Comment on the composition of the supervisory board in Volkswagen. Piëch became the chairman of the supervisory board right after he stepped down from his position as CEO. Are there any corporate governance issues that could arise from such a transition? Explain.
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- Comment on the composition of the supervisory board in Volkswagen. Piëch became the chairman of the supervisory board right after he stepped down from his position as CEO. Are there any corporate governance issues that could arise from such a transition? Explain.
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- 1. As a company secretary, suggest to the board five (5) circumstances that may lead to the appointment of a director being terminated? 2.Ghana was not long ago in the news as a result of the collapse of some commercial banks. The reasons for the collapse were attributed to weak governance structures among others. There is a new bank which is about to be set up in Accra. As a corporate governance consultant, suggest to the directors five (5) ways in which the application of Corporate Governance Principles will be beneficial for the new bank.You are a manager in a renowned textile group; during the routine audit, you come to know some financial fraudulent activity/practice, which is very harmful for financial health of the business. You reported presented this financial malpractice to Board of Directors, Board of Directors decided to probe/investigate the matter and directed you to hire an external auditor and conduct a forensic audit. Being a manager, what qualities would you seek in external auditor to conduct a successful audit?The advent of professional managers was accompanied by skepticism regarding their trustworthiness and ethics in controlling large corporate assets on behalf of the shareholders. Today, this skepticism remains and has changed little since the founding of the managerial class a century ago, and new laws concerning appropriate governance, such as Sarbanes- Oxley, continue to be introduced. Why has this skepticism remained so strong?
- Subject : Accounting In your opinion and your review of Committee of Sponsoring Organizations of the Treadway Commission (COSO), which control do you feel should be a priority to protect those assets? Please answer using 100 words or more.Analyze the decline of the value of the General Electric Corporation stock as it relates to a series of poor managerial decision-making and the impact those decisions had on the stock value. What caused the decline...was it due to any of the following?: i.Revenue Decline? ii.Goodwill Impairment? iii.Reckless Acquisitions? iv.Too much Debt?how could the Enron scandal be avoided? a. Introducing Minority shareholders incentives b. Increasing cost of minority shareholders incentives c. Introducing Majority shareholders incentives d. None of them
- In relation to Corporate Governance, select the most accurate statement: Corporate Governance refers to... Select one: 1.the need for companies to be managed in a way that is transparent, and ensure accountability for wrongdoings 2.All of the above 3.the need to shift the focus of corporate behaviour, from being purely focused on protecting the interests of company shareholders, to ensuring protective measures are taken to benefit all stakeholders of the company 4.None of the above 5.the way companies are directed and managed to ensure that companies are controlled in a manner that most efficiently protects and promotes the interests of their participantsCorporate raiders may now style themselves as "shareholder activists" but firms are no less worried. .Mr Bilzerian describes American corporate management in the 1980s as "uniformly horrible.". Companies had no regard for their shareholders, he says: "In 1985, Mr Icahn took over Trans World Airline, the now defunct American airline. He loaded it with debt, sold its most valuable flight routes and ground the airline into bankruptcy. He acquired a reputation of a corporate raider. By undertaking a hostile takeover, he generated substantial returns on his investments. A few high-profile raiders became famous in the 1980s making big profits for themselves but causing unrest and unemployment. Based on the case let, explain the concept of corporate raider by explaining how they operate, underlining their motive. Are they a necessary evil?ExplainWhat aspects of Rakefet’s background or experience would prepare her for the CEO role? If you were on the search committee for a new CEO to lead Bank Leumi, why would you choose Rakefet?
- Please no written by hand solution According to an opinion column in the Wall Street Journal, "Directors need to be held more accountable when they fail to set the proper tone at the top, and right now there is almost no consequence for most governance failures."Source: Ronald Barusch, "CBS and the Need to Hold Directors Accountable," Wall Street Journal, September 16, 2018. Part 2 a. What is the key principalagent problem that exists in some corporations? A. The firm's top managementthe agentsmay pursue their own interests rather than the interests of the firm's customersthe principal. B. The firm's top managementthe principalmay pursue their own interests rather than the interests of its workersthe agents. C. The firm's top managementthe agentsmay pursue their own interests rather than the interests of its shareholdersthe principal. D. The firm's shareholdersthe principalmay pursue their own interests rather than the interests of the firm's top managementthe agents.…After searching for following information online: a.WorldCom fraud b.Background of the CEO, Bernie Ebbers c.How WorldCom’s market capitalization grew to one of the largest firms in the US d. Information on the trial and related court testimony that convicted Bernie Ebbers e. The internal audit team’s role in discovering and reporting the fraud to the Board of Directors, and f. The role WorldCom's Controller played in the fraud. Question 1: The Fraud Triangle consists of perceived pressure, perceived opportunity, and rationalization. Based upon the research performed, how does the fraud triangle applies to the following players in this fraud: - Bernie Ebbers, the CEO - WorldCom's Controller Question 2: During court testimony, in what ways did Bernie Ebbers try to rationalize his behavior as CEO of WorldCom while this fraud was being perpetrated? Describe and specify how Ebbers attempted to rationalize his behavior and your thought or thoughts to his rationalization testimony.Prepare a statement for Mr Tsakos, the chief executive, to read at the EGM to address the following areas. (i) An explanation of the roles of the chief executive in managing the issues described in the case at Bobo Company; (ii) A defence of the company’s decisions on the Bobo Foo from a ‘pristine capitalist’ ethical perspective (using Gray, Owen & Adams’s framework).