...Presentation of the CEO’s Position 2 As the CEO of Kardell’s it is my responsible to examine each of the views of the stakeholders and form a course of action concerning the sonox issues. This course of action in which I choose will be solely based on facts and should be in the best interest of the company not on personal feelings of the concerned parties. The proposed plan would involve shutting the plant down for approximately a year and then only partially running for the next year in order to make the necessary upgrades to keep the contamination from happening. The first group’s concerns that I will examine will be the investors. Their primary concern is the rate of return they get on their investment. They have come up with an alternative plan to keep from shutting down the plant for the two years. Their argument is that there is no evidence that the Sonox chemical have a negative impact on the environment or the health of the people in the community and because of these facts, the plant should not close for any period of time and loose profits. The next group is the citizens of Riverside. The citizen’s primary concern is the health of the people in their community and the affects of the environment of the contamination of the Sonox chemical that might be going into their water supply. They understand that if the plant must be closed for a period it would hurt their economy in the community but they are only concerned about the health of people, animals and the environment...
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...Do CFO's make better CEO'S? Introduction The CFO possesses many significant advantages as well as disadvantages if he/she is chosen to become the CEO. Recently an increasing number of company boards have decided that in order to best serve shareholders it is prudent to promote the CFO to CEO. CFOs themselves remain reticent about any personal ambitions beyond the CFO role - at least in public. But given this recent string of high profile promotions there is an increasing recognition that they have what it takes to take over the CEO role. To understand why CFOs are more frequently getting the top job it is important to know what the contemporary holder of the post does with his time. Article entitled “CFO to CEO” explains that the Monty Python image of an accountant sitting in a corner counting beans has disappeared, says Ian Graves, district director of continental Europe, at recruitment agency Robert Half International. Bluntly put, CFOs are now a much more exciting breed. In the 1990s, the CFO role became more dynamic and strategic, moving from being merely a functional head to also being a corporate leader (“CFO to CEO”, 2005). CEOs can benefit greatly from a CFO background. They will have a well grounded idea of how the financial laws affect the company as well as how official documents are created and how they are submitted. In short, the CEO with this background will be another possible safety net and another eye looking for deceit in the lower ranks. There are...
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...segment of the workplace and to demonstrate your strategic skills to the CEO. You will share some of the essential strategic and administrative steps for this important function of Human Resources and will include metrics for which to evaluate the recruitment and selection approach that will be implemented. The situation: Suppose that you are the new HR Director at HSS (the case study presented in our Course Resources under modules) and you have already made a presentation to the CEO and the Board of Directors on the need for HR planning and and enhanced strategic role that HR must play in the organization. After that presentation, and having read the research on managing human resources strategically that you have presented (assignment 2 literature review), the CEO confides that she has been thinking about how the senior staff in the organization are recruited and selected. As a result, she has asked you to propose new recruitment and selection methods for the senior level employees. Deliverable: The CEO's directive to you is to prepare a short (approximately five-page double spaced) proposal that includes at the least: 1. A cover memo to the CEO providing an overview of the task assigned and a summary of your proposal 2. A description of at least three recruitment approaches that could be considered 3. A description of at least three selection approaches that could be considered 4. A cost/benefit analysis and comparison of the approaches of both the recruitment...
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...Team Presentation and Case Study Report Your Assignment: You are a member of a self-managing team. Your team will function as a consulting team brought into the case study company to Evaluate the current management and strategic planning issues. You will present the Board of Directors with a proposed Strategic Plan for the case company. The Strategic Plan should be designed to assure the firm's proper alignment with its future (5-10 years) environment. I. Starting Point: Enterprise Profile -Current Purpose/Mission of the Firm and Current Strategy Orientation of Top Managers -Values, Preferences -CEO's Vision -Where does the CEO want to take the Company over the next 5 years? -Organizational Culture -e.g. risk taker, innovative, internally focused, bureaucratic II. SWOT Analysis External Environmental Analysis- Opportunities and Threats They are found in the economic, socio/cultural (demographic), political/legal, international and technological dimensions of the General environment. The Task environment includes: competitors, customers, suppliers, partners and regulators. Internal Environmental Analysis – Strengths & Weaknesses Perform an "audit" of the internal environment -look at: -financial status -debt, cash flow, profitability -managerial and employee status -motivated, well trained, turnover rates, market position -product quality -customer relations -production...
