Who are the stakeholders? And why they should pay attention that how GAC tracks and monitors its employees? And does this situation in any way violate the concepts of fairness, honesty, and integrity?
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Who are the stakeholders? And why they should pay attention that how GAC
tracks and monitors its employees? And does this situation in any way violate the concepts of
fairness, honesty, and integrity?
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- 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.Why does a CISO need to be able to differentiate the drivers of corporate governance and IT governance? Compare and contrast corporate and IT governance from the standpoint of someone trying to explain the difference to IT personnel who may not know the corporate drivers.Which stakeholder groups are affected by the financial scandal discussed in the case? ( detail please )
- As the Chief Executive Officer of your company, you must make sure that you take care of your stakeholders and their interest. However, during this pandemic, this responsibility has become harder for you to do- 1. the shareholders are expecting more profits from the company 2. the customers are expecting lower prices of your products 3. the employees do not want to lose their job 4. the owners are expecting more stable business. Questions: 1. As a CEO, who will be your first priority stakeholder. Why?What did you learn in this terms such as Governance,Business Ethics,Risk Management and Internal Control? And How will you apply the knowledge you learned in real life situations?(a) How would you describe Black Diamond’s ethics in terms of how it treats its employees at the company’s factory partners in Vietnam, China, and Bangladesh? (5 marks – 300 words) (b) Do you think that it is appropriate for firms like Black Diamond to scrutinize its partner factories like this? Why or why not? (5 marks – 300 words)
- A) Assuming you are the company secretary of a construction firm in Ghana, what will be the ten (10) key areas regarding the roles a n d duties you will perform on the board as the company secretary and the company as a whole? B) As a company secretary, suggest to the board five (5) circumstances that may lead to the appointment of a director being terminated? C) 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.4. If your friend in Situation 2 decides to write a business plan, what advice would you give her? 5. In Situation 3, when looking into why the profits were not up to expectations, Rose discovered that Martin had been embezzling funds from the company. In addition to this problem, what other issues might have contributed to the firm's poor performance? 6. What could Rose have done in Situation 3 to reduce the chance of Martin's embezzlement? What are his options now?In its narrowest sense, corporate governance refers to the formal system of accountability of the Board of Directors of an organisation to its shareholders. In its broadest sense, corporate governance refers to the formal and informal relationships between the corporate sector and its stakeholders, and the impact of the corporate sector on society in general.With reference to this: 3.1 Explain how corporate governance is related to the strategy of an organisation.3.2 Evaluate the benefits of effective corporate governance. The points below must be developed for question 3.2 The benefits of business governance can be tabulated as follows:- Increases the value of the organisation- Nurtures a spirit of enterprise- Gives confidence to the market- Enhances the reputation of the organisation - Enhances empowerment of all stakeholders - Improves efficiency- Encourages innovation- Enhances competitive advantages- Meets financial, legal and statutory obligations.
- 1- Name two mechanisms that be used to achieve the following principle: Increase the awareness of the shareholders of their rights. 2- What is the difference between good governance and bad governance?Conclusion about Internal Auditors versus External Auditors: Who are the better advocates for Good Corporate Governance? Why? PLEASE ELABORATEIs the public is better-served by the existence of the CPSC?