In view of the several corporate scams that have occurred over the years, corporations are under...

In view of the several corporate scams that have occurred over the years, corporations are under increasing pressure from their governments to ensure they are governed and run properly. From a regulatory perspective, explore in detail how corporations can accomplish this.

Solutions

Expert Solution

From the perspective of regulators, there are quite a few ways by which proper governance in corporations can be ensured:

1. Rights and equitable treatment of shareholders: All the shareholders must be conveyed information correctly and at the same time and the shareholders should be encouraged to attend the annual general meetings

2. Interests of other stakeholders like employees, suppliers, creditors, local communities etc should also be kept in mind while making decisions.

3. There should be a Board in the company consisiting of rich experience, necessary skills and appropriate levels of independence and commitment.

4. Integrity and ethical behaviour : Probably the most important aspect of governance, it can not be compromised under any circumstance.

5. Disclosure and transparency: It shall be the bounden duty of the Organizations to clarify and make it public the roles and responsibilities of Board and Management.

jeff jeffy answered 2 years ago

Next > < Previous

Related Solutions

Find a court case where fraud occurred over several years and discuss the responsibility for detection...

Find a court case where fraud occurred over several years and discuss the responsibility for detection and prevention of this fraud on the part of management, internal auditors, and external auditors. Evaluate what "red flags" were missed in this court case you found and which internal controls you think were missing that allowed this fraud to continue over several years.

In view of the many advantages that business corporations receive from variousgovernments, do business corporations have...

In view of the many advantages that business corporations receive from variousgovernments, do business corporations have an ethical obligation to return some of their profits to the public good?

1. Several ASU's have been issued by the FASB over the last several years. Accounting Standards Update...

1. Several ASU's have been issued by the FASB over the last several years. Accounting Standards Update No. 2015-01 Extraordinary and Unusual Items was issued in the beginning of 2015. Required: (Address only extraordinary items in your answer.) 1.What was the reason for this update? 2.What was the standard before and how has it changed the presentation of extraordinary items? 3.Do you think this is an improvement? Give two reasons for your answer.

When can the corporate veil be lifted under the Corporations Act to make directors liable for...

When can the corporate veil be lifted under the Corporations Act to make directors liable for corporate debts? Please i Need answer without plagiarism. Please help

When can the corporate veil be lifted under the Corporations Act to make directors liable for...

When can the corporate veil be lifted under the Corporations Act to make directors liable for corporate debts? Please answer this question without plagiarism. thank you very much.

Over the past several years, there have been increases in the number of farmers markets throughout...

Over the past several years, there have been increases in the number of farmers markets throughout the U.S. Additionally, during this period, the number of farmers markets accepting SNAP EBT (electronic benefits transfer of food stamps) increased as well. Explain in words the effect such simultaneous changes might have had on the market price and quantity of vegetables in the U.S. And explain the specific economic mechanisms involved. (Only use information given in this question; do not consider implications of...

Why is it that over the past several years employers have been moving from a defined...

Why is it that over the past several years employers have been moving from a defined benefit plan to a defined contribution plan?

Cybercrime A number of alleged cybercrimes have been in the media over the last several years....

Cybercrime A number of alleged cybercrimes have been in the media over the last several years. These include Wikileaks, the phone tapping scandal and the Edward Snowdon affair. Choose one of these scenarios. Decide whether a cybercrime has been committed. Support your reasons with examples from the clauses of the appropriate code of ethics or professional conduct.

For the last several years scientists have fretted over the future of bees, and although research...

For the last several years scientists have fretted over the future of bees, and although research has shed much light on the crisis, there is still debate on the causes and costs of this issue. In no more than 500 words state your opinion on this topic.

Over the last 10 years, in Canada and the United States, corporate bond yields have fallen...

Over the last 10 years, in Canada and the United States, corporate bond yields have fallen (relative to previous time periods) to very low levels and during the same period both countries have experienced low rates of economic growth. Give two reasons to explain why bond yields in Canada and the U.S. have fallen to low levels over the last 10 years. Note: No diagram is needed to answer this question, you can provide your answer in words.

Subjects