James L. Go Return to GLOBE TELECOM INC Chairman, Chief Executive Officer, Chairman of Executive Committee, Member of Remuneration & Compensation Committee, Member of Audit Committee, Member of Nomination Committee, Chairman of Universal Robina Corporation, Chairman of Robinsons Land Corporation, Chairman of JG Summit Petrochemical Corporation, Chief Executive Officer of Universal Robina Corporation, Chief Executive Officer of Robinsons Land Corporation and Chief Executive Officer of JG Summit
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systems. To better understand how the power affects firm governance and performance, we decompose CEO power into three dimensions--structural, ability based, and ownership related. While structural power is indeed harmful--it is associated with higher managerial entrenchment, lower pay for performance sensitivity (PPS), and weaker firm performance--its impact on firm performance is benign when CEO power is restrained by strong external governance mechanisms. Concentration of ability based power in CEO
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What could good corporate governance have done for Enron? Corporate governance is policies and laws that affect the way a company such as Enron is run. The Enron scam was a scam that used mark to market pricing. Enron also hampered with the financial accounting statement by hiding information and not showing the true status of the company. In this way, Good corporate governance should have had a tighter control over the use of accounting policies. Also, anticipating profits (that Enron did)
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Home Page» Business and Management Fi504 Practice Case Study 2 Internal Controls In: Business and Management Fi504 Practice Case Study 2 Internal Controls SUBJECT: Evaluation of Internal Controls Mr. Smith, We have completed our assessment of LBJ Company’s system of internal controls. In addition, our firm researched the regulation regarding publicly traded firms in order to provide you with the most current information. Securities and Exchange Commission. “Official
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through policy statements, codes of conduct, and by example. In WorldCom, integrity and ethical values are absolutely abused. Specifically, Ebbers created a culture in which the legal function was less influential and less welcome than in a healthy corporate environment. He even did not include the company’s lawyers in his inner circle and appears to have dealt with them only when he felt it necessary. He let them know his displeasure with them personally when they gave advice-however justified-that
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GMI (Governance Metrics International) for MINDTREE Research Methodology GMI rating criteria are based on securities regulations, stock exchange listing requirements and various corporate governance codes and principles. Among the latter are principles promulgated by the OECD, the Commonwealth Association for Corporate Governance, the International Corporate Governance Network and the Business Roundtable. In addition, we have sought the views of various corporate governance and legal advisors
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3/08/11 LDR531 UOP In 1996, Gene One entered the biotech industry with groundbreaking gene technology that eradicated disease in tomatoes and potatoes. As a result, farmers no longer needed to use pesticides when growing these plants and consumers were pleased to buy homegrown products untainted by chemicals. The win-win situation helped Gene One grow to a $400 million company in just eight short years. Accordingly, sharply rising stock indices on Wall Street indicate a growing interest in
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Internal audit’s role in modern corporate governance Thought leadership series Risk and Advisory Services Internal audit’s role in modern corporate governance Recent events have highlighted the critical role of boards of directors in promoting good corporate governance. In particular, boards are being charged with ultimate responsibility for the effectiveness of their organisations’ internal control systems. An effective internal audit function plays a key role in assisting the board
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INTRODUCTION Operating within a complex and highly competitive pharmaceutical industry, the challenges confronting Biovail are intensifying as regulatory agencies release formal allegations of misconduct against four corporate executives and as outstanding lawsuits, widespread scrutiny, and a history of questionable accounting practices are unavoidably coming to a head. Responsible for overcoming its damaged reputation and for moving the company forward, it is imperative that management at Biovail
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answer. (2 marks) b) Assess PETCO’s corporate citizenship using the four steps of social responsibility in Figure 2.3 on page 39 of the Ferrell, Fraedrich and Ferrell (2011) text. (8 marks) Case 3: a) Briefly explain how the ASX Corporate Governance Principles and Recommendations improve “transparency”. Include examples to support your discussion. (1 mark) b) Use the Connect4 database (available at the CQUniversity library website) to access the Corporate Governance Statement within the annual report
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