...Diversity: Scorecard Why Board Diversity Equals Success Alicia Yi Managing Director, Strategic Client Services Korn/Ferry International Women vs. Men’s Tertiary Education * The score above show the proportion of women to every 100 men. ** Source: MasterCard Worldwide Index of Women’s Advancement Asia’s Growth Model is Shifting… MARKET SHIFT ASIA 1.0 (1985 – 2005) THE IMPETUS FOR CHANGE — Reduced Western Consumer Spending — Emerging Consumerism in Asia — Shifting R&D investments — Asia’s drive to innovate — Asia’s need to move up the value chain — Unemployment in the west — Western companies Asianizing — Asian companies globalizing ASIA 2.0 (2006 – 2020) CONSUMER SHIFT MADE IN ASIA MADE FOR ASIA INNOVATION SHIFT THE WORLD’S FACTORY and BACK OFFICE THE WORLD’S LABORATORY and KNOWLEDGE OFFICE JOBS SHIFT CHEAP and PRODUCTIVE WORKFORCE CREATIVE and INNOVATIVE TALENT Asia Advancing - Innovation Tata Nano : the $3,000 car was conceived and developed in India LG LX9500 : the world’s first 3D LED TV Mac 400 : a hand-held cardiogram ($800) developed by GE in India Kaohsiung Stadium : World’s first solar powered stadium – in Taiwan The USB Credit Card : developed by Shinhan Card in Korea Eko Hybrid: World’s first hybrid 2-wheeler ($500) – in Bangalore F1 Night Race : World’s first night race in Singapore Harmony Express: World’s fastest train (394 kmph) in China Four Leadership Styles Leaders most likely...
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...Since 1945 Bajaj Auto Limited 3rd Annual Report 2009-10 Bajaj Auto Limited 3rd Annual Report 2009-10 Pulsar- AME 2010 Most E cient Use of Branded Content Discover DTS-i Kawasaki Ninja 250R CNBC Overdrive 2010 Bike of the Year CNBC Overdrive 2010 Storyboard Auto Commercial of the Year (Bike) Kawasaki Ninja 250R ET NOW Zigwheels Award 2009 250cc Bike of the Year Kawasaki Ninja 250R Business Standard Motoring 2010 Motoring Bike of the Year Kawasaki Ninja 250R IMOTY 2010 Indian Motorcycle of the Year Pulsar Mania E e Awards 2009 Category: Consumer Durables Recent awards for our products Kawasaki Ninja 250R NDTV Pro t Car & Bike Awards 2010 Two Wheeler of the Year Bajaj Auto NDTV Pro t Car & Bike Awards 2010 Best Integrated Campaign 2 Wheeler Kawasaki Ninja 250R NDTV Pro t Car & Bike Awards 2010 Motorcycle of the Year up to 250cc CONTENTS Management Team ............................................................................................................................................... 3 Chairman’s Letter ................................................................................................................................................... 4 Management Discussion and Analysis .......................................................................................................... 7 Corporate Governance ...................................................................................................................
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...Qatar, Bahrain. Bahrain Egypt Qatar Presence through joint ventures: Egypt and Jordan. Saudi Arabia UAE Oman Annual Report 2011 | 3 Table of contents Chairman’s Statement Mission, Vision & Values Company Overview Board of Directors Report Board of Directors Profile Our Brands Our People Corporate Social Responsibilities Detailed Review of Principal Activities for 2011 Operating Costs Share of Results of Associates and Joint Ventures Statutory Payments Net Income Cash Flows Distribution Policy Board Meetings and Directors Disclosure Senior Management Disclosure Related Party Transactions Segmental Reporting and Geographical Analysis Subsidiaries Risk Management Corporate Governance Audit and Risk Committee Nomination and Remuneration Committee Key Financial Highlights of the Last Five Years - Results, Assets, Liabilities and Key Indicators General Assembly Meeting Certification Auditors’ Report 52 53 53 55 5 7 9 11 12 14 23 25 28 32 34 35 36 36 41 42 43 45 46 48 49 49 49 51 4 | Annual Report 2011 Annual Report 2011 | 5 Chairman’s Statement Another year of record operating results and continued commitment to long term investment strategy - despite the significant challenges faced. Dear Shareholders, On behalf of the Board of Directors, I am delighted to be able to present Almarai’s Annual Report, covering the year ended 31 December 2011. 2011 was a challenging 12 months for Almarai. Worldwide, the food and beverage industry was impacted by commodity...
