StudentShare solutions
Triangle menu

Corporate Governance, The fraud-Governance Linkage, and Audit - Research Paper Example

Not dowloaded yet

Extract of sample
Corporate Governance, The fraud-Governance Linkage, and Audit

Corporate governance encompasses regulatory and market mechanisms and goals on which a company is governed. Corporate governance also highlights the roles and responsibilities of stakeholders such as an organization’s management, board of directors, shareholders, and other stakeholders. Corporate governance avails guidelines centering on the way in which corporations should be governed in order to attain its goals and objectives, as well risk monitoring and assessment and performance optimization (Carcello, Hermanson and Ye 2). One of the outstanding themes of corporate governance revolves around the nature and extent of accountability required of persons running corporations, and mechanisms fashioned at decreasing principal-agent challenge to minimize managerial opportunism. Achieving Effective Corporate Governance Corporations operate in a legal environment and are subject to laws and regulations of a certain jurisdiction. Organizations also have a constitution that avails individual rules that govern the Corporation and sanction or constrain its operations or decision making. There are codes and guidelines that oversee corporate governance cover a broad array of categories. These include auditing, corporate responsibility and compliance, board and management structure, financial transparency and information disclosure. Corporations pursue and maintain an effective system that facilitates continuous enhancement in relation to strategy, performance, compliance, and accountability (Carcello, Hermanson and Ye 3). Effective corporate governance can be achieved when the board of directors strictly embodies the interests of shareholders. In exercising their duty of trustees, the board of directors should review, challenge, and oversee the corporation’s business strategy and its effectiveness. Stakeholders should be well informed, engaged and willing to challenge each other. Parties involved in Corporate Governance The most prominent parties engaged in corporate governance incorporate government agencies and authorities, management (encompasses board of directors), Chief Executive Officer, shareholders, auditors, and other executives such as line mangers, lenders, suppliers, employees, creditors, clients, and the community. Corporate governance mechanisms encompass systems of controls directed at aligning the interests of the managers with those of shareholders. The directors, employees, and management expect to draw benefits and reputation, as well as remuneration from the corporation, while the investors expect to draw financial returns from the Corporation. Lenders, on the other hand, expect specified interest payments, dividend distributions, or capital gains on their investment. The organization’s clients concern centre on certainty in the provision of desired goods and services, which meet proper quality; the concerns of the suppliers revolve around compensation for their goods or services, and probable continuity in the trading relationship with the Corporation. The board is entrusted with playing a critical role in corporate governance. The board is mandated to endorse the corporation’s strategy as well as shaping a directional policy. Moreover, the board is expected to appoint and supervise senior ...Show more

Summary

Author Tutor Course Date Corporate Governance, The fraud-Governance Linkage, and Audit Introduction The paper explores topics in corporate governance, the fraud-governance linkage, and audit committee effectiveness. Recently, there has been revamped interest in the corporate governance, especially in the arena of accountability owing to the high-profile accounting fraud cases that rocked leading corporations…
Author : uhackett
Corporate Governance, The fraud-Governance Linkage, and Audit essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Corporate Governance, The fraud-Governance Linkage, and Audit"
with a personal 20% discount.
Grab the best paper

Related Essays

Corporate Governance
This research paper dwells upon the rule of corporate governance that works to ensure the accepted ethical standards are adhered to, and the best practices are maintained. Due to the high rate of alleged crimes by corporate officers, through abuse of power and high profile scandals, corporate governance has received attention in the recent years.
4 pages (1000 words) Research Paper
Corporate Governance and Compensation
The case study revolves around the hiring and firing of Michael Ovitz in 1995, as president and successor to Michael Eisner after the death of Frank Wells. For a decade, Eisner and Wells shared a balance of power and authority in Disney Company, during which time the firm enjoyed a period of profitability and strong growth.
14 pages (3500 words) Research Paper
Agency Theory and Corporate Governance
For the purpose of fulfilling the objective of this paper, the definition of firm as a nexus of contracts has been presented and its relation to the agency theory has been evaluated. It was found that the assumption of agency theory with respect to this definition states that self-interest of the individuals is the main basis of their wealth maximization.
3 pages (750 words) Research Paper
Corporate Social Responsibility and Corporate Governance
7 Conclusion and Recommendation 11 Personal contribution to the development and refinement of the topic 13 Corporate Social Responsibility and Corporate Governance Introduction Corporate citizenship or Corporate Social Responsibility (CSR) according to business experts may generally be defined as the set of activities that are integrated into the business model so as to regulate the activities of the corporate entity.
10 pages (2500 words) Research Paper
Corporate Governance & Corporate Social Responsiblity
The second important component of corporate governance is concerned with normative structure of an organization. Aspects under normative framework include rules and policies that govern operation of an organization or institution. The rules originate from a variety of sources, including labor and financial market, in addition to legal or judicial systems (Claessens, 2006, p 6).
5 pages (1250 words) Research Paper
Corporate Governance Research Paper
The petroleum companies of Shell, chevron and Exxon Mobil management and executive teams, are charged with the responsibility of ensuring the realization of corporate governance in these organizations. They are responsible in meeting the energy requirements of society, in means that are socially, economically and environmentally viable, presently and in the long term.
9 pages (2250 words) Research Paper
CORPORATE OWNERSHIP, GOALS, and GOVERNANCE
The second journal is by Sundaram Anant and Inkpen Andrew titled “Corporate goal revisited”. The third journal is by Fombrun Charles titled “Corporate Governance”. The last Journal is by Blair Margret titled “Corporate Ownership” Corporate “Ownership” by Blair Margaret The aim of the article is to demonstrate corporate ownership and dispute the assumption that companies are owned by shareholders.
10 pages (2500 words) Research Paper
IT Corporate Governance
The rapid advent of computer applications, the Internet, and other forms of information technology have major implications for organizations and their management, but people have trouble saying exactly what effects they have and why. As for effects on public organizations, especially until recently, research has been scarce (Colley 2003).
5 pages (1250 words) Research Paper
IT corporate governance
with the developments coming so fast that everyone has difficulty keeping up with them and developing conclusive interpretations about their effects on organizations. The rapid advent of computer applications, the Internet, and other forms of information technology have major
5 pages (1250 words) Research Paper
Corporate Governance & Corporate Social responsiblity
The second important component of corporate governance is concerned with normative structure of an organization. Aspects under normative framework include rules and policies that govern
5 pages (1250 words) Research Paper
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation