Corporate Governance on Small-and-Medium Enterprises: The Implementation Comparison Between Family Businesses and Nonfamily Businesses ABSTRACT The term ‘corporate governance’ is commonly used and widely known among people who do business; especially big business. Generally speaking, corporate governance deals with interaction and relationship between business management, board of director, shareholders, and other stakeholders in the business (Abor and Adjasi, 2007). Quality and existence of
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viewpoint of the level of success the act has had in preventing cases such as Enron. The Sarbanes-Oxley Act and Enron In any contemporary discussion of corporate governance and the erosion of trust in business, one name is unavoidable: Enron. Enron has become an icon for corporate fraud on a massive scale going to the top of the corporate hierarchy. In any attempt to restore trust, two points will have to be acknowledged. First, Enron has exposed to a wider public not just vast fraud, but the
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Bellissimo Business Communications Section 1 April 4,, 2013 Introduction: Intelligent investors avoid injecting capital into opaque enterprises. Educated investors know that business structures are riskier and less valuable investments in companies that lack transparency in their business operations, financial statements or strategies. Corporate transparency has been an ever-growing concern between the investment sector as well as the general public due to recent accounting and corporate scandals
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Introduction: Shareholder empowerment in Malaysia Presently, Shareholders of public companies in Malaysia have limited power in making corporate decision. The precise scope of the powers of each organ is defined by the company’s articles of association, general principles of company law and the Companies Act 1965. Directors usually have the power to manage the business of the company, with the members being entitled to vote only on limited matters expressly reserved to them by the articles of association
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CORPORATE GOVERNANCE IN TURBULENT TIMES ABSTRACT The last few years we have seen some major scams and corporate collapse across the globe. In India, the major example is Satyam which is one of the largest IT companies in India. All these events have made stake holders realize the urgency and importance of good corporate governance. Before investing money in any company people are quite concerned how companies are being managed
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obedience and loyalty does an agent employee owe to an employer? What if the employer engages in an activity—or requests that the employee engage in an activity—that violates the employee’s ethical standards but does not violate any public policy or law? In such a situation, does an employee’s duty to abide by her or his own ethical standards override the employee’s duty of loyalty to the employer? When there is an agent employee to an employer relationship, obedience and loyalty are to be given
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corporation is derived from the Latin word Corpus which also means body. A corporation is therefore a legal person brought into existence by a process of law and not by natural birth. Owing to these artificial processes they are sometimes referred to as artificial persons, not fictitious persons. Company law can be described as the body of laws and rules that govern companies created under the United Kingdom Companies Act of 2006 (hereafter referred to as the Act of 2006). Section 1(1) of the Companies
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BUSINESS ETHICS AND STAKEHOLDER ANALYSIS Kenneth E. Goodpaster Abstract: Much has been written about stakeholder analysis as a process by which to introduce ethical values into management decision-making. This paper takes a critical look at the assumptions behind this idea, in an effort to understand better the meaning of ethica] management decisions. A distinction is made between stakeholder analysis and stakeholder synthesis. The two most natural kinds of stakeholder synthesis are then defined
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HOCHIMINH CITY INTERNATIONAL UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION HOW DOES CORPORATE ETHICS CONTRIBUTE TO FIRM PERFORMANCE IN HO CHI MINH CITY? TEAM 3C: LE MAI THY (MBAIU15044) TRAN DUY KHIEM (MBAIU14058) BUI THI KIEU OANH (MBAIU15033) Ho Chi Minh City, Vietnam April 27, 2016 CONTENT CHAPTER I: INTRODUCTION 4 CHAPTER II: LITERATURE REVIEW 5 1. Corporate ethics and firm performance 5 2. Theoretical framework of Corporate ethics and Firm Performance by Jinseok S. Chun
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The success of modern business is apparent, but recently there is much concern in the business-and-society literature and in the general press on whether business fulfils its social role responsibly. Business ethics, corporate social responsibility and corporate governance movements have been developed in recent decades as responses to a growing sense of corporate wrongdoing. This paper attempts to explain why the three movements seem yet to have generated little in the form of widely accepted prescriptions
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