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...The board of directors, and its audit committee, can be an effective [4] corporate governance mechanism. [a] Discuss the pros and cons of allowing inside directors to serve on the board. Describe typical responsibilities of audit committees. Professional standards note that the board of directors and its audit committee are an important component of an entity’s control environment. Those standards (e.g., see Appendix B in AU Section 314) note that “an entity’s control consciousness is influenced significantly by the entity’s board of directors or audit committee.” Frequently, the board of directors is viewed as the top internal control mechanism responsible for overseeing the actions of top management on behalf of the shareholders. Because shareholders are generally not able to monitor management on a day-to-day basis, they delegate that responsibility to the board of directors. The board is responsible for raising and pursuing difficult questions with top management. Because the board is responsible for monitoring entity activities, it is important to include insiders on the board to ensure that the board has the necessary information about company transactions and activities to make decisions that are in the best interests of shareholders. Thus, most company boards of directors include several members from the company’s top executive team as full members of the board. Those members help provide necessary information to the board as it makes key decisions. However...
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...Executive Compensation | BLAW 5175 Simulation Exercise #1 | Group Aerospace | Part 1: The objectives of executive compensation: The issue of executive compensation is a topic of much debate. Executives are often ridiculed as their compensation packages may not coincide with the performance of their organization or be deemed too lavish by shareholders or advocacy groups. However, compensation is not decided arbitrarily. Organizations enlist boards and outside consultants, and with the aid of industry benchmarks establish packages that fairly represent the duties of high ranking company employees. Executives inherently shoulder more responsibility as spokespeople for companies and being tasked with difficult endeavors such as company-wide change, company direction, and company morals and values. As such, the compensation packages need to accurately reflect the responsibilities of an executive. The objectives of objectives of an executive compensation program can be summarized in three main points: * Align the interests of executives and shareholders. Companies seek to align the interests of executives with shareholders through equity-based compensation and share ownership requirements1. * Link rewards to performance. Companies seek to implement a pay-for-performance philosophy by tying a significant portion of executives’ compensation to their achievements of financial and discretionary goals that are linked to a Company’s business strategy and each executive’s...
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...hard to secure financing. At first, two engineers invest $60000 to found the Alantec Company. However, within six months, they needed capital to keep their enterprise going, so 1.5 million was invested. In 1989, the reduced revenue and cash flow have created an immediate need for cash, and TA felt it is too risky to be supported any longer by a single venture investor. But at that time, no one was interesting to put their money in Alantec at $0.88 per share, so they drop it at $0.30 per share. This action, in my view, can be seen as the best interests of corporation. If not doing this, the company may suffer in bankruptcy. If Alantec bankrupt at that time, not only the founders, but also the VCs will suffer from it. So I believe the Board of Directors fulfills their fiduciary...
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...Business Ethics Reform Heidi Hamilton MGT320-3 – The Legal Environment of Business Colorado State University-Global Campus Dr. Jason Lum April 26, 2013 Business Ethics Reform There have been many, increasingly significant business scandals and failures over the past forty years. There were the bribery scandals of the 1970s, the defense industry scandals of the 1980s, and the Savings & Loan scandals of the 1908s and 1990s. After that came the dot-com collapse, the accounting scandals involving Enron and WorldCom, and most recently the financial scandals and crisis of 2006-2009, whose effects have been the most damaging, and significant worldwide (Brekert, 2010). History gives us an early warning about ethical pitfalls of business and the tragedies that result from those ethical failures in business. People have been aware of these problems for quite some time. The ancient Greek historian Plybius said that Carthage fell because "nothing that leads to profit is considered disgraceful" (Cuilla, 2011). This goes to show that the basic problems of business ethics are not new. The only thing that changes is the cultural and technological aspects of the problem. Even Ptah-hotep in his book written between 2550-2300 BCE wrote about a person's responsibilities at work. These responsibilities include adherence to duty, self-control, and transparency or vigilance against those who want to bribe or make secret deals (Cuilla, 2011). If history has taught us that...
