Corporate Governance Essays (Examples)

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Corporate Governance
Explain how external auditing helps ensure good corporate leadership

Corporate leadership is simply the processes and policies via which a firm manages its traditions, finances and institutions. Corporate leadership is important as it enhances workplace honesty and impartiality in firms and organizations. It achieves this via thorough output monitoring and enforcement of accountability in all sectors. One of the most important specialists which strengthen the resolve of corporate leaders in following good governance habits is an external auditor.

An external auditor's main function is to ensure the firm's shareholders do not suffer any unnecessary losses. As an external auditor has no affiliation with the company, this objective is easily met. Determining the health of a firm's finances and the accuracy of previous financial statements are also functions of an external auditor. An audit gives the shareholders rest of mind over the firm's true condition and sometimes, they ask for the auditor's….


eliability & Validity

The key will be to find reliability and validity. eliability, of course, is the concept that if someone else does the same exact research in the same exact way, the research conclusions drawn will be close to if not entirely identical. Validity is similar in that the conclusions met have to be directly applied and ascertained based on the data that actually exists and not based on the exclusion of viable but clearly contradictory data and/or coming to conclusions that the data clearly does not support. For example, a study that makes a conclusion based on sheer numbers, rather than proportions and percentages of the relevant groups, is almost certainly flawed even if the conclusions drawn are certainly correct as that would be a clear validity problem. A reliability problem would be a study done in much the same nature but perhaps has different sources but comes to….

Corporate Governance of Commonwealth Bank:
Australia's Commonwealth bank is a multinational bank with operations across the United States, United Kingdom, Asia, Fiji, and New Zealand. The bank provides various financial services including superannuation, broking services, investment, retail, business and institutional banking, and insurance. The financial institution is currently regarded as the country's second largest organization listed on the Australian Securities Exchange. Together with National Australia Bank, ANZ, and Westpac, Commonwealth bank is among the biggest four banks in Australia. The bank's strategic and business goals that form its aspirations are rooted on four major aspects i.e. customers, people, shareholders, and the community. For its customers, the company seeks to provide service experience that they value and recommend. On the other hand, Commonwealth bank seeks to offer safe, challenging, fair, and rewarding tasks to all it employees and people. In addition to being an active participant that contributes to a stable financial….

Corporate Governance
Two different, yet related corporate governance definitions have been presented in this paper (Mallin, 2006: 3). Sometimes they cause confusions and controversy and ultimately affect the implementation of tightening of governance (Windsor, 2009).

The 1992 Cadbury eport, which presented the major proposals for tightening governance, described governance as the system through which firms are managed, regulated and supervised (Cadbury, 1992: 15). The fundamental agency idea emphasizes that corporate governance has to deal with those ways in which corporate financial suppliers guarantee themselves of attainment of a positive return on investment (Shleifer and Vishny, 1997: 737). Corporate Governance can be described more generally (Weil and Manges, 2002: 1). The OECD principles, which were revised in 2004 explain the governance as a set of stakeholder job relationships along with the structure for defining, achieving, and monitoring corporate goals as well as performance (Mallin, 2006: 3).

The mixture of these two definitions directly affects….

Corporate Governance: A review of Literature
What is Corporate Governance?

Principles of Corporate Governance

Theoretical foundations of corporate governance

Agency theory

Stewardship theory

Stakeholder theory

Post-Enron theories

Corporate Governance: The changing trends

Recent developments on regulatory front and research

Corporate Governance: Relationship with market indicators

Venture Capital Model: Impact on Corporate Governance

Appendix I- Examples of Corporate Governing bodies

This paper is a review of pertinent literature on corporate governance. Corporate governance addresses the control issues created due to the separation of ownership and management of a corporation.It is generally considered as the means by which shareholders control the board of directors.Corporate governance maintains relationships between board of director, stakeholders and shareholders. Every relationship has high significance and multi-faceted aspects. OECD considers corporate governance as a framework dealing with the problems resulting from the separation of ownership and control of a corporation. Precisely stating, Du Plessis, et al. (2010) defines corporate governance as the system of regulating and overseeing corporate conduct and of….

