In: Accounting
(a) Critically discuss the ‘Guiding Principles’ and the ‘key
elements’ of integrated
reporting. [15 marks]
(b) Discuss the major corporate governance models around the world,
and
critically evaluate the key differences across different corporate
governance
models .[15 marks]
total word limit should be 800 words please
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Part A:-
Part B:- MODEL OF CORPORATE GOVERNANCE.
As corporate business is for the most part overseen by the Board of Directors and the board individuals are chosen by investors, there are sure models of corporate administration that the organization can follow to keep up straightforwardness towards its partners.
There are generally three models of corporate administration and social obligation. In particular - Anglo American model, Japanese model and German Model. There is Indian model also, which is a blend of Anglo and German model.
Discussing the Indian market, there are for the most part three sorts of organizations that work, privately owned businesses, open organizations and open area endeavors. These organizations have explicit shareholding patters and consequently, require explicit comprehension. The Indian model of corporate administration consequently suits them the best. It is essentially a blend of Anglo-American and German models of corporate administration.
Under the Anglo-American Model of corporate administration, the investors' privileges are perceived and given significance. Though, under the German model of corporate administration, the laborers are viewed as the key partners in the organization and can reserve the privilege to take an interest in the administration of the organization.