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...The Hongkong and Shanghai Banking Corporation Limited Annual Report and Accounts 2012 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED Annual Report and Accounts 2012 Contents Financial Highlights ........................................................................................................................................... Report of the Directors ...................................................................................................................................... Financial Review ............................................................................................................................................... Statement of Directors’ Responsibilities ............................................................................................................ Auditor’s Report ................................................................................................................................................ Financial Statements .......................................................................................................................................... Consolidated income statement ......................................................................................................................... Consolidated statement of comprehensive income ............................................................................................ Consolidated balance sheet .......................................
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...Corporate governance refers to the system by which corporations are directed and controlled. The governance structure specifies the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and specifies the rules and procedures for making decisions in corporate affairs. Governance provides the structure through which corporations set and pursue their objectives, while reflecting the context of the social, regulatory and market environment. Governance is a mechanism for monitoring the actions, policies and decisions of corporations. Governance involves the alignment of interests among the stakeholders.[ Contemporary discussions of corporate governance tend to refer to principles raised in three documents released since 1990: The Cadbury Report (UK, 1992), the Principles of Corporate Governance (OECD, 1998 and 2004), the Sarbanes-Oxley Act of 2002 (US, 2002). The Cadbury and OECD reports present general principles around which businesses are expected to operate to assure proper governance. The Sarbanes-Oxley Act, informally referred to as Sarbox or Sox, is an attempt by the federal government in the United States to legislate several of the principles recommended in the Cadbury and OECD reports. * Rights and equitable treatment of shareholders:[15][16][17] Organizations should respect the rights of shareholders and help shareholders...
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...Prospectus for food and beverage according to company act Section 136-140 1.Inclusion * In food and beverage industry under this section the person by whom the offer is made, and not the company, shall be liable under sub section (2), to repay money received from applicants, and references to the company’s liability under that sub section shall be construed accordingly. 2.Modification * Under this section a prospectus inviting persons to subscribe for shares in or debentures of a company shall include a statement purporting to be made by an expert, if the expert is a person who is engaged or interested in the formation or promotion or promotion or management of the company. It will be more effective for food and beverage sector. * In food and beverage industry if any prospectus is issued in contravention of sections 136 and 137, the company and every person, who is knowingly a party to the issue thereof, shall be punishable with fine which may extend to seven thousand taka. * Prospectus of food and beverage industry shall state that application has been made for permission for the shares or debentures offered there by for being dealt in a stock exchange, if it is a recognised stock exchange. 3.Amendment * A prospectus inviting persons to subscribe for shares in or debentures of a company shall not include a statement purporting to be made by an expert, unless the expert is a person who is not, and has not been, engaged or interested...
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...reserved. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means electronic or mechanical, without permission. For enquiries regarding bulk purchases and reprint permissions, please call 91-40-23430462/63 or write to ICFAI Center for Management Research, 49, Nagarjuna Hills, Panjagutta, Hyderabad 500082, India or email icmr@icfai.org. Copies of this case can also be purchased online from the ICMR website, www.icmrindia.org. BECG/035 GOVERNANCE ISSUES AT THE NEW YORK STOCK EXCHANGE “The New York Stock Exchange is long overdue for a very serious and thorough examination and overhaul of its governance. The very fact that they nominate their own board without any input from anyone else should not be tolerated.” - Nell Minow, Editor, Corporate-Governance Research Firm - The Corporate Library in August 2003.1 op y “Today, we take an important step towards a governance architecture with standards of independence and disclosure that are comparable to or stronger than those we require of our listed companies.” C - John Reed, Interim Chairman & CEO – New York Stock Exchange (NYSE) commenting on the proposed NYSE reforms, in November 2003.2 ot PAYBACK TIME AT NYSE o N On September 18, 2003, Richard Grasso...
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...Running Head: Corporate Duties Corporate Duties Nicole Sherwood BUS670: Legal Environment Alexis Hooley March 26, 2012 Abstract Corporations are intricate entities and require many people to aid in its success. The main groups that actively contribute to the corporation are the directors, officers, and shareholders. Each group is vital to the success of the organization. A corporation is a company in the marketplace and is comprised of many people who have specific duties and responsibilities. All people who are part of the corporation are considered corporate people and are important to the day-to-day functioning of the corporation. Some corporate people are given duties that are necessary to achieve the mission of the organization. The key people within a corporation who are responsible for the mission of the organization are the directors, officers, and shareholders. The success of the corporation is largely due the work and success of these people. Duties of Directors of Corporations Directors of a corporation are largely responsible for the day-to-day operations and the direct success of the corporation. The main duty of the directors is to implement control and management within the corporation and to ensure that all functions are carried out in a smooth manger (McNamara, 2008). Part of ensure this is to define the policies and procedures of the organization so that company employees understand...