Corporate Governance in Harris Scarfe:
Harris Scarfe Department Stores is a company that was founded in 1849 in Adelaide, South Australia and housed various major South Australian department stores. The history of the organization is traced to a period when the founding partners John C. Lanyon and George Peter Harris arrived in this region to institute an ironmongery and hardware business. In the initial years, the company carried out its business activities i.e. retailing business in its premises in Adelaide. However, the firm also manufactured several leather products such as luggage and saddlery. In the early 2000s, Harris Scarfe was among some of the companies that collapsed and shocked the Australian society. The collapse was attributed to corporate scandals and accounting irregularities that made the company to be on the brink of facing administration.

Collapse of Harris Scarfe:

In 2001, the suppliers and customers of the company as well as a huge portion….

Corporate Governance
Identify the corporate governance problems leading up to the corporate scandals of the early 21st century. Which of these problems might McBride fall prey to if Hugh does not accept your proposed solution?

Corporate governance has provided its fair share of publicity over the past decade. Most of which was a result of foul practices on the part of management, while some was due to a genuine interest in investor well being. Many issues of corporate governance have led to many of the scandals that have been publicized in recent years. Below is list of many of these practices and how they subsequently affect business on a global scale. This list is by no means exhaustive but I do believe it provides significant information as to why some of the scandals of recent years have occurred.

Management as owners vs. Management as representatives- This statement may seem one in the same….

Corporate Governance Sustainability
During the last several years, the issue of corporate governance has been increasingly brought to the forefront. This is because the financial crisis exposed the weaknesses of the current system by: failing to protect the interests of stakeholders. In response to these challenges, various reports have been reexamined. One of the most notable is the King eport of 2002. It identified several different criteria that can be used to prevent excessive risk taking. To fully understand how these ideas can be implemented in a corporate environment requires examining the recommendations provided with an actual firm (i.e. Galaxo Smith Kline PLC). Once this takes place, is when the positive and negative elements of these practices will be obvious.

The King eport of 2002

The King eport found that one of the most effective strategies for improving governance is to embrace practices that are reducing risk. The best way to achieve these….

Governance and Ethics
Corporate Governance & Ethics

Dr. Doight is the highly respected executive at Universal Human Care Hospital. He and Universal both stand to lose a great deal if it leaks out that patients have been dying due to lack of internal controls and simple negligence. Not only have patients been dying, but it has been going on for at least two years and while Dr. Doight has been fully aware that problems exist. The implications are far-reaching and substantial.

Stakeholders

A corporate stakeholder is anyone who can affect, or is affected by, the performance and health of a business (Fiedler & Kirchgeorg, 2007). There is a litany of internal and external stakeholders that stand to be impacted greatly depending on how this negligence matter turns out. One group of stakeholders is the employee base at the hospital. While some of them are actively contributing to the problem at hand, most of them….

(Millstein, 2005)
Since United States and Australia are countries which are already considered to be globally competitive that has attained its almost perfect status in the world market, developing countries are basically taking into account every step that they make for which they might soon adapt to attain the same position in the global context. Therefore, studying both countries' corporate governance is necessary in order for other developing countries to learn from their experiences.

Similarities and Differences of U.S. And Australia's Corporate Governance and Responsibility

Global trends in the corporate governance made the countries more or less similar when it comes to their responsibilities concerning the issue. Not only in the implementations did these countries have become similar, but even with the different issues involving controversies and failures connected to corporate governance as well.

These failures have further stimulated the debate about corporate governance, leading to regulatory action and other reforms. One of….

How Nigerians Can Influence the Change We Desire Introduction
There is a general belief that poor corporate governance has been the vulnerable point of numerous companies in both developing and developed countries. This is especially the case with Nigeria, where in spite of being vastly blessed with resources such as oil and a huge labor force, continued to be adversely impacted by corruption. Good governance is a significant step in facilitating market confidence and boosting stable, long-standing global investment flows into the nation. Bearing in mind the business companies are progressively more significant drivers of creating wealth and development, not just in the local economy but also internationally, it is key for Nigerian companies to function within the benchmarks that keep them concentrated on their objectives and make them culpable to stakeholders for the actions and decisions they make.
Definition of Corporate Governance and its Role
The significant necessity for corporate governance emanates owing….

