Question1 What is corporate governance? Corporate governance refers to the framework of rules, set of systems, relationships, principles and processes by which a company is governed. (Corporate Governance Principles and Recommendations, 2014) Corporate governance is based on principles such as conducting the business with all integrity and fairness, being transparent with regard to all transactions, making all the necessary disclosures and decisions, complying with all the laws of the land, accountability
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In the 5-4 Supreme Court decision, ruling unconstitutionally, eliminates the corporate and union directive stating autonomous expenditures and the endowment of electioneering communications. Simply, allowing big business corporations to spend frivolous sums on advertisements and other political techniques-in relation to the public official’s election or the defeat of individual candidates. Although it is still illegal for large corporations to directly ‘donate’ to candidates’ office, it will not
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Corporate Corruption: Scandal at Germany-based Volkswagen Introduction Corruption is “the misuse of entrusted power for private gain (Deutsche Welle).” Misuse of power occurs when people in positions of power willfully deviate from established procedures for their personal gain, at the expense of public welfare. Europe’s biggest automobile maker, Germany’s Volkswagen AG, became embroiled in corruption scandals in the summer of 2005. German state prosecutors confirmed on June 30, 2005
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Means (1932, p. 139) who observed that top corporate executives, “while in office, have almost complete discretion in management.” Since Jensen and Meckling (1976), the problem of managerial power and discretion has been analyzed in modern finance as an “agency problem.” Managers may use their discretion to benefit themselves personally in a variety y Lucian Arye Bebchuk is the William J. Friedman Professor of Law, Economics and Finance, Harvard Law School, and Research Associate, National Bureau
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liability for the contracts they sign because they work for the company. As a result, businesses in the riskiest industries—such as manufacturing—incorporate. Managers are contracted, they are liable for their own misconduct, but they aren’t liable for corporate wrongful acts committed by other managers or employees. Therefore, shareholders, officers, and directors have limited liability for the obligations of the business. Profits that are earned are not reported by the shareholder to the IRS. The shareholder
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Introduction: A strong corporate correspondences system helps associations viably speak with inward and outer stakeholders, including representatives, merchants, clients and the general population on the loose. At the point when done successfully, it streamlines correspondences among business capacities, helping administration, human assets and showcasing keep up a brought together voice and reliable messages. Creating a robust corporate correspondences system can help a business flourish by keeping
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Alesia ClevelandMAR3310-12Week7a.docx 02/26/2015 Professor Tenebaum The litigious climate in which PR professionals work means that any case, civil or criminal, can draw media attention. Normal involvement with law for PR professional falls into three general areas: normal legal exposure rthat may business has, work- oriented exposure (or something peculiar to the client's or organization's business) and extraneous legal exposure(such as testifying as an expertiutries ). What would the legal
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Nylasha Miller May 1, 2016 Applied Business Law Everest University If people work hard and create or buy physical property such as houses, jewelry, cars or acquire money, they own that property in perpetuity, and can bequeath it to their. We would be outraged if someone said that other people could have "fair use" of our homes or that our right to bequeath our family heirlooms would expire 70 years after our death. Yet, for the owners and creators of intellectual property, the notions of "fair
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edu/2010/08/reforming-corporate-america/ ARTICLE SYNOPSIS This article discusses the Sarbanes-Oxley Act and how it was formed. Sarbanes-Oxley Act is named after U.S. Senator Paul Sarbanes (D-MD) and U.S. Representative Michael G. Oxley (R-OH) who sponsored it. Under the guidelines of Sarbanes-Oxley Act, top management must now individually certify the accuracy of financial information. The need of this act came about after the markets crash in 1929. Congress began looking into corporate fraud in the
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Question | ONE Accountants owe the duty to act in a professional and ethical manner concerning clients, as well an obligation to respect the laws that are involved with the profession. This is where a crossroads of ethics and legalities are formed and potentially the defining point of crucial decision-making. Stephen Richards and his actions under employment with Computer Associates (CA) are then examined in light of this concept. Accusations against Stephen Richards permitting the backdating
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