Corporate Governance A. Board of Directors Corporate Governance Guidelines are established by the Board of Directors to provide a structure within which the directors and management can effectively pursue objectives for the benefit of its stockholders. The Board intends that these guidelines serve as a flexible framework within which the Board may conduct its business, not as a set of binding legal obligations. A corporation is a legal entity created either under federal or state law and "board
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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
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no 40/2007” Executive Summary Piercing the corporate veil is the judicial act of imposing personal liability on otherwise immune corporate officers, directors, and shareholders for the corporation’s wrongful act (Black Law Dictionary). In other words, courts may pierce the "veil" that the law uses to divide the corporation (and its liabilities and assets) from the people behind the corporation. The veil creates a separate, legally recognized corporate entity and shields the people behind the corporation
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two levels in an organization, and hold titles such as: Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operational Officer (COO), Chief Information Officer (CIO), and Chairperson of the Board, President, Vice president, and corporate head. Middle-Level Managers Middle-level managers, or middle managers, are those in the levels below top managers. Middle managers' job titles include: General Manager, Plant manager, Regional manager, and Divisional manager. Middle-level
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About The Hospital: Apollo Hospitals Dhaka is the only JCI Accredited 450-bed multi-disciplinary super-specialty tertiary care hospital in Bangladesh, confidently providing comprehensive health care with the latest medical, surgical and diagnostic facilities. These services are provided by expert medical professionals, skilled nurses and technologists using state-of-the-art technology. The hospital started its operation on April 16, 2005 with a mission to provide high quality international standard
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The chief executive officer (CEO) provides direction and leadership for the organization’s mission and vision, represents and speaks for the organization and its work, and manages day-to-day operations to achieve the strategic direction set by the Board. As we already know the CEO is responsible for both internal and external relationships, including creating a positive work culture and philosophy; maximizing the use of available personnel and resources; and establishing, maintaining, and updating
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This report is made to find out the circumstances in which a person reports his/her company’s unethical behaviour. In ethics and governance “Accountability means answerability. In leadership roles it is an acknowledgement and assumption of responsibility of actions. Most of us believe that we are unbiased and ethical in making corporate decisions but in truth this is not the case. More than two decades of research confirms that most of us fall woefully short of our inflated self-perception
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Case Study: United Way of America, 1992 Prepared by Dr. Martha Dede Spring, 2008 A MATTER OF GOVERNANCE: UNITED WAY OF AMERICA, 1992 Organization Thumbnail United Way of America (UWA) was incorporated in 1932 with the mission “[t]o improve lives by mobilizing the caring power of communities”. Since, UWA has been a significant constituent in the flywheel of American philanthropy. Headquartered in Alexandria, Virginia, UWA is comprised of 1,400 dues-paying and another 700 non dues-paying
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Adam Cooper 1. The article on Kozlowski uses the term “rogue” to describe the CEO and in this context it is a term to describe his mentality and behavior that was out of the ordinary. Kozlowski acted differently than the average employee and felt like he was the most powerful man in the world. This attitude created a “rogue” CEO and the article describes a man who lacked integrity and had a strong desire to live an extravagant life. He deserves this description because of his behavior that involved
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damaging because it would “reduce the incentive of corporate executives and directors to seek legal advice” (Niskanen, 2006). It was also seen as prejudicial because it created prohibitions on loans to corporate officers that would create complications for reparation. The act was considered to be poor because it “failed to identify and correct the major problems of accounting, auditing, taxation, and corporate governance that have invited corporate malfeasance and increased the probability of bankruptcy”
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