StudentShare solutions
Triangle menu

Board of Governance Principles - Case Study Example

Nobody downloaded yet

Extract of sample
Board of Governance Principles

This is the manner, with which the Board ensures revenue for the shareholders' investments with consistent and regular review of long-term plans, decision-making achievements, and replacements for Board members and executive management personnel.
At British Petroleum public limited company, the members of the Board entrust their decision-making management authority to the company's Group Chief Executive led by Tony Hayward, the Group Chief Executive, member of the BP board of directors, head of the BP executive management team, and steered by the Board of Governance Principles.
Prior to efficient management, the company's Group Chief Executive Tony Hayward must have understood the business ethics of British Petroleum Plc prior understanding the company business, as theoretically, trade is directly related to ethics. In comparison, a good number of commercial executives recognize article of trade-based type of business ethics. This is well-liked by the communication industry, the courses offered in business schools, colloquiums, and educational prose. But, the other type of business ethics called sense-based has been overlooked by the majority in the industry. These two different types of business ethics are supposedly inseparable duo (Pava, 1999). ...
Nonetheless, British Petroleum Plc Group Chief Executive Tony Hayward clearly implements article of trade-based and sense-based types of ethics as an indivisible pair which is clearly invoked in the Board of Governance Principles.

"The power and success of business are ultimately dependent on manager's beliefs about life's meanings" (Pava, 1999)

Corporate success then that is driven by moral code collectively practiced among managers, employees, and shareholders (Pava, 1999) seamlessly fits into these principles. At the British Petroleum Plc, corporate governance structure style is underpinned by the concept of the approach the company manages the business. First, the Board and the executive management of British Petroleum public limited company led by Peter Sutherland, the Chairman of the chairman's and the nomination committees benchmarked image of prominence as the driver of the primary aspiration of the British Petroleum Plc, together with the idea that the company has built through time market edge and asset for advancements. Second, the company is anchored on the conviction that its existence will assists in crafting better opportunities for the human race. For instance, the company will in some way lend a hand to humanity by providing access to heat, light, and transport. All these are achievable with low cost of energy production that is safe for mankind and ecosystem friendly (BP plc, 2009).

This is being mindful of the chief responsibility of commerce to civilizations. While the business concerns are those of the material needs of a society of people, the corporate company likewise embraces what is beyond substantial wants and desires. In fact, this is the most significant aspect of the company. It is within this realm that company ...Show more


The Board and the executive management of British Petroleum public limited company led by Peter Sutherland, the Chairman of the chairman's and the nomination committees has created, written, and implemented the Board of Governance Principles to afford them seamless maneuver of business within a comprehensible control structure…
Author : hubertzulauf
Board of Governance Principles
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the case study on your topic
"Board of Governance Principles"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Case study- Corporate Governance Failure at Satyam Computer Services
Ethics & Fraud 1.0 Ethical Values & its Effectiveness It is observed that an organization with diverse workforce witnesses various ethical dilemmas and issues that arise out of ethical values. This happens because the interest of organizational and personal ethics is different from each other giving rise to potential conflict among employees and managers (Pollock, 2011).
9 pages (2250 words) Case Study
Corporate Governance and Ethics
It provided the researcher with enough evidence on ethical lapses present within an organization particularly in the pharmaceutical sector. The report has been divided into two tasks. Task 1 is based on the case study, “GlaxoSmithKline experiences high cost of product quality issues” which identifies the ethical lapses that may have affected the product quality at GSK.
14 pages (3500 words) Case Study
Tesco Corporate Governance
They have four different store formats in the UK: Extra, Superstore, Metro and Express. Further, they Tesco does not rest on just building these types of store but also strives to maintain and expand it. In 2002, Tesco have invested over 150m into the Refresh programme to help serve customers better and improve availability, operations and store environment.
6 pages (1500 words) Case Study
However, there are certain risks that need to be taken care of while making the investment decisions and as such almost all the decisions made shall also integrate the risk premiums that need to be charged for undertaking any adventure. These risks can be of multiple in nature and can become more significant when a firm decides to invest in a foreign country.
11 pages (2750 words) Case Study
According to Dignam & Lowry (2006, p.87), corporate governance is a multi-faceted concept, but which primarily deals with accountability of certain individuals in an organization by instituting
7 pages (1750 words) Case Study
Corporate governance
BHP Billiton’s corporate statement emphasizes to generate a long term value for the shareholders through various development and
7 pages (1750 words) Case Study
Discussion Board
Further, according to the bible, every Christian is part of the church and is expected to take part in its life with their God-given gifts. However, chapter three of Driscoll’s book goes against its own definition of church and
2 pages (500 words) Case Study
Corporate Governance
In the course of deciding on capital structure and the cost of capital, the implications of the rating agencies need to be assessed as they have
1 pages (250 words) Case Study
Ethics and governance
In the collapse of the corporate, executive members were involved in making wrong decisions, through their desires to keep the factual financial position of the company hidden from the general public. The non-executive members failed on their part to monitor the financial performance and relied on information provided by Watson members, which was mostly untrue.
1 pages (250 words) Case Study
Corporate Governance
The paper aims to outline dismissal of bosses, stigmas and how the present environment varies from the previous. The Chief Executive of Sanofi SA was fired because; the managers had
2 pages (500 words) Case Study
Comments (0)
Click to create a comment
Let us find you another Case Study on topic Board of Governance Principles for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
Join us:
Contact Us