Describe how effective corporate governance seeks to ensure
ethical decision making by a firm’s top-level managers.
Please write in your own words. Min 250 to max 400
words.
Explain how poor corporate governance can be avoided by following
corporate governance principles by the Organization for Economic
Cooperation and Development and other examples.
need detailed answer.
Describe Uber's Following statements:
Corporate Governance
Board of Directors
Top Management
External Environment
Natural Environment
Physical Resources
Wildlife
Climate
Societal Environment
Economic
Technological
Political/Legal
Sociocultural
Task Environment
Threat of New Entrants
Power of Buyers
Threat of Substitute Products
Power of Suppliers
Rivalry Among Competitors
Power of Other Stakeholders
Corporate management and the Board of Directors fulfil a vital
role to ensure good corporate governance within a company. Which of
the reasons, listed below, has been a major contributing factor to
corporate governance scandals?
Question 23 options:
Changes to government regulations regarding public reporting and
disclosure
Unclear separation of ownership and management
Maximizing current share holder value tends to focus on the
value near term
Shareholders have dumped the company's stock
Effective corporate governance places a great deal of emphasis on the board of directors. Although the board’s activities should be separate from those of management which is usually responsible for day to day functions of the enterprise, they (the board) must take ultimate responsibility for the activities of the enterprise. Some of these responsibilities may be better achieved by delegation of certain matters to committees of the board, but the ultimate responsibility must rest with the board.
YOU ARE REQUIRED...
A commitment to good corporate governance:
necessitates decreasing the independence of a board.
often affects a company's public image adversely.
means adopting the "comply or explain" approach.
makes a company more attractive to investors.
(Auditing Principles & Procedures)
Define corporate governance, the board of directors, and the
audit committee and explain how they relate to each other.
Explain the importance of integrating corporate
sustainability, corporate governance, and social responsibility
principles in the decision-making process.