Governance Codes: Germany, Denmark, France and Italy Although all four nations are members of the European Union and share notable similarities in their capitalist economic structures, Germany, Denmark, France and Italy also have historically exhibited some distinct differences in their corporate governance. For example, much like in the United States, in Germany and Italy the CEO and Chairman of the Board of directors is often the same figure, to ensure coherency of policies; in Denmark and France, these are usually fulfilled by different functionaries to ensure greater independent oversight and presumably more ethical independence of the board when advancing the interests of shareholders (Vintila & Raluca, 2015). German firms also have historically had a two-tier corporate board governing them, versus France and Italy, where corporations have a choice of one or two-tier levels of corporate governance (“Comparative Corporate Governance,” n.d.). But according to Baker (2006), although there has been considerable diversity….

Board GovernanceIntroductionIn order for an organization to achieve good outcomes, its board should be characterized by good governance. Good governance often includes characteristics such as accountability, diversity of representation in the board room, the ability to develop a consensus view, transparency, application of the rule of law, and understanding that the board bears responsibility to both shareholders and stakeholders. Essentially, boards are complex, but they exist for a simple reasonto ensure an effective organization (Bowen, 2008). This paper will explain why boards are need, what their functions are according to Bowen (2008), what boards should consider in effective governance, what their basic duties are and why they are important, how CEO and board roles relate to effective leadership of the board, the importance of Sarbanes-Oxley, and the important aspects of board machinery.Why Boards?Boards are helpful when they are comprised of individuals who provide expertise and guidance for organizations that lack….

Introduction Most companies in Mexico are family businesses just like is the case in most of the developing world. Legally, companies in Mexico must have either a collegiate or a unitary board structure. The countries General Law of Commercial Companies states that a limited company must have either a board of managers or an official sole manager, and that a stock corporation must have either a board of directors of an official sole director (Morales-Barrón). The same law states that a publicly-traded firm has to have a CEO (chief executive officer) and a board of directors. The board functions primarily through committees of directors dealing with various corporate and audit functions. The head of the board is almost always a chairperson, and the board members are appointed by shareholders in special shareholder meetings. Boards often appoint a treasurer and a secretary. This work looks at the structure and role of directors….

Introduction The two board system of directors theoretically presents a way for greater accountability and oversight in corporate governance. The system was developed in Germany with the idea being to have a supervisory board over the management board, the members of the former elected by shareholders. In functional terms, however, the supervisory board can be involved in long-term decisions that impact the corporation—so it is not entirely accurate to define this board as being focused on accountability and oversight (Proctor, 2002). This paper will discuss the structure and role of the two board system of directors, how the board has evolved and what the greatest challenges are facing it.
The Two Board System
The structure of the Board of Directors of the two-board system as used in Germany came about as result of that nation’s preference for a more inclusive form of governance that combined oversight with representation (Owen, 2003). The two-tiered board….

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5 Pages
Term Paper

Business

Corporate Governance

Words: 1671
Length: 5 Pages
Type: Term Paper

Corporate Governance Explain how external auditing helps ensure good corporate leadership Corporate leadership is simply the processes and policies via which a firm manages its traditions, finances and institutions. Corporate leadership…

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12 Pages
Research Proposal

Government

Corporate Governance Much Has Been

Words: 3011
Length: 12 Pages
Type: Research Proposal

eliability & Validity The key will be to find reliability and validity. eliability, of course, is the concept that if someone else does the same exact research in the same…

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8 Pages
Essay

Business

Corporate Governance of Commonwealth Bank Australia's Commonwealth

Words: 2179
Length: 8 Pages
Type: Essay

Corporate Governance of Commonwealth Bank: Australia's Commonwealth bank is a multinational bank with operations across the United States, United Kingdom, Asia, Fiji, and New Zealand. The bank provides various financial…

