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Dissertation example - Literature Review of Corporate Governance and Dividend Policy
Finance & Accounting
Pages 11 (2761 words)
In the modern days, corporate governance has achieved significant importance in the western nations such as the USA and the UK. Corporate governance has reached a new height where its activities are the outcome of sustainable business processes. It intends to create long-term value for the investors and the stakeholders…
Extract of sample
The global economy is confronting with an earning conflict because of excessive managerial remuneration in major enterprises throughout the world. To investigate on the perpetrators of economic recession, the high managerial pay and extreme risk taking activities were cited as prime suspects. Among the two issues, the managerial pay leads to the primary focus and incited many public as well as political outrages. For instance, the insurance major named AIG was nearly shattered because of bad business performance and abundant remuneration scales. It was seen that AIG had paid almost 165 million USD of bonus amount to 400 employees in London. In Wall Street, the bankers gave themselves almost 20 billion USD as bonus in the year 2008 even when the economy was decelerating down. The government also expended huge money to assist the financial institutions. It was alleged that this type of ignorance for the expenditure and the outcomes of the managers’ actions have generated the economic crisis. The ethnicity, customs, spawned managerial remuneration plan with incentive that promote the unnecessary risk taking had given light to the economic crisis. The laws and regulations along with corporate boards were highly criticized for autonomous management of organizations. ...
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