Controversies such as those linked to the former GE CEO, Jack Welch and the NYSE CEO Richard Grasso have made many companies to create a guideline that will be used to limit how much company executives can earn. It is important to note that even in the cases of the above CEOs, their work and performance on the job was impeccable and many would believe that they earned what they had worked hard for (Jensen and Murphyn 2004:15). However, there is a perception that there was a lot of inadequate disclosure and that they received a little ‘too much’ despite their performance. According to the general conference convened by the International Labor Organization in 1951; the term remuneration was defined as (Yang 2008:654): “the ordinary, basic or minimum salary and any additional benefits that are payable whatsoever directly or indirectly, whether in cash or in kind, by the employer to the worker and arising out of the worker’s employment.” Success on the other hand is mainly defined by the amount of output acquired as a result of one’s ability to utilize the opportunity given to them to lead, supervise, mentor and motivate others effectively. ...Show more
Finance and Accounting, Literature review For quite some time, the issue of remunerations has been a thorn in the flesh of many companies. Managers have been accused of getting much more than they deserve while the employees are sweating more to help them achieve a fat check at the end of the month (Fama and French 2001:16)…
WOMEN IN ACCOUNTING Content Page Introduction 2 Literature Review 3 Historical Rise of women and their roles in accounting 3 Barriers and difficulties faced by women in the accounting industry 4 Work of various accounting boards in the UK 6 Methodological Framework 7 Presentation and Analysis of Data 8 Conclusion and Limitations 9 References 11 Appendix 12 Introduction Over the years, gender equality has become an issue that has taken a global dimension.
Hence, in this regard, both the private and the public sector have devoted considerable attention to the notion of customer satisfaction, which is a rudimentary basic in the customer-company relationship. Naturally, in order to increase the awareness about this concept, administrators have increasingly encouraged their staff to gain knowledge by studying and researching on this phenomenon of customer satisfaction for the welfare and growth of the organization.
Over the years, the landscape and the modus operandi of the business organizations have changed. This change has affected the job descriptions of the managers also. Now, managers are not treated as just employees with power; rather, they are treated as entrepreneurs with responsibilities.
In China, there are many types of informal financers such as, Rotating Savings and Credit Associations (lending cooperatives formed by members of the society) like, bahui, hehui and yaohui, private lending individuals, lending enterprises and pawn brokers, who extend credit in exchange of non-traditional collaterals such as, jewellery and personal belongings.
As gender equality advocacy continued, the way became paved for women to be seen in all aspects of life including education, profession, planning and leadership. Accounting as a subject and profession has its own part of the history as far as female
Rather they are treated as entrepreneur’s wit responsibilities. The management as well as the juniors or subordinates look up to the mangers as leaders. The managers are not only expected to perform their tasks but also are
This depends on the nature of the firms operations and may therefore be annually, semiannually, or even quarterly. Dividend policy therefore is concerned with the payment of the dividends to the shareholders. It is common knowledge that the longer a firms retains its profit
The main motive behind this literature review is to conduct an analysis through various studies in order to provide an understanding of the role of corporate social responsibility on financial performance and
for auditors in this paradigm, maintaining transparency has emerged to be quite crucial to avoid possible discrepancies in the reporting standards and the gap persistent therewith. Similarly, regulations associated with accounting and auditing emerged as much rigid in the