The paper tells that the concept of corporate governance has undergone tremendous changes since its origin. Management always pays attention to update their corporate governance strategy in accordance with the needs of the time. The corporate governance policy also maintains the relationship between the stakeholders and the objectives of the organization. Top level managers always focus on the impact of their corporate governance strategy on economic efficiency in addition to a strong emphasis on shareholder values. Since a series of corporate failures in 2001 were attributed to accounting fraud, today organizations focus on internal check policies while formulating their corporate governance strategy. Likewise, corporate scandals of various forms during the last decade attainted public and political interest, which greatly contributed to the strict regulation of corporate governance. However, it seems that corporate governance principles always give emphasis to the rights and privileges of shareholders. In addition, the principles of corporate governance clearly point out the role and responsibilities of the board, firm’s integrity and ethical behavior, and concerns of disclosure and transparency. The main point of difference in corporate difference between the United Kingdom and the United States is that in the UK, the CEO generally does not hold the chairmanship of the board whereas, in the US, the CEO also serves as the Chairman of Board. Corporate governance in the UK In the opinion of Roberts (2011), the balance of power between the board of directors and the general meeting primarily constitutes corporate governance of a UK company. Generally, the term “governance” is used to refer to principles mentioned in the UK Corporate Governance Code. As cited in Harbottle and Lewis (2010), the UK Corporate Governance Code 2010 is a set of corporate governance principles which aim the improved performance of the listed companies on the London Stock Exchange. Financial Service Authority’s Listing Rules demand the public listed companies disclose how they have abided by the proposed code and explain where and why they have ignored the rule. Private companies are also encouraged to follow these corporate governance guidelines even though it is not a compulsory requirement in private firm accounts.
This research paper will critically analyse whether or not a global approach to regulate corporate governance would be effective. The study will also discuss the effects and benefits that this strategy may cause on multi-national companies…
orporate strategy. The dealing occurs in the form of selling, buying and merging of two or more companies. This deal in turn helps the developing company to grow at a faster pace within the industry and even without establishing any separate entity. In general merger and acquisition are the two simple forms of expanding the business (Sherman, 2010, p.2-3).
The merged companies enter into a deal and forge ahead as a single entity. In mergers, stocks for both companies must be surrendered and a new company stock is put in place. The merging companies should often have nearly the same or equal valuation. Acquisition refers to an act where one company agrees to buy assets and liabilities of another through a signed deal.
Merging business may be agreed or necessitated by the need of expansion, attracting new markets, gaining market share, improving productivity and/or combining the factors of production in each separate entity to achieve a positive growth as one entity. Depending with the financial, operational and the long-term goals of the merging firms, clauses are spelt out to benefit the involved firms in running the merged entity.
With growth in time and competition, managers of financial firms do introduce different new services for their firm but still fail to aware the customers for their services. With the implementation of different marketing techniques, I will elaborate the key successes that can be achieved with marketing campaign in financial firms.
Critically evaluate this statement in relation to the different forms of international/global alliances which exist within and across industries or organisations with which you are familiar, or which you may have studied.
The above quote is a very provocative statement and,
“AoC Management Services Limited” (AoC management services limited: Directors report and financial statements for the year ended 31st March 2009 2009, p.1). This event management company has successfully conducted around 40
Survival and success of a business rely on decisions made by all involved parties. However, all alliances must possess certain characteristics to make them favorable for a partnership. A good alliance partner should be committed to the business, coordinate with others, and be a risk taker.
The author states that the role of the International Financial Managers is extremely crucial in the progress of the HSBC. The IFMs of the HSBC developed a portfolio of international banking and management skills through a large number of challenging projects and assignments that were related to the developed and emerging markets in 87 countries.
When a company plans on creating a subsidiary, it does so because it wants to keep up with the international demand. Hence, the company decides to open of subsidiaries in each of the international countries and then transfer authority to these subsidiaries. The strategic control of these franchises will be individual and independent.
1 pages (250 words)Research Paper
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