Corporate governance .

Masters
Essay
Miscellaneous
Pages 12 (3012 words)
Download 0
Corporate governance refers to a Set of processes, laws, customs, policies and institutions affecting the way a company is directed, controlled and administered is called Corporate Governance. It can also be defined as a system by which a company is controlled and directed…

Introduction

They endorse organization plan, come up with directional policy, appoint supervise and pay senior executives they sure transparency of the firm to its authorities and owners. (McCahery, Moreland, Reinboag, Raaijmakers. 2002, 2)
Corporate governance's high standards, compliance, effective operations and administration are maintained by a trained company secretary who is supposed to be a high ranking professional. It has a set of relationships between the board, company's management and its shareholder. Corporate governance provides a structure by which the goals of the company are set, how they will be implemented and achieved and a monitoring performance system is put in place. The very essential elements of corporate governance are accountability framework and strategic decision making systems. Corporate Governance in UK is based on combination of voluntary codes which have gone through a sequence of amendments over the past they include (McCahery, MoerLand, Reinboag, Raaijmakers. 2002, 176)
Hampel committee: This committee was formed in 1996 so as to review the Cadbury code, if it was implemented, the roles given to executive directors and also review the Greenbury Committee recommendations in their report. Lastly it was to address the role of auditors and shareholders in Corporate Governance.
The Combined Code: This was as a result of the Hampel Committee put together the work of the other committees and also its own in 1998 to c ...
Download paper
Not exactly what you need?

Related papers

Company Law - corporate governance
The consequences when the policy of the company makes a director a victim or a loop hole in a law makes the company pay compensation for the victim on behalf of the employee can be examined. The points and the necessities found in the above study can form a back ground for the future changes in the law if any. 1…
IT Corporate Governance
The rational for the research paper is to investigate and analyze new trends in information systems application and their impact on information, effects on corporate design, structure and productivity. It is assumed that advances in technology, especially computer, information, and information technology, have presented organizations and managers with dramatic new challenges and opportunities, and…
CORPORATE GOVERNANCE: INNOVATIVE STRATEGIES
It characteristically centers to alleviate the agency predicaments which may occur whilst possession and administration of the business is divided. Such problems can be diminished by means of numerous measures like the internal controls, oversight of administration or boardroom, regulatory oversight, compensation and incentive arrangements and external audits. (Segrestin & Hatchuel, 2008)…
Corporate governance .
They endorse organization plan, come up with directional policy, appoint supervise and pay senior executives they sure transparency of the firm to its authorities and owners. (McCahery, Moreland, Reinboag, Raaijmakers. 2002, 2)…
Corporate governance
management styles with those of the U.S. Many of the largest British multinationals, such as GlaxoSmithKline and BP, have merged with or acquired large U.S. firms, and almost all leading U.K. companies derive substantial proportions of their revenues from the U.S.…
Corporate Governance Lab Report
Capital flow seems directed towards the companies, which practice fair and transparent ways of governing their organisations. With the changing global business scenario the need of understanding and effective practise of fair and technologically advance corporate governance has also increased.…
Tesco Corporate Governance
A quarter of Superstores have received the customer-focused improvements in key areas including car parking, trolleys, signage, counters and availability. Express offers customers the chance to stock up on shopping at their convenience at a diverse range of locations, from inner city stores such as Maida Vale, London, to villages like Yateley in Hampshire. Although on a smaller scale than larger…