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...1) Ted Devine, CEO Insureon Inside the LaSalle Atrium Building in downtown Chicago, a short walk from Lake Michigan, Insureon CEO Ted Devine has his desk arranged in one corner of the company's open-plan office space. The CFO is adjacent. The head of marketing sits just 15 feet away, and the head of sales is nearby. There are no offices--not even cubicle dividers. In fact, from where Devine sits, he can look out on all 20 of his employees at company headquarters. Devine came to Insureon in 2011 from Aon Risk Services, where, as president, he worked in a more traditional setting, one befitting the guy in charge of an operation with 28,000 employees and $5 billion in annual revenue. But it drove him crazy, Devine says, to sit in his resplendent office and see people lining up in the hallway outside, as if waiting to be granted an audience with the pope. So for Devine, the open floor plan he instituted at Insureon conveys a message that extends far beyond any interior design aesthetic. It goes to the heart of the company's management style and workplace culture. It symbolizes an openness of spirit and Devine's availability to everyone in the company, no matter their station--and no waiting required. "For me it says a couple things about leadership," he says. "One is: No walls, no barriers, no hierarchy. Everybody can talk to everybody. Everybody can participate in a decision. We work together, and that's very important in leadership." In his eagerness to tear down the...
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...When we say German GAAP, we refer to principles that are based on German Commercial Code (Nandelsgesetbuch, or HGB), and German Accounting Standards (GAS) that are set by German Accounting Standards Committee (GASC). GASC has similar function as Financial Accounting Standard Board (FASB) in United States – to develop and set accounting reporting standards, the process which includes publication of draft of standards, comments period, revision of draft period, public discussion, and finally, adoption of new standards. Germany has two entitles that serve as an enforcement mechanism of financial standards and as a mechanism that review and examine accounting standards in Germany – Financial Reporting Enforcement Panel (FREP) and Federal Financial Supervisory Authority (FFSA). In United States, enforcement mechanism of accounting principles is U.S. Securities and Exchange Committee (SEC). SEC’s mission is “to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation”, so the enforcement of accounting principals is only part of the SEC’s job (SEC, 2014). IFRS or German GAAP? Although Germany requires to use IFRS for publicly traded companies, German companies still have to use GAS for separate financial statements of publicly traded companies, and for any non-publicly traded company. That is because German taxation system is interconnected with GAS, and German tax law have not been renewed to reflect changes brought by IFRS. While modernization...
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...Dear Sir or Madam, I was very excited to read the advertisement on the Abercrombie & Kent website for the role of a Sales Support Assistant. A graduate of the University of Kent with relevant experience as an assistant to the CEO of a children’s charity, I am confident that I possess the personal qualities as well as the professional skills required to have success in the advertised role. My enthusiasm for pursuing a career in this area stems from my passionate interest in world travel, having independently travelled to Southeast Asia for three months, and my desire to provide exceptional administrative support within a fast-paced environment. In addition, I am motivated by a wish to make full use of my excellent interpersonal and organisational skills. Abercrombie & Kent has established its credentials as a leader in the provision of luxury and tailor-made holidays and the company’s success at the 2012 British Travel Awards is a testament to its client-focused philosophy and delivery of an extraordinary travel experience. Undoubtedly, I would relish the opportunity to pursue my interest in an administrative support and travel industry career with such a renowned organisation that would inevitably provide excellent opportunities for my personal and professional development. Firstly, as an assistant to the CEO of a children’s charity, I have shown excellent communication skills and an ability to maintain effective working relationships with internal and external...
