Multi National Corporations needs to introduce excellent business practices, enhance their decision making and give valid reasons for people to invest in the company. Many companies around the world have failed due to lack of proper corporate governance. The global crisis is an example of how failure of executive and boards to manage the financial institutions, banks and other organization using proper corporate governance. The corporate governance problems are mostly experienced in countries where legal environment provides incredibly few corporate government strategies and practices, few shareholders right and few disclosure requirements. Companies can efficiently compete, and the economies can prosper well if they adopt the practices, and strategies recommended by International Corporate Governance Network. Multi national corporations should ensure that the shareholders exercise the rights through effective and open conversing and communicating information as well as engaging them in general meetings. This will be very useful and effective as it will lead to growth and expansion of companies. Transparency and disclosure of material matters concerning the Multi National Corporations should be balance and timely. Everybody interested in the company gains confidence because he or she will note the areas that need improvement or are well managed. Multi National Corporation should be aware that, disbursement of resources in proper corporate governance will inexorably bring good returns on investment and hence the corporations’ survival. They will be very successful when they adopt and implement good corporate governance strategies and practices. INTRODUCTION As corporate governance persists to be an area of spotlight for most companies especially Multi National Corporation, there are many issues and questions that firms still fight with: what it is and what it is concerned with; the reason many governments and firms promoting advanced tactics in corporate governance (Ghosh and Chakraborti, 2010). Corporate governance is how the companies or firms make decisions, how they manage and organize themselves and how they converse with shareholders and the entire world. It deals with issues like how executives and boards are chosen, what responsibilities and mandate executives and boards have, whether shareholders and stakeholders have rights to get involved in some types of corporate decisions through participating in voting and if they have, what form they take. These issues are crucial because they endorse excellent business practices, good opportunities and decision making for investors to make certain the integrity of their investment. Since these issues are very important to improving and developing good businesses and best businesses environment, policy makers and companies are much interested in ensuring that excellent corporate government is widely adopted and is successfully institutionalized throughout the firm. Many companies and firms identify that good corporate governance is a good business strategy and good commerce practice (Bitanga and Bridwell, 2010). What many companies are focusing on is to advance their businesses specifically in the promising global market place where companies are repeatedly trying to outdo each other to ensure their businesses are effective and to magnetize new investors. Companies and firms especially the well managed ones, want to introduce
Importance of a global approach to regulating corporate governance Author Institution 8th December 2011 EXECUTIVE SUMMARY Corporate governance is concerned with how the companies or firms make decisions, how they manage and organize themselves and how they converse with shareholders and the entire world…
Quality of corporate governance within an organization (Shell Company) and the impact on organization’s key stakeholder
Shell Company operates globally across the world and is one of most successful company in energy and petrochemical products.
Scandals and seismic events are sufficient to distort the beliefs of their shareholders, stakeholders and investors. About 1 million euro has been wasted in 13% of such fraud cases resulting in financial losses for the country.Firms need to apply the sustainability principles in business management.
One of the most noteworthy methods through which the companies are monitored and controlled is corporate governance. This normally comprises a collection of association between administrators of the company along with its shareholders. It also tends to involve board members as well as stakeholders (OECD, 2012).
Bob Tricker believes that the term ‘corporate governance’ was hardly in use before 1980s (du Plessis, et al, 2010). Many think that the phrase was started to be visible in the picture of global business after 1990s. It is such a concept that is still believed to be indefinable by several experts.
Rather than provide a country-specific analysis, it will look at trends and patterns in global financial governance systems and the underlying structural deficiencies in the IMF-driven neoliberal framework. A recent headline of the British newspaper The Guardian regarding the recent Greek crisis brings up a question that has long been asked by several movements and institutions worldwide: “What makes the IMF think it’s right (…)” about the economy?
This is a critically analyse the importance of a global approach to regulating corporate governance, focusing on the problems/benefits that this may cause Multi-National Corporations. This study entails about researching on these specific aspects and also includes relevant examples that form a strong evidence for the opinion presented at the end of the paper.
The UK model of corporate governance is based on the principle of ‘comply and explain.’ This system is rather flexible and appeals to regulators in other markets. Since early 1990s the corporate governance of the UK experienced a number of transformations
ity of life of the workforce and their families as well as of the local community and society at large" The same report gave some evidence of the different perceptions of what this should mean from a number of different societies across the world. "CSR is about capacity building