...ROLE OF MEDIA IN PROMOTING GOOD GOVERNANCE Media are the storage and transmission channel or tool used to store and deliver information or data. Media are (mostly) non state actors who define themselves apart from the state and from all other societal actors (what Edmund Burke described as a “fourth estate”, distinct from government, church and electorate). While this notion of free and independent media acting on behalf of the citizen against both state and other interests is a widespread ideal, the reality of most media worldwide is complex, rapidly changing and extraordinarily diverse. Media can consist of everything from national newspapers to student magazines, global broadcasters to community radio, websites and blogs to social networks and virtual communities, citizen journalists to government mouthpieces. This briefing focuses principally on media – and to a lesser extent on linked information and technologies - at a national level within developing countries. The term media refers to several different forms of communication required to educate and make a socially aware nation. The communication forms can be radio, television, cinema, magazines, newspapers, and/or Internet-based web sites. These forms often play a varied and vital role in our society. GOVERNANCE Recently the terms "governance" and "good governance" are being increasingly used in development literature. Bad governance is being increasingly regarded as one of the root causes of all evil within our...
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...Good governance has been a key concept for democratic development in many countries around the world during the past few decades. Thailand is one of those which have embraced the idea. The notion of good governance was first given importance and included in the Thai national agenda in the 1990’s. At its inception, not many people, particularly those at the grassroot level, understood what it meant. There were attempts to explain this concept to the public and even attempts by community leaders and scholars to translate into Thai the term “good governance” – dhama-bhibal – with the hope that it would make it easier to understand. The need to interpret the term in its various aspects remains, however. The explanations of good governance can be varied. One of these, which is widely accepted, focuses on the capability of the state to perform its key functions in response to the needs of its citizens, and to be accountable for what it does. Emphasis has therefore been placed on a people-centred ideology -- needs of the people, public interest, transparency, accountability and responsibility of the policy-makers. All these have also become central to establishing sustainable development. Based on the concept of transparency, one significant development that took place in the late 1990’s in Thailand was the promulgation of an Information Act. This Act, which stipulates the openness to the public of information in the possession of state agencies, clearly underpins the universally...
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...Topics: Role of Media in improving corporate governance. Environmental concerns and corporate governance CSR of any organization Prepared for: Mr.Sohail Tahir Prepared by: Altaf-Hussain (FA11-MBA-004/VHR) M.Sajjad (FA11-MBA-011/VHR) The Media Role in Corporate Governance Improvement What is media? Communication channels through which news, entertainment, education, data, or promotional messages are disseminated Types of Media Print Media Electronic Media Importance of media Media is the most powerful tool of communication. It helps promoting the right things on right time. It gives a real exposure to the mass audience about what is right or wrong. Even though media is linked with spreading fake news like a fire, but on the safe side, it helps a lot to inform us about the realities as well. "The world is moving towards progress in every walk of life. But when we look towards societies, it feels as if some thing is still missing. Money, power, lust, etc., is the wish of every human being to attain. But we can't deny this fact that we all are bounded with loads of social problems, which are hard nuts to crack. Social issues are matters which directly or indirectly affect many or all members of a society and are considered to be problems, controversies related to moral values, or both. Social issues include poverty, violence, corruption, bribery, suppression of human rights, discrimination, and crime, killing in the name of honor, etc. "Media has a constructive...
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...social guarantee to reduce and eliminate the behavior of its own security and interest security. Social trust and social credit as an important social capital and social resources focus on it for the role of social intercourse activities. Realistic experience shows people that mutual trust plays a significant role in the communication of social exchange activities. The society is a community of people and its existence need certain trust. This can be investigated from two dimensions; the first one is the transverse dimension of the plane dimension. Society is made up by numbers of people, if the society is lack of trust of the confidence is too low, it will be very difficult to communicate among people. Generally, there is a certain amount of trust existing in any society; the difference is the extent of the trust and level. The second one is the vertical of longitudinal dimension. Because of the social division of labor, there is a certain class or grade difference between different people. Society needs a specific management, and the right to manage requires a particular level of structure, which means a hierarchical social order arrangement is needed. Some economists believe that China has serious trust crisis, including the commercial credit crisis, the public good faith credibility crisis, interpersonal trust crisis and value crisis. What’s more, bureaucracy and corruption exist...