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...Respectfully Submitted: October, 2011 A Plan for Stephanie & CHI TABLE OF CONTENTS Plan summary…………………………………………………………………………3 Budgeting Process…………………………………………………………………….4 Dash Board……………………………………………………………………………5 Non-Profit Ratio Measurements’/Standards………………………………………..9 Professional Development..................................................................................….....12 14 Rules for Managing the Board…………………………………………………..13 Closing Statement……………………………………………………………………16 Appendix……………………………………………………………………………..17 Supplemental Dash Board calculations…..………………………attached via Excel Plan Summary Community Health Initiatives (CHI) is a nonprofit whose mission is to provide education and support to chronically ill individuals and their families who reside in the surrounding metropolitan area. Stephanie has recently been hired as the director of finance of CHI and faces many challenges as the organization has doubled in size over the past year. The goal for both CHI and Stephanie is to develop a plan which Stephanie can follow over the next 3 months as she develops accounting processes that will provide the CHI leadership (executive director and board of directors) with the right type of information designed to be useful for decision support, planning, and control. In short, T1 Consultants will provide the following recommendations to both CHI...
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...Constitution of the Corporate and Securities Litigation Group First Amended Version enacted April 13, 2010 by assent of the General Board of the Corporate and Securities Litigation Group. |VA TÇwÜxã eÉç |WtÑ{Çx WâÑÄxáá|á |mtv{tÜç e|utv~ |UÜ|ààtÇ| etâÄxÜáÉÇ | |President |Vice-President |Treasurer |Secretary | |^tà{ÜçÇ `tàtÜxáx |]Éçvx UA eÉwÜ|zâxé |V{Ü|áàÉÑ{xÜ `tÜÉààt | |Intermural Chair |Intramural Chair, |Journal Co-Chair | | |Journal Co-Chair | | University of Florida Fredric G. Levin College of Law ARTICLE I Name of Organization The name of this organization is the “Corporate and Securities Litigation Group” and is also referred to as “CSLG.” ARTICLE II Purpose of CSLG The primary purpose of this organization is to assemble together, educate and involve University of Florida Law students in one of the most lucrative...
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...Apex Adelchi Footwear Limited Annual Report CONTENTS Corporate Directory Notice of Annual General Meeting Financial Highlights Value Added Statement Report of the Directors Status of Securities and Exchange Commission Compliance Auditors’ Report to the Shareholders Balance Sheet Profit & Loss Account Cash Flow Statement Statement of Changes in Equity Notes to the Accounts 2 3 4 5 6 21 24 25 26 27 28 29 Apex Adelchi Footwear Limited Annual Report CORPORATE DIRECTORY BOARD OF DIRECTORS Syed Manzur Elahi Syed Nasim Manzur Munize Manzur Khasru Syed Gias Hussain Niaz Ahmed Choudhury Adelchi Sergio Samson H. Chowdhury Chairman Managing Director Director Director Director Director Independent Director Managing Director Deputy Managing Director & CFO Executive Director Executive Director Company Secretary Financial Controller General Manager General Manager Head of Human Resources General Manager MANAGEMENT TEAM Syed Nasim Manzur Syed Gias Hussain Abdul Momen Bhuiyan A.A. Mosaddeque S.M. Shahjahan Dilip Kajuri Atiqul Islam Syed Md. Mustaque Md. Mominul Ahsan Pradip Kanti Saha AUDITORS Shiraz Khan Basak & Co. Chartered Accountants TAX ADVISER Khandker Fazlul Quadir LEGAL ADVISER Muhammad Mohsen Rashid Advocate, Supreme Court of Bangladesh BANKERS Janata Bank Limited Bank Asia Limited Prime Bank Limited City Bank Limited Bank Al Falah Limited REGISTERED OFFICE House No. 06, Road No. 137 Block - SE(D) , Gulshan-1 Dhaka-1212, Bangladesh Email:...
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