Company Background Apple Inc. was instituted in the year 1977 and is headquartered in California, United States of America. The company along with its subsidiaries designs, produces, and sells mobile communication devices, personal computers, media devices, and handy digital music players among others. Apple Inc. also sells a range of associated services, software, networking solutions, peripherals, digital content and other forms of applications. Apple Inc. caters to a broad array of clients, ranging from individual consumers, to small and mid-sized enterprises and education, corporate and government customers (Apple Inc. (a), 2012). The products as well as services offered by Apple Inc. comprise of iPhone, Mac, iPod, iPad, Apple TV, in addition to a collection of specialized and consumer software applications. Apple Inc. also provides the iOS, iCloud, and Mac OS X operating structure, in addition to an assortment of accessory, service as well as support offerings. Apple Inc. also vends and distributes digital content as well as applications by means of the App Store, iTunes Store, Mac App Store and iBookstore. The Company markets its products throughout the globe via its stores, both online as well as retail in addition to direct sales force. Apple Inc. also sells via wholesalers, intermediary cellular network carriers, retailers, as well as value-added resellers. Furthermore, Apple Inc. also markets a range of third-party iPhone, Mac, iPad, and iPod attuned products, such as application software, printers, speakers, headphones, storage devices, as well as many other accompaniments and peripherals, via its retail and online stores (Apple Inc.(a), 2012). Company History Apple was founded by Steve Jobs and Steve Wozniak in the year 1976. Originally, the...
This essay stresses that the subject of corporate governance is associated with the jobs and accountabilities of a business organization’s Board of Directors in handling the business and their associations with the organization’s shareholders as well as other stakeholder. Characteristically, in any corporate organization the full time executive directors possess extensive powers with reference to the dealings and matters of the organization they are paid to manage in support of the shareholders. Nevertheless, the executive directors might not always bear the interests of the shareholders in their mind while carrying out their executive responsibilities. Consequently, this had resulted in endeavors to make the directors more liable for their strategies and actions.
This paper makes a conclusion that Apple Inc. practices strong corporate governance principles and hence the company has not faced any major instances of conflict of interest. The comprehensive assessment of the corporate governance as well as the code of conduct of Apple Inc. revealed that the Company abides by strict guidelines and always attempts to protect the interests of its stakeholders. This strict abidance to the required market practices have resulted in positive fortune for the Company. The assessment of the financial position of the company illustrated that the position of the company had further fortified since the years and the stock price movements revealed that Apple is provided good value for shareholders’ money.