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...The Corporate Governance Role of the Media Alexander Dyck* Harvard Business School And Luigi Zingales University of Chicago May 2002 Abstract Do media play any role in corporate governance? In this paper we argue that media pressure corporate managers and directors to behave in ways that are “socially acceptable”. Sometimes this coincides with shareholders’ value maximization, others not. We provide both anecdotal and systematic evidence that media affect companies’ policy toward the environment and the amount of corporate resources that are diverted to the sole advantage of controlling shareholders. Our results have important consequences for the focus of the corporate governance debate and for the feasibility of reforms aimed at improving corporate governance around the world. * We thank Mehmet Beceren for assistance in preparing the data and Rakhesh Khurana, Jay Lorsch,, Forest Reinhardt, Richard Vietor, Andy Zelleke and seminar participants at Harvard Business School for helpful comments on an earlier draft. Alexander Dyck gratefully acknowledges financial support from the Division of Research of Harvard Business School and Luigi Zingales from the George Stigler Center at the University of Chicago. In April 1992 the Wall Street Journal published a strange ad. It was a full-page picture of a silhouette of the Board of Directors of Sears Roebuck with the title: the “non-performing assets of Sears”. The ad, paid by shareholder activist Robert Monks, exposed all the directors...
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...Volume 15 Issue 1 Special Issue: Comparative Corporate Governance 7-1-2003 Article 13 Corporate Governance in Malaysia Kamini Singam Recommended Citation Singam, Kamini (2003) "Corporate Governance in Malaysia," Bond Law Review: Vol. 15: Iss. 1, Article 13. Available at: http://epublications.bond.edu.au/blr/vol15/iss1/13 This Article is brought to you by the Faculty of Law at ePublications@bond. It has been accepted for inclusion in Bond Law Review by an authorized administrator of ePublications@bond. For more information, please contact Bond University's Repository Coordinator. Corporate Governance in Malaysia Abstract This article examines the corporate governance system in Malaysia. A sound corporate governance system should help create an environment conducive to the efficient and sustainable growth in the Malaysian corporate sector. Since the Southeast Asian financial crisis in 1997 – 98 (‘financial crisis’), corporate governance has become a key policy issue confronting many Southeast Asian countries, including Malaysia. This article considers the distinctive problems of corporate governance in Malaysia, despite several steps for reform that have taken place since the financial crisis. There will be a brief discussion on the meaning of corporate governance and an overview of the present status of corporate governance in Malaysia, in particular after the financial crisis. Keywords corporate governance, Malaysia, Southeast Asian financial crisis This...
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...Governance in Sport and the corruption of the IAAF (International Association of Athletics Federation) Introduction This report is going to analyse the corruption of the international association of athletics Federation, and will evaluate the practice that this sporting organisation carries out. The best practice in other organisations will be compared to the IAAF and will make recommendations for the future from other organisations in order for this company to improve. The IAAF have faced challenging, governing and integrity issues since the end of 2014, throughout 2015, and now even into 2016. Decades of doping scandals and conspiracy charges have been made public and the IAAF have a lot to answer to in order for operations to return back to normal. The article in which I will be evaluating is titled; Athletics Doping Scandal: Blood experts criticise IAAF Claims. It was published on the 28th November 2015, and gives an insight into the corruption of the IAAF and if misconduct is taking place over the world; it can be accessed via http://www.bbc.co.uk/sport/athletics/34953362 Governance in a sporting Organisation Governance plays a key role in all sporting organisations, it promotes ethical principles of conduct and helps to allow companies to work in regulations of the correct code of practice. International sporting organisations and leaders see governance as somewhat a critical challenge, this is because of the increasing repetition of corruption, match fixing, and doping...
