Setting And Enforcing Clear Lines Of Responsibility Essay

In many situations in my life, I have been personally accountable for my actions. Every part of being who I am has something to do with morality. Being responsible and accountable for what I do is something I take very personally. It is a key point in my personality and a critical part of being part of the US Army.

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

This essay I am going to write is about the importance of accountability in the army, and as to how it affect the units mission. First off by definition "Accountability is important in the military because soldiers are often times required to perform extremely challenging duties and services. Without accountability, a soldier cannot be expected to meet these high demands and expectations". Being accountable means being in the right place at the right time, being in the proper duty uniform, being dependable and always arriving to work on time, appointments on time and most importantly doing the right thing at the right time and all the time. One of the most important parts about being accountable is so that you do not miss any important

Due to my recent troubles at work I have been counseled twice in the past several weeks. This has given me a lot of time to reflect at the way I have really presented myself in the Army thus far. I have not always been the best Soldier that I could have been during most of the time I that I have been in so far. Thinking about this does bother me, it means that I could be trying harder to get ahead and better myself as a Soldier and a person. Lets say for example I have been late to work twice in the past several weeks not only to include missing a pt formation altogether. I did this by not ensuring that i had met alo of my neds to ensure that i woudl wake up in the morning. But by doing

Personal responsibility to me means taking accountability for your own actions, Making a commitment and sticking to it. In order to be a success in college, you have to apply your life learned lessons to the equation, to balance both school and out of school priorities. Because You are responsible for the choices you make, you are ultimately responsible for your success. Becoming a master organizer and learning how to manage your time efficiently, will help you achieve your goals. Taking responsibility for all that happens while you are in college will help you prevail in areas, where you may have lacked confidence. Critical thinking and a desire to succeed will help you accomplish your goals.

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.

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.

This essay will be about the importance of keeping the accountability of sensitive items. The US Army values soldiers that are accountable for their actions. The accountability of sensitive items affects the unit in many ways. AR 710-2 and AR 735-5 both cover the Army policy for property accountability. Some sensitive items are your weapon, military ID card, commo equipment, etc. Sensitive items are anything that can be used by opposing forces or the enemy to counter attack, weaken forces, and gain intel, and so on. People will sometimes get relaxed (complacent) or forgettable while not currently in a mission. If this happens it is very dangerous due to the fact that enemies are able to obtain any and possibly all of your sensitive items

This was a very interesting article, in my opinion it brings to mind the derived phrase, which came first the chicken or the egg. Meaning, is corporate governance an attempt to control the results of unethical practices of corporations or is it meant to deter them. In reading this article, it is clear that certain corporations practiced unethical business behaviors for self-interest, but the questions this author have are: 1. Should corporate governance be regulated by the legislature as well as the organization and to what degree, 2. Is corporate governance, there to protect the shareholder or the stakeholder, 3. How effective is corporate governance on a global level. The need for a governance system is based on the assumption that the separation between the owners of a company and its management provides self-interest executives the opportunity to take actions that benefit themselves, with the cost of these actions borne by the owners (Larcker & Tayan, 2008).

I am in a unique and fortunate position as co-owner of my organization. My role encompasses many areas from administrative, financial all the way to facilities management. My “felt responsibility” is very strong as I have much at stake in a very personal and emotional manner. Our organization’s name is Reddy Medical Group, which carries my name. This in itself brings be much pride, however, along with this, tremendous responsibility. In the small community that we serve, our reputation is of immense gravity to me. The difference in the term accountability to felt responsibility lies in this feeling that cannot be bought. Accountability is a way to cover yourself and/or defend yourself so that you cannot be held liable. In my case, I would be where the “buck stops” and feel not only accountable but truly and ultimately responsible.

It is important to note first, what accountability is. I will state why it is important as well as go over scenarios in dealing with accountability.

Corporate governance refers to ‘the ways suppliers of finance to corporations assure themselves of getting return on their investment’ (Shleifer and Vishny, 1997: 736). Corporate governance discusses the set of systems, principles and processes by which a

An important function of the accounting field is to provide external users of financial statements with assurance that the financial information being presented is both reliable and accurate. This basic function of accounting is so important that there is an entire field of experts, called auditors, dedicated to assuring its proper performance. Throughout history there have been many instances in which the basic equilibrium between an institution and current/potential investor has been threatened due to a lack of accountability and trust between the two parties. This issue has been the catalyst for many discussions regarding the proper procedures a firm should follow in order to provide

The purpose of this paper is to highlight the role of external auditing in promoting good corporate governance. The role of auditors has been emphasized after the pass of the Sarbanes-Oxley Act as a response to the accounting scandal of Enron. Even though auditors are hired and paid by the company, their role is not to represent or act in favor of the company, but to watch and investigate the company’s financials to protect the public from any material misstatements that can affect their decisions. As part of this role, the auditors assess the level of the company’s adherence to its own code of ethics.

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