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Corporate Governence

This was brought on, not even a year after, the firm paid $110 million dollars to settle a suit brought on by shareholders of Sunbeam stock for alleging fraud in the company audit.
             Directors who fail to succeed in their requirements and CEO's who act unethically are affecting the viability of capitalism, which fuels the nations economic leadership, as well as scarring the reputation of all executives.
             Canada's Center for Corporate & Public Governance Chairman J. Richard Finlay is quoted as saying that "Excessive CEO pay is the mad-cow disease of American boardrooms." He further states, "It moves from company to company rendering directors incapable of applying common sense." This began when the executives realized that maintaining share prices should be of highest value. Executives then concluded that their personal wealth was closely related to company stock prices so they took up stock ownership and accepted further opportunity through option grants. Personally, I feel that this is a huge abuse of power in which the SEC needs to regulate.
             Research shows that the salary gap between executives and the entry-level workers could threaten leadership's credibility. Morale amongst low-level workers could also plummet dangerously. An announced plan of attack to combat greed driven executives is to place a wage barrier on them in which they would not be eligible to earn a salary more than X times of the company's lowest paid employee. Regulations on the availability of stock options to executives also need to be imposed. .
             Even though the board is appointed to supervise management the shareholders need to keep their eyes focused on the board. This is hard to accomplish since boardrooms are closed to investors. Investors have become too trustworthy and dependent on the board members. My suggestion is for shareholders to lobby to get these boardrooms open. The article also discusses enacting board membership regulations.


Essays Related to Corporate Governence

1. Governance and Leadership

The main ingredients of governance are the governors ands the governed; the instrumentality of institutions or leadership; and a purposeful vision. ... A government comprises a set of inter-related positions that govern and that use power, particularly coercive power. ... Corporate Governance – The first documented use of the term corporate governance was by Richard Eells (1960). This type of governance consists of the set of rules that prescribes the way people ought to direct or administer a corporate organization or public corporation. Corporate governance also includes the relation...

  • Word Count: 586
  • Approx Pages: 2
  • Grade Level: Undergraduate

2. Corporate Social Responsibility

Example of such kind of an activity is the company's participation in Corporate Social Responsibility. In this paper a clear and precise definition of Corporate Social Responsibility has been presented. ... Finally a case study of Microsoft Company and some of the efforts it has done in undertaking CSR have been presented. 1.0 Introduction In a company or any other business, there are various legislations which govern it operations. ... Those kind of activities are what are collectively referred to as Social Corporate Responsibility. This paper is going to address Corporate Social Re...

  • Word Count: 2191
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

3. Business Ethics and Corporate Social Responsibilities

Body Paragraph Chonko and Hunt (1985) define ethics as the code of moral principles and values that are able to govern individual and group behaviours based on the judgement of right or wrong. ... In addition, the concept of corporate social responsibility is a form of corporate self-regulation integrated into the organizational business model (Mayer, Kuenzi & Greenbaum, 2010). The strategic decision-maker is expected to take corporate legal and economic obligations while creating more benefits for society for business sustainability. ... In the next level, the corporation is able to contribut...

  • Word Count: 1108
  • Approx Pages: 4
  • Has Bibliography
  • Grade Level: Graduate

4. Indian Parliament and the 2013 Companies Act

Abstract The corporate sector in India continues to expand at a fast rate. ... The New Companies Act, 2013 makes comprehensive provisions to govern all listed and unlisted companies in the country. ... Moreover, the concept of Corporate Social Responsibility holds a vital position in the Act. ... Niall Fitzgerald (2013) corporate social responsibility is a hard-edged business decision. ... Corporate governance has become an issue of worldwide importance. ...

  • Word Count: 1427
  • Approx Pages: 6
  • Has Bibliography
  • Grade Level: Undergraduate

5. Enterprises and Corporate Social Responsibilities

Consequently, entrepreneurial activity has always borne a pronounced responsibility for social development and Corporate Social Responsibility provides an intelligent way to combine economically viable development, social responsibility and conservation of natural resources1 There is no universally acceptable definition for CSR since there are many elaborated variants nevertheless, it can be described in several ways and some of the concepts I found more accurate are the followings: "What companies have embrace in order to achieve competitiveness while addressing societal issues and cost...

  • Word Count: 2852
  • Approx Pages: 11
  • Has Bibliography
  • Grade Level: Undergraduate

6. Ethics

RE: Describe how corporate responsibility and ethics are addressed at your organization. ... Corporate responsibility and ethics have become of great importance to the company I work for. ... To govern these topics, USAA has created an ethics department. ... The procedures that govern the company are followed by the book. ...

  • Word Count: 457
  • Approx Pages: 2

7. corporations

It does not exist any general federal corporation law that governs the structure and the function of private corporations, but there are several federal laws, such as securities laws, labor laws, antitrust laws, consumer protection laws, environmental protection laws and bankruptcy laws. ... As a result, corporate profits are taxed twice-once as corporate income and again as the personal income of stockholders. ... Then he must file the articles of incorporation or corporate charter, which is the basic document that corporations operate. ... Most corporations adopt a corporate seal which ...

  • Word Count: 1628
  • Approx Pages: 7
  • Grade Level: Undergraduate

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