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...Wall Street New York, NY 10005 December 7, 2011 RE: Is CEO Compensation Fair? Dear employee, Accompanying this letter is our completed report that discusses the issue of the fairness of current CEO compensation. Although there are two sides of this argument, recent legislation and regulations for reform tend to support those who believe it is unfair. We have evaluated the current standards of CEO compensation and examined why both sides think they should prevail. There are some advantages that strongly support CEO’s huge salaries, including the following: * Provides incentives and motivates the CEO to obtain or surpass corporate objectives * Retains key-value leaders for the long-term, resulting in consistent corporate success * Creates a strong CEO confidence for him/her to reinvest in the corporation (bonds) Our overall research indicates that CEO compensation does not reflect actual performance in most cases. Many CEO’s are grossly over compensated (including stock options, bonuses, hedge funds, and other benefits). The “Golden Parachute” guarantee adds insult to injury. Based on our research, conducted from the UNLV Library periodicals database and online sources, we recommend the following: * Require corporations to adhere to sections 951, 953, 955 and 956 of the Dodd-Frank Bill * Maintain a collective (“Esprit de corps”) work force environment for all employees * Consult third party professional payroll agencies that evaluate...
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...Planning Paper MGT/230 May 28, 2012 Week II Assignment Page 1 Planning Paper As assuming the role as a executive for a major company such as BP you can often expect to prepare presentations and present them for the board of directors. When you are in the meetings it’s generally about updates and informing the board members of the organization’s direction and potential changes that may be implemented. The first thing that has to happen is that the two structures of differentiation and integration will have to come together in efforts to help with the planning phase of this project. The goals of BP Oil Company are to become the world’s number one supplier of oil and to be the wealthiest organization in the oil industry. However there are a few other competitors that the company has to stay in competition with, such as Amoco Oil Company, and Wa-Wa, Exxon Mobile Gas Company as well as Sunoco, Gulf Gas and a few other local gas stations. Each state in the Unites States happens to have their own local gas stations some are the small “mom and pop” type of business within a rural town or area. And in the urban and suburban localities there are a lot of franchises of BP oil called Valero and a different mixture of the other competitors as well. Alongside of those franchises BP is the companies name and the goal is to start a better form of marketing and...
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... the fact that affirmative action still exist is strong evidence, as well. According to Wikipedia, Affirmative action “refers to the policies that take to race, ethnicity, physical disabilities, military career, gender, or a person's parents' social class into consideration”. Many think affirmative action is unnecessary, but statistics show that 95% to 97% white men have corporate positions (“Talking”). These statistics are bad enough, so imagine if there were no affirmative action policies in place. There is no doubt an undeniable gap exist between the rich and the poor and it is difficult to argue that Americans live in a classless society. Many object to affirmative action policies, because they believe that it advocates reverse discrimination. This is certainly not the reason for affirmative action, it is only to create a diverse balance and make sure other qualified people are not looked over for their race, color, class, etc. Another problem in business is the “Glass Ceiling”. This is said to be indirect discrimination against women and minorities from advancing to upper level positions within their job. In the 20th century, women are still paid 21% less than a man, which is just like a...
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...1.2 Current situation * 2 Roles and functions * 2.1 COO as successor * 3 Relationship with CEO * 4 Relationship with board of directors * 5 Failure in the COO role * 6 Experts and research * 7 List of notable COOs * 7.1 Current * 8 References * 9 Further reading | Responsibilities and similar titles Unlike other C-suite positions, which tend to be defined according to commonly designated responsibilities across most companies, the COO job tends to be defined in relation to the specific CEO with whom he/she works, given the close working relationship of these two individuals.[3] In many ways, the selection of a COO is similar to the selection of a Vice President of the United States: the role (including the power and responsibilities therein) can vary dramatically, depending on the style and needs of the President of the United States. Thus, the COO role is highly contingent and situational, as the role changes from company to company and even from CEO to successor CEO within the same company.[3] Corporate president In a similar vein to the COO, the title of corporate President as a separate position (as opposed to President and CEO, or President and COO) is also loosely...
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...within Australia This paper suggests a new proposition to explain why M&A activity may be value destroying for the acquirers: Success or failure for the acquiring firm’s shareholders in M&A is a function of the combined tenure, personal motivation, and recent performance of the Chairman and Chief Executive Officer (CEO) of the acquiring firm. This examination of the combined effectiveness of the Chairman and CEO is not something that appears to have been undertaken before. The paper will present the constituent hypotheses of the main proposition, followed by a literature review, a presentation of findings from a pilot study, conclusions and next steps. Four constituent hypotheses, each of which refers to the performance of the Chairman and CEO, arise out of the pilot study: Hypothesis 1. The length of time that the Chairman and CEO of the acquiring firm have been together in their respective positions at the time of the acquisition will determine the success or otherwise of the outcome of the acquisition. Page | 38 Proceedings of the 2nd International Conference on Corporate Governance Garrow Hypothesis 2. The personal motivation of the CEO and Chairman will determine the M&A activity within the acquiring firm. Hypothesis 3. The stability of the acquirer’s strategy during the three year period prior to the...
