International corporate governance - Coursework Example
International Corporate Governance: Different Principles, One Goal Name Name of Professor Word Count (excluding footnotes and reference page): 3, 450 Introduction Corporate governance is defined as the mechanism by which organisations are governed and regulated.1 Contemporary profit-oriented organisations are regarded as public companies.2 This essay will discuss and compare the corporate governance system in the UK with the systems of the United States, China, and OECD countries, particularly Canada, in order to substantiate the argument that “regardless of what form of regulation, principles or prescription, the main aim of corporate governance should be th…
This research aims to evaluate and present the concept of Corporate Governance and the main principles for UK Corporate Governance Code such as leadership, effectiveness, accountability, remuneration and relations with shareholders.For the purpose of this research work the two UK listed Companies that will be analyzed are Carillion Plc and Deutsche Bank.
There is a hierarchical difference in various corporate that exist even in the same country. Therefore, it is prudent to justify that corporate structure differ from one organization or country to another. However, structures and organizations in various corporate is the way in which different structures are formed is to achieve a common goal, that is, managerial accountability1.
Notably, corporate governance is related to the functioning of the Board of Directors (BOD) and comprises of specific rules as well as regulations on the basis of which the BOD is required to make decisions. Moreover, the relationship between stakeholders and managers of companies are maintained by the code as well as principles of corporate governance (Calder, 2008).
Transparency is the linchpin of the global financial architecture which seeks to survive the inherent volatility of global financial markets.
The prevailing distortions of information within financial markets are the key to explaining the large influx of foreign capital into emerging markets as well as its rapid departure during times of crisis.
3.3. A critical analysis/evaluation of the results which includes an explanation of the significant findings................................................
United States, China, and OECD countries, particularly Canada, in order to substantiate the argument that “regardless of what form of regulation, principles or prescription, the main aim of corporate governance should be the maximisation of shareholder value.”3
nance codes were developed on the basis of the Cadbury report and the Greenbury report during 1990’s and early 2000’s, these codes were not sufficient to prevent banking crisis in the UK. Therefore, it can be inferred that failure of corporate governance policies of banking
The industrial revolution played a great role in the evolution of accounting in the business world. People were more interested in engaging in good business practices evidenced this. Hence, there was a need to separate between the owners and managers of businesses. Its main aim was to safeguard the interests of the shareholders.
n as it failed to safeguard the interest of shareholders by stipulating strong governance codes like compulsory appointment of independent directors to the board , evaluation of non-independent directors’ performance by the independent directors , not following international
12 pages (3000 words)Coursework
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