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The Importance of Corporate Governance from managerial accounting perspective [CG] and Corporate Social Responsibility initiatives by...

The Importance of Corporate Governance from managerial accounting perspective [CG] and Corporate Social Responsibility initiatives by the firms in Oman [CSR]. Select three profitable businesses in Oman which apply Corporate Social Responsibility and explain what the activities that are provide by those businesses and how important they are from managerial accounting perspective.

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Expert Solution

Corporate Governance-:
CG is a system by which a company is directed and controlled to achieve the objective of increasing shareholders value by enhancing economic performance.

Importance of Corporate Governance-

a. It lays the infrastructure of the accurately disciplined board and a healthy harmony between ownership and management, which makes the management capable of taking independent decision, along with building trust between the company and external shareholders of the organization.

b. enhances the vital reasoning of the management by introducing independent director to the board, to bring the intellectual experience to the company, without any biased approach.

c. responsibility for the smooth performs of the company.

d. instills fealty among investors as their interest is looked after in a top manner by a company that adopts good management practices.


✓✓3 profitable businesses in Oman which apply CSR and their CSR activities

1. OmanTel-
a. Internet Of Things Lab-: modern lab equipped with modern computer and IOT applications aims to help researchers, students and Faculty members.
b. Renewable energy Lab-: aims to develop technology which help the country with its energy requirements.
c. OmanTel Olympics of Coding- aims to find the talent of coding from country and assist them with their studies

2. Soher International-
a. Support to Al Noor Association for Blinds in Shofar
b. #WinningTogather campaign for supporting differently abled children and clothing to orphans.

3. Shell Oman-
a. Helping the nation to creat a future of sustainable energy.
b. Protection of environment by enrolling into Ambient Air Emission Monitoring Program for Mina Al-Fahal Area by PDO.
c. Helping the nation for lower carbon power and fuel emissions.

ekkarill92 answered 2 years ago
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