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10 Pages
Research Paper

Business

Corporate Governance Two Different Yet Related Corporate

Words: 3052
Length: 10 Pages
Type: Research Paper

Corporate Governance Two different, yet related corporate governance definitions have been presented in this paper (Mallin, 2006: 3). Sometimes they cause confusions and controversy and ultimately affect the implementation of…

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20 Pages
Essay

Business

Corporate Governance A Review of Literature What

Words: 6769
Length: 20 Pages
Type: Essay

Corporate Governance: A review of Literature What is Corporate Governance? Principles of Corporate Governance Theoretical foundations of corporate governance Agency theory Stewardship theory Stakeholder theory Post-Enron theories Corporate Governance: The changing trends Recent developments on regulatory front and…

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10 Pages
Essay

Business - Management

Corporate Governance in Harris Scarfe Harris Scarfe

Words: 3103
Length: 10 Pages
Type: Essay

Corporate Governance in Harris Scarfe: Harris Scarfe Department Stores is a company that was founded in 1849 in Adelaide, South Australia and housed various major South Australian department stores. The…

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7 Pages
Essay

Business

Corporate Governance Identify the Corporate Governance Problems

Words: 2570
Length: 7 Pages
Type: Essay

Corporate Governance Identify the corporate governance problems leading up to the corporate scandals of the early 21st century. Which of these problems might McBride fall prey to if Hugh does…

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8 Pages
Essay

Business

Corporate Governance Sustainability During the Last Several

Words: 2289
Length: 8 Pages
Type: Essay

Corporate Governance Sustainability During the last several years, the issue of corporate governance has been increasingly brought to the forefront. This is because the financial crisis exposed the weaknesses of…

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5 Pages
Research Paper

Healthcare

Governance and Ethics Corporate Governance & Ethics

Words: 1752
Length: 5 Pages
Type: Research Paper

Governance and Ethics Corporate Governance & Ethics Dr. Doight is the highly respected executive at Universal Human Care Hospital. He and Universal both stand to lose a great deal if it…

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14 Pages
Term Paper

Business

Corporate Governance in Australia Corporate

Words: 4378
Length: 14 Pages
Type: Term Paper

(Millstein, 2005) Since United States and Australia are countries which are already considered to be globally competitive that has attained its almost perfect status in the world market, developing…

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16 Pages
Essay

Africa / African Studies

Professional Governance Can Influence the Change Nigerians Desire

Words: 4721
Length: 16 Pages
Type: Essay

How Nigerians Can Influence the Change We Desire Introduction There is a general belief that poor corporate governance has been the vulnerable point of numerous companies in both developing and developed…

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1 Pages
Essay

Government - Intl. Relations

Germany Denmark France and Italy Governance Codes

Words: 417
Length: 1 Pages
Type: Essay

Governance Codes: Germany, Denmark, France and Italy Although all four nations are members of the European Union and share notable similarities in their capitalist economic structures, Germany, Denmark, France and…

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7 Pages
Creative Writing

Leadership

Characteristics of Good Board Governance

Words: 2186
Length: 7 Pages
Type: Creative Writing

Board GovernanceIntroductionIn order for an organization to achieve good outcomes, its board should be characterized by good governance. Good governance often includes characteristics such as accountability, diversity of representation…

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7 Pages
Research Paper

Business

Structure and Role of the Directors and How the Board Has Evolved in Mexico

Words: 2094
Length: 7 Pages
Type: Research Paper

Introduction Most companies in Mexico are family businesses just like is the case in most of the developing world. Legally, companies in Mexico must have either a collegiate or a…

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7 Pages
Research Paper

Management

Structure and Role of the Two Board System of Directors in Germany

Words: 1997
Length: 7 Pages
Type: Research Paper

Introduction The two board system of directors theoretically presents a way for greater accountability and oversight in corporate governance. The system was developed in Germany with the idea being to…

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