Apart from the three internal governance mechanisms- ownership concentration, boards of directors, and executive compensation- the capital structure would help support the welfare of managerial agents with those of the owners of the firm. According to Hitt, Ireland & Hoskisson,…
Long term capital structures have been indicated to more advantages to the firm over short-term capital structure decisions (Hitt, Ireland & Hoskisson 97). Matters of equity and debt can also be well analyzed through the capital structure. Evidently, the capital structure would help prove useful in sustaining the interests of managerial agents and the firm owners.
U.S.-based firms could integrate elements of the corporate governance practices to make better decisions by coming up with policies that will help their firms gain public trust. Additionally, US firms can improve the ethics of the firm, corporate governance and social responsibility (Hitt, Ireland & Hoskisson 317-23). In the event that the mangers are compelled to comply with the set regulations, then the level of ethics will be adhered to across the board. Having a strict code of conduct will allow for compliance of set standards and regulations. This means that all the decisions made will be done ...
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“Corporate Governance Case Study Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.net/business/685857-corporate-governance.
12). The said stakeholders are similar to those of the first definition, as they include shareholders, management, and members of the board of directors, employees, customers, suppliers, creditors, and other interested parties. The definition given by the World Bank differs from the above two in that it includes the role of regulations and laws, as it defines corporate governance as a blend of law, regulation and appropriate voluntary, private sector practices enabling a corporation to attract financial and human capital, increase efficiency and fulfil its goals by generating long-term economic value for shareholders and respecting the interests of stakeholders and society (Maassen, 2002, p.
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).
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.
It produces a number of pharmaceutical products ranging from biologics, vaccines and drugs targeting neglected diseases in the sub-Saharan Africa. The multinational was formed following merger with other pharmaceutical and related companies like smith Kline Bicham, Glaxo welcome plc in the United Kingdom and smith Beckman Corporation all based in the United Kingdom.
It is now a public limited company, with shares traded on the stock market.
Despite being such a successful and competitive retail store, it has nevertheless faced continuous criticism from several sources such as labour unions, community groups and some other groups on issues such as lower tendency towards the employees' welfare and extensive foreign product outsourcing.
They have generally been seen as more aggressive and results-oriented.
U.K. corporations placed more emphasis on relationships rather than formal controls, and appeared "amateurish" compared to their U.S. counterparts. Recent years have seen a considerable convergence of U.K.
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.