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...Good governance means an ideal governing system that is inevitable for political, economic, social and cultural development of a country. Ideal governing system means the ideal orientation of a state that works best to achieve self-reliance, sustainable development and social justice and the ideal functioning of government that operate most efficiently. The United Nations Development Program (UNDP- “Governance and Sustainable Human Development, 1977) has identified five basic principles of good governance, which are stated below: * Legitimacy and voice: All men and women should have a voice in decision-making either directly or through legitimate intermediate institutions that represent their intention. * Direction: Leaders and the public have a broad and long-term perspective on good governance and human development, along with a sense of what is needed for such development. * Performance: Institutions and processes try to serve all stakeholders and institutions produce results that meet needs while making the best use of resources. * Accountability: Decision makers in government, the private sector and civil society organizations are accountable to the public. * Fairness: All men and women have opportunities to improve and maintain their well-being and legal framework should be fair and enforced impartially, particularly the laws on human rights. Bangladesh constitution provides most of the essential elements for good governance though the country is...
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...au/files/Report_on_Governance_at_5_Failed_Companies_031028.pdf By way of a recent example to illustrate my point, Jim Psaros and Michael Seamer in a recent Charter article 7 make the observation that, while the Corporate Governance Statement contained in the Harris Scafe’s 2000 financial statements indicates that the ‘directors are committed to the principles underpinning best practice in corporate governance’ their analysis, however, suggests that ‘the corporate governance practices of Harris Scarfe were less than ideal’.8 Organisations can have very good corporate governance structures and policies on paper but the substance of good corporate governance is clearly more important than the form. Another important ingredient that cannot be glossed over is the ‘soft’ subjective factors such as composition of boards and the quality of directors. At this point I turn to the audit role and particularly to the role and independence of external auditors which have recently received unprecedented scrutiny following the collapse of HIH, OneTel, Harris Scarfe and Ansett. I have already touched upon the critical issue of the independence for audit committees and my comments are equally applicable here. However, the increased scrutiny of the auditor’s role has meant that the general community and the media are again raising questions of audit effectiveness as well as about the ‘audit expectation gap’. Today it is rare for public accounting firms to advertise themselves as auditing firms, but rather...
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...Introduction Good corporate governance (GCG) in a corporate set up leads to maximize the value of the shareholders legally, ethically and on a sustainable basis, while ensuring equity and transparency to every stakeholder - the company's customers, employees, investors, vendors-partners, the government of the land and the community (Murthy, 2006). GCG is a must for ensuring the required values to different stakeholder groups. It enhances the performance of corporations, by creating an environment that motivates managers to maximize returns on investment, enhance operational efficiency and ensure long-term productivity growth. Consequently, such corporations attract the best talent on a global basis. It also ensures the conformance of corporations with the interests of investors and society, by creating fairness, transparency and accountability in business activities among employees, management and the board (Oman, 2001). Again, GCG increase public confidence in a corporation, and lowers the cost of capital for investment. According to a McKinsey study (2002), over 60% of investors cite Good Governance practices in a corporation as a key factor in their investment decisions. Today, GG becomes a slogan and a pride. Here, we can uses accounting as a mean for establishing and retaining corporate governance. Accounting is a process of compiling information for reporting the internal affairs of any entity to different stakeholders at the end of a certain interval. It is defined as...
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...THE ROLE OF THE MEDIA IN DEEPENING DEMOCRACY SHEILA S. CORONEL EXECUTIVE SUMMARY Since the 17th century, the role of the press as Fourth Estate and as a forum for public discussion and debate has been recognized. Today, despite the mass media’s propensity for sleaze, sensationalism and superficiality, the notion of the media as watchdog, as guardian of the public interest, and as a conduit between governors and the governed remains deeply ingrained. The reality, however, is that the media in new and restored democracy do not always live up to the ideal. They are hobbled by stringent laws, monopolistic ownership, and sometimes, the threat of brute force. State controls are not the only constraints. Serious reporting is difficult to sustain in competitive media markets that put a premium on the shallow and sensational. Moreover, the media are sometimes used as proxies in the battle between rival political groups, in the process sowing divisiveness rather than consensus, hate speech instead of sober debate, and suspicion rather than social trust. In these cases, the media contribute to public cynicism and democratic decay. Still, in many fledgling democracies, the media have been able to assert their role in buttressing and deepening democracy. Investigative reporting, which in some cases has led to the ouster of presidents and the fall of corrupt governments, has made the media an effective and credible watchdog and boosted its credibility among the public. Investigative reporting...
