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(2009, 3300 words)
The paper examines the concept of corporate governance (CG) discussing the implications of Sarbanes-Oxley Act (SOX) for CG, comparing CG models used in Germany and the USA, and suggesting the ways of CG improvement.
(2008, 2500 words)
The paper examines the issues of risk and corporate governance in banking reviewing organizational theories such as agency theory, signaling theory, etc. and using the example of corporate risk disclosures in British Telecom. Characteristics of corporate governance in India are described suggesting recommendations for improving the corporate governance environment. A share price movement activity in the banking sector is analyzed using the example of Bear Sterns (USA) and focusing on the market efficiency and imperfections. The latest retail model of banking is described looking at the Northern Rock case and considering the impact of their nationalization on shareholders.
(2006, 1500 words)
This report examines the extent to which Liverpool Football Club plc adheres to the UK corporate governance guidelines. British corporate governance guidelines protect the interests of shareholders by requesting certain shareholder-oriented measures and disclosures of key information relevant to shareholder interests. Football club industry is a special industry with large capital fund movements as well as volatility cash flows associated with the club performance. Therefore, following UK corporate governance guidelines can build up shareholder confidence in and create better image of British football clubs. This report presents a detailed analysis of corporate governance of Liverpool Football Club based on its 2005 annual report. This evidence suggests that British football clubs are not complying with these governance guidelines well. There is a considerable need for further improvements of corporate governance of professional football clubs in England as argued in Michie and Oughton (2005).
(2006, 770 words)
The paper examines the role of corporate governance (CG) in organisations citing academic definitions of CG, reviewing CG evolution over the past decades, and identifying the features of good and poor CG. The process of improving CG is described; the costs and benefits of CG to governments, shareholders and employees are outlined.
(2006, 2000 words)
The paper examines the concept of corporate governance (CG) looking at its historical development, describing CG structure, and analysing the Code of Best Practices adopted by Cadbury. Opinions about the separation of roles in chief executive officers (CEO) are reviewed discussing CEO duality and the relationship between corporate governance and company financial performance.
(2006, 3500 words)
The paper examines the role of the shareholder value model in an organisation reviewing its definitions and identifying the main value metrics, i.e. shareholder value analysis (SVA), economic profit (EP), etc. Strategies of creating and maintaining long-term value for shareholders are discussed highlighting positive and negative aspects of shareholder value.
(2006, 1500 words)
The paper examines the cases of malpractices in corporate governance outlining their possible outcomes, reviewing academic literature on corporate misdeeds and corporate scandals, identifying key causes of governance failure, and giving an account of the UK Combined Code on Corporate Governance.
(2006, 1200 words)
The following research paper provides an overview of the literature on the agency theory and its application to Goldman Sachs corporate governance and company management. Particular focus is given to discussion of the aligning company management and shareholders objectives.
(2006, 1000 words)
The paper examines the correlation between corporate governance and corporate performance reviewing related literature and discussing the reasons for corporate failure with reference to Enron, etc.
(2006, 2000 words)
The paper examines the legal aspects of corporate governance focusing on potential conflicts of interest between the shareholders and the directors. Legislation on related issues is discussed including the Company Law Review (CLR), the Code of Best Practice for Corporate Governance, the Companies Act 1985, the Companies Directors Disqualification Act 1986 (CDDA), etc.
(2006, 5000 words)
This work is dedicated to the analysis of global changes happening to corporate governance. The corporate scandals which shocked the world at the start of new the century not only had detrimental effects on the financial society, but also led to enacting the Sarbanes-Oxley Act in the US and the Higgs report in the UK. These documents have changed the landscape of corporate governance leading to greater transparency and more independence of non-executive directors. However, some areas of corporate governance were not changed even after adoption of this legislation. Another global trend in corporate governance is convergence of standards of corporate governance to presumably Anglo-Saxon tradition. This can be explained by the global dominance of American and British corporation and increasing shareholder orientation due to development of pension funds and insurance companies. This paper scrutinizes the facts of convergence providing different accounts of this phenomenon and empirical evidence from different sources. The overall conclusion of this essay which can be made is that corporate governance still needs further reforms; however these reforms should take into account regional disparities and differences in economic development. This paper would be of great use to students studying current trends in corporate governance.
(2005, 4500 words)
The paper addresses the issues of corporate governance tracing its history, showing its significance and focusing on the Sarbanes Oxley Act (SOX) law passed in 2002 to strengthen corporate governance and restore confidence in markets. The main provisions of the Act are reviewed; its impact on public companies and the New York stock exchange is discussed.
