower return, while

53 Intermediate ................................................................................................................................................................................. 54 Advanced ..................................................................................................................................................................................... 55 Options and Derivatives ................................................................................................................................................................... 56 Basic ............................................................................................................................................................................................ 56 Intermediate ................................................................................................................................................................................. 59 Advanced ..................................................................................................................................................................................... 61 Mergers and Acquisitions ................................................................................................................................................................. 63 Basic

I also would like to great thanks to our Module lecturer, name for guiding me throughout this report and giving me endless support which really helped me through the completion of this report.

(Fernando, 2009) According to Cochran and Wartick (1988), corporate governance is an umbrella term that covers many aspects related to concepts, theories and practices of boards of directors and their executive and non-executive directors. Corporate governance concentrates on the relationship between boards, stockholders, management regulators and other stakeholders. (Maaseen, 1999) Monks and Minow (1995) define corporate governance as a relationship among various participants in determining the direction and performance of corporations. According to the World Bank, corporate governance is the blend of law which enable the corporation to attract financial and human capital, perform efficiently and thereby perpetuate it by generating long-term economic value for its shareholders while respecting the interest of stakeholders and society as a whole. The principle characteristics of an effective corporate governance is transparency; the disclosure of relevant financial and operational information and internal processes of management. More characteristics of efficient corporate governance involves protection and enforceability of the rights