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...Recently the terms "governance" and "good governance" are being increasingly used in development literature. Bad governance is being increasingly regarded as one of the root causes of all evil within our societies. Major donors and international financial institutions are increasingly basing their aid and loans on the condition that reforms that ensure "good governance" are undertaken. The concept of "governance" is not new. It is as old as human civilization. Simply put "governance" means: the process of decision-making and the process by which decisions are implemented (or not implemented). Governance can be used in several contexts such as corporate governance, international governance, national governance and local governance. Since governance is the process of decision-making and the process by which decisions are implemented, an analysis of governance focuses on the formal and informal actors involved in decision-making and implementing the decisions made and the formal and informal structures that have been set in place to arrive at and implement the decision. Government is one of the actors in governance. Other actors involved in governance vary depending on the level of government that is under discussion. In rural areas, for example, other actors may include influential land lords, associations of peasant farmers, cooperatives, NGOs, research institutes, religious leaders, finance institutions political parties, the military etc. The situation in urban areas is much...
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...mandate of the committee is to be the oversight body that drives the ethics and integrity agenda in the company particularly monitoring ethics related programmes and activities to ensure ethics and integrity become part of day to day business. The ethics committee is also the guardian and custodian of the code of conduct which enumerates and enforces acceptable business conduct. Some of the key initiatives spearheaded by the Committee in the last financial year include; • Safaricom signing up to the recently drafted Kenyan Businesses Code of Ethics. The Kenyan Business Community under the directorship of the UN Global Initiative has developed a code of ethics to guide Kenyan businesses on matters relating to ethics. Safaricom took an active role in drafting the code and was one of the first companies to sign up to the code. • Kicking of a review of Safaricom Ltd.’s ethical position and ethics management process to identify any improvement areas. • Reviewing and approving code of ethics and related policies such as anti-bribery policy, gift policy and the blacklisting policy. In lieu of the above, the company has considered the following ethical...
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...Watchdog Role of the News Media by Sheila Coronel Introduction In Corruption and the Watchdog Role of the News Media, Sheila Coronel presents the role of media as a watchdog to keep the government in check. Coronel also examines the actual situation of the “watchdogging” by the media including its vulnerabilities to certain factors such as globalization, deregulation, economic impact, culture and many more. She presents the scenario in a form of research in which she shares her arguments and analysis as a veteran investigative journalist. This paper will review Coronel’s research as well as her primary arguments including her policy recommendations, and will evaluate the quality of Coronel’s research, writing, and focus. Summary Coronel begins his paper by reviewing the general premise of media as a watchdog of the society in monitoring government and exposing its excesses. She presents evidences on the retraction of this role around the world thanks to “globalization, the fall of authoritarian and socialist regimes, and the deregulation of the media worldwide.” To ponder on the watchdog role of media, Coronel asks the following important questions: Is the press acting as watchdog always desirable? In countries where the media are hobbled by draconian state restrictions or driven largely by the imperatives of profit-obsessed markets, is such a role even possible? What enabling conditions make a watchdog press effective? What impact has media monitoring...
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... The Art of the Governance Through Plaster Face Mask MSJ 11211(Sec-2) Spring 2014 Submitted To Marium Akhter Senior Lecturer Dept. Of Media Studies & Journalism Submitted By Asifur Rahaman Chowdhury. ID No: 131012078 Dept. MSJ Section: 2 Submission date: 24/04/2014 Governance In Financial Sector * Introduction: mass communication the study of communicating with the masses? Well, yes. But there’s more to it than that. Mass communication is about storytelling with strategy and purpose. The study of mass communication is centered around how messages persuade and affect the behavior and opinion of the person or people receiving the content. Mass communication has become a vital and seamless part of everyday human life. Today’s society is dependent on mass communication —from morning television news to social media feeds and blog posts from personalized advertising messages to branded content sponsored by a specific company. Messages sent by mass communicators help inform the public and often help set agendas and public opinion. Mass communicators help people develop an understanding of social problems and make informed decisions. The general public is dependent on mass communication for information about goods and services available...
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