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...confidence to stand alone, the courage to make tough decisions and the compassion to listen to the needs of others. He does not set out to be a leader, but becomes one by the equality of the integrity of his intent” (Douglas McArthur) Final Research Report - 7051-141-1 Colin Brand Page 2 of 240 ACKNOWLEDGEMENT PAGE This report is dedicated to the following exceptional people in my life, without whom, this would not have been possible. Special mention is to be made of Lindsay, my wife, for all her support. • Lindsay, Tamara, and Kyndra-Lee for their support and tolerance during a long and trying time. My sincere thanks and appreciation is extended to: • Professor Makin for her guidance. • Dr Sidney Shipham for his guidance. • The CEO’s, for affording me the opportunity to survey their environment as well as the Functional Managers, Supervisors and other members of companies who assisted by taking the time to complete the survey. • Professor Groeneveldt and Mr Paul Mokena of the TUT Research Department for guidance on the research methodology sample and research instrument. • Ms Jenny Fidler for the continual language editing, throughout the process. I certify that except as noted above the report is my own work and all references used are accurately reported. (Colin G. Brand) ____________ STUDENT 7050-141-1 DATE Final...
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...stock exchange lists the parent and what is the parent’s stock exchange trading symbol(s)? NASDAQ OMX Copenhagen A/S Ticker: BO A5 What is the group’s classification code(s) SIC/ ICB 3700 NAICS 811490 (Personal & Household Goods) ISIC/ ISIN DK0010218429 NACE A6 Identify any changes in Board of Directors or in Board of Management during the past year. During the past year there have been two changes in the Board of directors. Jim Hagemann Snabe replaced Niels Bjørn Christiansen, while Per Østergaard Frederiksen was elected by the employees and replaced Anette Revsgaard Sejbjerg. A7 When and where will the next Annual General Meeting take place? 21.09.2012 – Struer Statsgymasium A8 A9 Review the Presentation of the Group and Its Business in the Annual Report. What does it say about: A9.1 At the end of the financial year, Bang & Olufsen employed 2,106 people (Note 3 states: 1393 Denmark and 639 abroad, equals 2032???). A9.2 Company’s products are currently sold in more than 70 countries across the world. A9.3 Business-to-consumer (B2C) business and Business-to-business (B2B) business. A9.5 The B2C consists of the AV and the B&O PLAY segments. The AV business comprises audio and video products sold under the Bang & Olufsen brand in more than 900 dedicated stores. B&O PLAY is the new brand in the Bang & Olufsen family offering premium audio and visual equipment for the digital generation A9.4 Major business segments....
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...Two weeks after Paul Polman had been appointed as Chief Executive, he asked for a review meeting with Cathy Bautista, Head of Unilever’s Knowledge Management Group. At the meeting they discussed Unilever’s achievements in establishing communities of practice and various knowledge repositories. However, he was concerned about the extent to which Unilever’s knowledge creation and transfer processes were aligned to corporate objectives and strategies. His fear was while there may be a lot of learning and knowledge within Unilever, it might be insufficiently focused towards delivering better products and services. He asked Cathy to re-evaluate current knowledge management activities from a strategic perspective and to put forward recommendations that would move Unilever towards a more purposeful approach to its learning and knowledge. Unilever is one of the largest consumer goods companies in the world with an annual turnover of $40bn. The company employs around 250,000 people based in over 100 countries. It has a large and varied portfolio of foods, home and personal care products including such well-known brands as Flora, Omo, Ragu, Calvin Klein and Dove. Unilever invests around 2.5 per cent of its annual turnover in research and development leading to continuous product innovations and filing of patents each year. It takes learning and knowledge seriously and believes that transferring this knowledge into its products and services is a key source of competitive advantage. The...
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