presentation in its (i) Background; (ii) Current Strategic Position; (iii) Future Strategic Moves and; (iv) Alternatives for the company´s future. *Before we continue, we want to show you this video….. FURTHERMORE, THIS IS A COMPANY WITH STRONG CORPORATE GOVERNANCE STANDARDS, FOCUSING ON ENSURE FAIRNESS FOR EVERY STAKEHOLDER; CUSTOMERS; INVESTORS; VENDOR-PARTNERS, THE COMMUNITY, AND THE GOVERNMENTS OF THE COUNTRIES IN WHICH THEY OPERATE. WE ARE TALKING ABOUT A COMPANY THAT FOCUSES ON SUSTAINABILITY
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Case Study The Rise and Fall of Worldcom This case study is about Bernard Ebbers CEO of Worldcom, Inc. and Scott Sullivan CFO of Worldcom, Inc. once they were boosted the company growth and they got awards. Later on they made frauds by using their influential tactics on employees and company’s board. Those are Assertiveness: it involves applying legitimate and coercive power to influence others by threatening or giving punishment. This tactic was used by sullivans office where they berated and
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3:00 p.m. N I S S A N E L G R A N D I N F I N I T I F X 3 7 R E N A U L T M E G A N E R S CONTENTS 02 03 05 09 10 14 17 25 27 28 31 Corporate Information Business Divisions Report of the Board of Directors 8 Years Financial Highlights Profile of Directors Corporate Social Responsibility Report Corporate Governance Statement Internal Control Statement Other Statements and Disclosures Audit Committee Report Daily Share Price & Volume Traded on Bursa Malaysia Securities Berhad
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Scandal facts: In September, 2003, it was disclosed that the compensation of Grasso (CEO & Chairman of NYSE) was approx. $190 mn. There was a hue and cry from various stakeholders about the excessive compensation offered to Grasso. As a result, Grasso had to step down from the CEO & chairman position. After Grasso’s departure, diverse stakeholders (media, activist investors) were pressurizing Langoneto step down as well, since he was alleged as the ‘mastermind’ behind Grasso’s high pay package
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handled, but it should not get directly involved. 2. The CEO must make sure that the COO never again ignores a complaint of this type. Chip has to tell Harry: “Next time there’s a whistle-blower event, you must follow the procedures outlined by corporate policy, regardless of what your workload is like. You must set the proper example for the organization. 3.
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SECTION A – CASE ANALYSIS 1. Describe Mitsubishi global strategy in maintaining its strengths to enable it to retain its market share regionally and globally? [10 MARKS] 2. Discuss the factors and objectives of Mitsubishi’s cooperative strategy with three examples. [10 MARKS] 3. Identify the opportunities and threats faced by Mitsubishi in dealing its business for the last few decades? [10 MARKS] 4. Discuss diversification strategy that Mitsubishi incorporate into its business
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In this case, Cynthia Cooper, VP of Internal Audit blew the whistle on fraud she and her team found. Cynthia brought up concern over the accounting treatment of a $400M entry to re-class a reserve to income. She was dismissed by the CFO and by the external auditors, Arthur Andersen. Luckily she was not deterred and had her team continue to review the accounts. That’s how the largest part of the fraud was found. The CFO and CEO were involved in capitalizing network lease expenses as assets in WorldCom’s
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performance. Glass Lewis empowers institutional investors that collectively manage $20 trillion to make sound voting decisions by uncovering and assessing governance, business, legal, political and accounting risks at issuers domiciled in 100 countries. Services Viewpoint: vote management platform that supports all aspects of governance program, from the engagement of members before, during and after the proxy season, to the implementation of custom policies, to the internal collaboration that
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CG The term of corporate governance not just been introduced but it also drew attention of the public about the weaknesses of Malaysian corporate governance practice due to the Asian Financial Crisis in 1997. After 1998, the government of Malaysia decided to adopt the corporate reforms to enhance the quality of good corporate governance practice in the country. The main sources of the Corporate Governance reforms agenda in Malaysia other than Malaysian Code on Corporate governance are the Capital
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The VC Breaks/Andrew Ryan case study is a fairly typical example, based on my experience in medium to large size companies/corporations, of how corporate cultures are mishandled. This is yet another example of an improperly managed, yet much needed, culture change. From the beginning Ryan was put in a very difficult position where success was unlikely without a great deal of support from senior leadership and buy-in at all levels. What ends up happening is what Bridges warns about when he said
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