4.d. Central Oversight of the Government Corporations There is a little central oversight or supervision of government corporations in the Executive Branch in the US. There is not any central state agency in the US that collectively oversees government corporations with the perspective of the Federal State and pursue central government’s overall interests on the government corporations. All government corporations are separately designated institutions that have their own administrative…
discussions that have affected the discourse of sustainable development. One focal point of this article is the Corporate Response to Sustainable Development. Corporations’ have had to deal with a growing public conscious to become more ‘green’ and ecologically friendly. These attempts do little improve the environment and fail to solve systematic issues. One of Redclift’s claims is corporate attempts for sustainable development may not solve environmental problems as effectively as advocates…
After the Enron debacle and the WorldCom disaster, Congress decided to enact legislation that would help to protect investors and improve the accuracy of corporate financial statements. The new legislation would be called the Sarbanes-Oxley Act (SOX). This legislation was a major turning point at the time it was passed. This gave investors renewed confidence and made many corporations angry due to the excessive compliance costs. With the new legislation in place many people thought that this…
Choice #1: Ethical Business Management Sometimes, in firms, the interest of the stockholders and that of management will diverge and misalign thereby resulting in mismanagement of the business. Such separation leads to what is known in the finance world as an agency problem. Moreover, one of the five principle foundations of finance is principle number five (5) which points out that a conflict of interest will cause this agency problem (Keown, Martin, & Petty, 2014). Presented is an analysis…
Introduction Whether you consider Dennis Kozlowski a victim or villain, one thing is for sure; his ethical and human values were somewhat lacking. He has been referred to by some as a charismatic and personable guy, to the poster boy of excess, to a ‘corporate psychopath’. He managed to work his way up to CEO of Tyco International and grow the company into a multi-billion dollar organization. His downfall would ultimately arise from greed and a need to be accepted by the social elites. There…
Major stakeholders identified in RIC • Operations manager • Staff • Policy holders • Government • General public • Shareholders/owners • Banks Operations Manager Mr. Stevens who is operations manager is the one who has most of the stakes in RIC as compared to others. Following are the stakes of Stevens Mr. Stevens is responsible for all operations in the call Centre. This means for every problem occurring during operations, operations manager would be responsible for that. Such as poor…
Several times a year, Corporations across the country feel the pressure of hitting analysts’ earnings expectations, and the very real possibility of missing those expectations. The consequences for missing earnings expectations goes much farther than management’s job certainty, and can directly affect the view that investors have on a company. Earnings management (EM) helps make meeting these expectations more manageable. However, there are a multitude of problems associated with earnings…
CORPORATE STRUCTURE Home Depot, Inc. is looking to organize and establish dominance globally. To achieve this goal, the corporation began to locate several stores in one market. The reasoning behind this is to establish multiple units in a single marketplace…
social performance, accountability, and transparency. Unlike less comprehensive business certifications, B Corp certifications involve meeting holistic standards for all aspects of a company, from its environmental and social impact, to its corporate governance and community involvement. B Corp certification is designed to help consumers identify those companies that are not just conscious in their words, but conscious in their deeds (Dunbar 2015a). The non-profit organization, B Lab,…
The Corporate governance system is highly involved in an IPO, according to Beck and Demarzo (2014), the role of the corporate governance system is to mitigate the conflict of interest that results from the separation of ownership and control without unduly burdening managers with the risk of the firm (p.962) we evaluate how well Lala’s corporate governance system worked after the IPO and compare it with the one of Arla…