(2004, 1600 words)
This article discusses the need for corporate governance, which has been necessitated by the attitude of certain executives shrugging off their responsibility for the dubious activities of their companies. In order to remedy this situation, the Sarbanes-Oxley Act of 2002 had been enacted. This act envisages a number of steps to strengthen internal checks and balances and to enhance accountability standards. Internal Control has been given due importance along with the reliability of financial reporting and adherence to normal code of ethics in actual practice. Of late, there have been a series of scandals and eye-opening revelations about how financial statements are being misrepresented by companies even in the capital markets of the developed world, not to mention the deteriorating situation in the developing countries. Corporate governance has assumed greater importance due to fragile legal systems, poor information facilities, rampant corruption and mistrust. In this Act, great stress has been laid for strengthening the internal audit system and efforts have been made to allow the external and internal audit boards to have enough freedom of speech to interact with the management staff on a confidential basis. The provisions of this new regulation do not allow the external auditor to provide internal audit outsourcing and some other non-audit services to its clients. This Act has made the jobs of CEOs and CFOs tougher by making them an integral part of the audit committee so that they are responsible for the establishment, evaluation and monitoring of the effectiveness of internal control over financial reporting processes. Read on to find out more about these aspects and the reasons for practicability of ‘code of ethics in accounting process.
(2005, 3500 words)
The paper reports on the Chinese system of corporate governance (CG) comparing it with that in the UK along the lines of structure and shareholder rights; OECD (Organization for Economic Co-operation and Development) principles of CG are discussed; the drawbacks of corporate governance in China are outlined.
(2004, 8000 words)
The paper examines the relationship between the ownership structure of a company and its corporate performance. The concept of corporate governance is discussed on the basis of a literature review touching upon the conflict of interests between managers and shareholders. Statistic analysis of UK firms is performed to identify the variables that influence corporate performance.
(2005, 1800 words)
This work outlines changes that have been implemented in Operating and Financial Review during 2004. OFR is argued to bring more transparency to the market, increase stakeholders' confidence and managerial understanding. However, does extra volume of information really bring more transparency? This work critically discusses new pronouncements in OFR.
(2003, 3800 words)
There is little evidence that competition between countries is resulting in a convergence of their corporate governance systems. In consequence, greater efforts should be made to force such convergence through a programme of harmonisation. Discuss.
(2003, 1800 words)
The paper discusses how the firm is controlled and whether the class of ownership matters for corporate performance: a case study of the UK life insurance industry
(2004, 2500 words)
The paper aims to comment on the following statement in the light of empirical evidence from the 1990s and examine the implications for corporate governance for these changes in organisational form: "The Publicly held corporation…has outlived its usefulness in many sectors of the economy and is being eclipsed. New organisations are emerging in its place…that are corporate in form but have no public shareholders and are not listed or traded on organised exchanges…Takeovers and…leveraged buyouts…are the most visible manifestations of a massive organisational change in the economy". (Jensen, 1989)
(2004, 3000 words)
The following paper aims to identify whether or not the national corporate governance systems becoming more like one another with reference to two countries - Germany vs. United States. In order to do so, firstly the definition and main principals of the corporate governance will be given as well as the differences or similarities in various countries will be analysed. Secondly, corporate governance systems in Germany and US will be compared, and, lastly, the brief conclusion upon the discussions will be outlined.
(2004, 3200 words)
The paper critically analyses the statement: "The main aim of corporate governance regulation, including self-regulation, should be the maximisation of shareholder value"
(2004, 2800 words)
The paper analyses the Enron's scandal in particular the situation with corporate governance
(2002, 4500 words)
Like any other kind of consumer, users of financial products and services need protection against dishonest traders and substandard products and services. Since it is difficult to judge a financial product from the look or the feel, it is only reasonable to have rules regarding the nature of products on offer. Financial markets today are the biggest markets in the world, hence it is only ideal to have rules governing the general operations of these markets, the professionals who trade in them and the vendors of investment products. The main essence of these rules is to protect investors as well as depositors and to preserve financial stability. Haynes (2002:1) discloses that financial services, firms that provide these services and financial markets are regulated worldwide to a greater extent than are most other products and services with the exception of those that affect peoples health and safety. This report reflects how and why, should - and are - financial services regulated in the UK?Î
(2005, 4000 words)
The paper examines the basic features of corporate governance (CG) in Chinese listed companies defining CG as a system of rules and institutions that is new to China. A review of CG-related regulations is provided discussing the issues of shareholders, directors and supervisory board.
(2003, 14500 words)
This paper examines corporate governance mechanisms in a sample of Turkish listed and unlisted companies using a questionnaire and a data base survey. The empirical findings are supported by an extensive literature review. The results indicate that concentrated ownership is widely used and that voting leverage is highly employed in Turkish firms. The titles of CEO and chairperson are generally assumed by different individuals. Overall, Turkish system of corporate governance is considered to be closer to continental European systems.
(2004, 2300 words)
The report has been prepared in the format of paper, which can be presented to the attention of senior management of some organisation. In particular, it is assessing the question why the good corporate governance practices are essential for successful running of major market economies (UK and USA). The paper is tracking the pace of development of framework of regulations and best practice for corporate governance in the UK and details the main corporate governance requirements for the public companies in the UK as well as critical evaluation of advantages and disadvantages. The report also provides extensive bibliography as well as further reading list, consisting of 8 core articles, including full details and brief abstracts.
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