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essay on the theories of corporate governance
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Block holder ownership: As Ben Ali et al. (2009) verbalized, institutional investors, have the expedient to enforce and apply the principles of good corporate governance in order to forefend the shareholders’ rights and wealth. Thus, it will result with more transparent business communication and a wide range of voluntary disclosure. Anterior studies of Eng and Mak (2003) and Zourakis (2009) results obtained that there is a negative association between block holder ownership and the disclosure scores. Huafang and Jianguo (2007) however, argue that managers will disclose more information when there is a higher degree of block holder ownership. The possible reason for the differences on results could be that shareholders are not very well bulwarked in China making them less puissant than the block holders that can have relatively more influence on the provision of voluntary disclosure compared on average firms that already disclose information. Corporate governance: According to Blair (2004) corporate governance refers to ‘the licit rules, institutional arrangements, and practices that determine who controls business corporations and who gets the benefits that flow from them. Corporate governance issues additionally include how major policy decisions are made in business corporations, how sundry stakeholders can influence the process, which is held accountable for the execution, and what standards are applied.’ Ownership is a subcomponent of corporate governance and is additionally cognate to the firm is organized and how the stakeholders can influence the processes of a firm. One of the fundamental variables to lead and control the execution of a business to the greatest advantage of shareholders is a great nature of corporate infl... ... middle of paper ... ...undertakings with a generally diffused (or scattered) capital. Additionally, Khlifi and Bouri (2008), who are intrigued with the Tunisian firms, indicate that instrumentation in possession fixation is connected with a defragmentation in the gauge of voluntary revelation. Lakhal (2003) examined the relationship between voluntary divulgence by chiefs of French firms and the corporate administration attributes. Outcomes indicated that the possession structure is fairly scattered and in the event that where non-official executives have more experience board, the bore of divulgence expands voluntarily. In firms where the CEO holds the position of the executive too, voluntary revelation might be more outlandish. There is a useless and impuissant relationship between non-official board parts and choices about voluntary exposure and, also board size and divulgence choices.
A corporate owner is an Individual or entity who owns a business entity to profit from the successful operations of the company. Generally, has decision making abilities and first right to
Cohn, Jonathan, Stuart Gillan, and Jay Hartzell. "On enhancing shareholder control: A (Dodd-) frank assessment of proxy access." Available at SSRN 1742506 (2012).
It is one sad existence, to live and die, without discovering, what could have been. The question is often asked, what is the meaning of life? Or even, what is the purpose? There is no clear answer, and yet there is a search in every moment, every breath, and every corner, for a minute hint. In a societal setting, identity is merely determined by the amount of tangible things owned. Society places the ideology on individuals that those who own the most tangible things are above others. An individual can trump all those societal values by owning the self. This brings equality to all, and levels the playing field. This has been true throughout history, however behind all of this, there are individuals learning to conquer themselves. It begs the question, what defines a person, the physical or the metaphysical? There is obviously a compelling relationship between ownership and the sense of self or identity. But, is it ownership that determines the sense of self or is it perhaps, that the sense of self determines ownership. The
To words meaning two different things have a way of relating to one another to create something new? Many things can be made to describe two simple words like ownership and identity. Ownership can be both tangible and intangible. When looking at how ownership relates to identity, people tend to look at aesthetic instead of how ownership builds moral character that leads to identity.
El-Gazzar, S. M., Fornaro, J. M., & Jacob, R. A. (2008). An examination of the determinants and contents of corporate voluntary disclosure of management’s responsibility for financial reporting. A Journal of Accounting, Auditing & Finance, 23(1), 95-114. Retrieved from http://library.gcu.edu/
What is the relationship between ownership and self identity/development? This is a extremely complicated question. There are many theories trying to answer this question, such as, Plato 's claim the "owning objects is detrimental to a person 's character", whereas Aristotle argues that "ownership of tangible goods helps to develop moral character." To answer this question we must first ask, what is ownership? If this question is asked to friends, relatives, even strangers, we will receive many similar answers to this question. People will say something along the lines of, "the possession of an object" or "to be in control of something". However, we must then dive deeper into the question and ask ourselves, can we really possess an object if it can be taken
What does it mean to own something? The book definition of "own" is, "something belonging to oneself or itself." (Dictionary) Ownership is a common part of life today in many forms. We own all kinds of stuff and continue to get more. But what does it really mean to own something? Does it mean you payed for it so therefore it's yours? Does it mean you have some kind of connection to that certain thing so you believe to have ownership over it? Or does it even mean that by using the tern "ownership", you own something? People believe ownership to mean many different things. Personally, I believe that it means it is something close to you that belongs to you. I also think that ownership has a lot to do with how you feel about that certain thing. People have many different views and ideas of ownership today.
Ownership and self (identity) are commonly joined together under one thought: ownership can very well define a person’s identity. I believe that is to be true. It is possible to own something physically whether that is a phone, a computer, a car etc., or something that simply exists within our minds such as a thought (idea), a concept or whatever it may be. However, “To own” – a verb – doesn’t necessarily mean to own or have something, it also means to know something or that it is a part of you or “admit or acknowledge that something is the case or that one feels a certain way”- Google. Affluential philosophers have argued the various ways of how to express ownership and possession that shows its universality on this well rounded topic. It’s claimed that it builds up moral character and denounced by its undesirable and detrimental effects – good or evil. It is, in fact, that ownership and its intricacy builds both and individual self-comprehension and group- identity.
Over the years, the sole pursuit of managerial capitalism, the basis of the Stockholder Theory, in its unconstrained manner through deception and manipulation has resulted in the promulgation of laws to protect the interests of stakeholders...
This separation between ownership and managerial control in this instance can be problematic as the principal and the agents have different interests and goals. In a large publicly traded corporation such as NOL/APL, shareholders (principals) lack direct control when the CEOs (agents) make decisions t...
Bibliography: Turnbull, S. (1997). Corporate governance: its scope, concerns and theories. Corporate Governance: An International Review, 5 (4), pp. 180--205.
The Asian Financial Crisis which exposed the corporate governance weaknesses was a wake-up call for all the policymakers, standard setters as well as the companies (OECD, 2014). The parties that involved and affected from the crisis started to realize the importance of having strong corporate governance practices in their countries. Consequently, the Asian economies along with the OECD established the Asian Roundtable on Corporate Governance in 1999, in order to support the enhancement of corporate governance rules and practices (OECD, 2014).
Nottingham Trent University. (2013). Lecture 1 - An Introduction to Corporate Governance. Available: https://now.ntu.ac.uk/d2l/le/content/248250/viewContent/1053845/View. Last accessed 16th Dec 2013.
The office of the Director of Corporate Enforcement (ODCE, 2015), Ireland defines Corporate Governance as “the system, principles and process by which organisations are directed and controlled. The principles underlying corporate governance are based on conducting the business with integrity and fairness, being transparent with regard to all transactions, making all the necessary disclosures and decisions and complying with all the laws of the land”. It is the system for protecting and advancing the shareholder’s interest by setting strategic direction for the firm and achieving them by electing and monitoring the capable management (Solomon, 2010). It is the process of protecting the stakes of various parties that have their interest attached with a company (Fernando, 2009). Corporate governance is the procedure through which the management of the company is achieving the goals of various stake holders (Becht, Macro, Patrick and Alisa,
Studying Banking and Finance at University of St.Gallen will help me further increase my proficiency in corporate finance and financial markets. The in-depth research of specific topics, as well as a comprehensive curriculum, is a possibility for me to focus on my topic of interest – the mechanisms and institutions involved in providing venture capital and identifying angel investors as means to encourage innovation.... ... middle of paper ... ...