StudentShare solutions
Triangle menu

CORPORATE GOVERNANCE - Case Study Example

Not dowloaded yet

Extract of sample
CORPORATE GOVERNANCE

Historically, the concept of corporate governance has been at play in most of the United States (US) large companies since the 19th century, and in 2001, with the high-profile collapses of several modern corporations like Enron Corporation, there has been a renewed interest in corporate governance practices (Monks & Minow, 2004). And, as part of the US federal government’s campaign to restore public confidence in corporate governance, it passed the Sarbanes – Oxley Act, which practically set new or enhanced standards for all the US public companies’ boards, management, and public accounting firms through eleven titles or sections including corporate responsibilities and criminal penalties, as well as requiring the Securities and Exchange Commission (SEC) to implement rulings as basis for compliance with the new law (Farrell, 2005).
This paper tackles corporate governance as practiced by Qantas Company in terms of its compliance to the principles and standards of corporate governance best practices, as well its current corporate values and ethics vis-à-vis its corporate governance practices, using the question guides provided for this subject.
Qantas Group is an Australian company that has been one of the leaders in the aviation industry, both at the international and domestic fronts. Globally, Qantas has been one of the top six airline companies in the world for the last five consecutive years, based on the Skytrax surveys, and has maintained its four-star official ranking worldwide (Skytrax Survey 2008). At the domestic level, Qantas is well-known as Australia’s very own, and is very well-supported as a full-service airline.
Like the rest of airline companies around the world, Qantas also underwent some tough times, which included an industrial dispute and subsequent maintenance backlogs, and also two in-flight incidents (Qantas Annual Report, 2009). These somehow damaged the ...Show more

Summary

Corporate governance pertains to the set of systems, processes, policies and other mechanisms and institutions which affect the way a corporate entity is directed, administered or controlled, and which also may include the relationships among the various stakeholders involved as…
Author : greencallie
CORPORATE GOVERNANCE CASE STUDY essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the case study on your topic
"CORPORATE GOVERNANCE CASE STUDY"
with a personal 20% discount.
Grab the best paper

Related Essays

Case study- Corporate Governance Failure at Satyam Computer Services
Ethics & Fraud 1.0 Ethical Values & its Effectiveness It is observed that an organization with diverse workforce witnesses various ethical dilemmas and issues that arise out of ethical values. This happens because the interest of organizational and personal ethics is different from each other giving rise to potential conflict among employees and managers (Pollock, 2011).
9 pages (2250 words) Case Study
Corporate Governance and Ethics
It provided the researcher with enough evidence on ethical lapses present within an organization particularly in the pharmaceutical sector. The report has been divided into two tasks. Task 1 is based on the case study, “GlaxoSmithKline experiences high cost of product quality issues” which identifies the ethical lapses that may have affected the product quality at GSK.
14 pages (3500 words) Case Study
Corporate Governance & Ethics
It produces a number of pharmaceutical products ranging from biologics, vaccines and drugs targeting neglected diseases in the sub-Saharan Africa. The multinational was formed following merger with other pharmaceutical and related companies like smith Kline Bicham, Glaxo welcome plc in the United Kingdom and smith Beckman Corporation all based in the United Kingdom.
14 pages (3500 words) Case Study
Corporate Finance Case Study
The company has two major divisions-the Elevators and Escalators division, as well as ALSO (Google Finance 2009). The company's product range includes escalators and elevators and moving walkways for use in offices, commercial properties, cruise ships, train and subway stations, airports, and other public and government buildings (Yahoo Finance 2009).
10 pages (2500 words) Case Study
Corporate law Case Study
However, this does not apply if the proceeds derived from the fresh issue are used by the company in making a redemption or purchase of its own shares in addition to a payment made out of its capital. The provisions of the Companies Act 20063 which relate to the reduction of a company's share capital apply as if the CRR were paid up share capital of the company.
10 pages (2500 words) Case Study
Ethics and Governance Case Study
Other activities include telecommunications software services and property management. Next's code of practice resolves not to work with suppliers who engage in child labour. 'Next will not work with companies who continue to use child labour. A 'child worker' is regarded as someone who is below the legal minimum school leaving age for their country'.' Next will support existing suppliers who provide education for existing child workers and gradually it will replace them with adult members of their family.
4 pages (1000 words) Case Study
Financial Markets and Corporate Governance
This question is a difficult one to answer from the inference of what had happened in the case of Enron- who has filed the 'mother of all bankruptcies' the largest in the US corporation history. The business managers of Enron would definitely have put in to practice of whatever they have been taught or trained in their schools of Law, business, management and accounting, to protect the shareholders' interests of the corporation.
12 pages (3000 words) Case Study
Case Study
One method will include the strategic arrangement of the business requirements and the organizational strategy of the aquariums. The other method would incorporate the financial features of the
8 pages (2000 words) Case Study
Ethics and Corporate Social Responsibility Case Study
The company has made serious efforts to implement a comprehensive strategy for sustainable development of the society. The study has tried to examine various strategies implemented by the company in relation to
11 pages (2750 words) Case Study
Accounting Fraud at WorldCom case study for corporate Governance & ethics course
Bernie was able to rivet the down movement of the company to yielding of profits in one year’s period. Bernie was possessed with growth of revenue and vowed to
3 pages (750 words) Case Study
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