Corporate governance

As Chairman and Chief Executive Officer at Saratoga Investment Corp., a publicly traded business development company, Chris Oberbeck brings over 25 years of experience in leveraged finance, from distressed debt to private equity, to the position. Mr. Oberbeck’s wealth of experience stems from originating, structuring, negotiating, consummating, managing and monitoring investments in a wide variety of middle-market businesses. In addition to his aforementioned roles, Mr. Oberbeck is the…

Neil Barofsky, the soon-to-be-former Special Inspector General of the Troubled Asset Relief Program – the government’s $700 billion fund to bailout the banks – was never well liked at the Treasury Department, even though that is technically where he worked. Timothy Geithner reportedly repeatedly tried to have him fired, or at least have Barofsky’s role downsized. Now it appears the feelings were mutual. Barofsky was confirmed by the Senate back in December 2008 to be one of two watchdogs who…

companies who were manipulating information and committing investor fraud, Congress enacted a corporate reform law (130). This law placed heavy requirements on companies while ignoring those who failed in regulating the previous companies. While the corporate reforms did improve the companies superficially, the only way to actually improve a company is moral reform. There are three principles that summarize corporate reform. Transparency is the first: that the company will “conduct business and…

agree with the reversal decision made by the Supreme Court. Although Yates altered his catch after his boat was encountered by a Florida fish and wildlife officer, The Sarbanes-Oxley Act which Yates was charged under was established to prohibit corporate and management from knowingly altering or destroying "any record, document, or tangible object" with the intent to obstruct an investigation. While we are all aware that Yates engaged in wrongful doing by tossing the undersized fish out, where…

Client, The Sarbanes Oxley Act is a very good aspect of a company to inquire about. In a way, it has paved the way a business should be handled internally. I am going to education you on what the Sarbanes Oxley Act, also known as SOX, has done to secure and improve businesses, the changes in the act that have been effected, and how the principles and assumptions of accounting are affected. This should put your mind at ease, and give you the information you are looking for. The SOX Act was…

The beauty of a democracy is the accessibility and availability for citizens to voice their opinions. It is especially valuable for citizens to feel free to have their questions, comments and concerns heard. Having spaces where there is communication between the public and private groups is essential to retain a cohesive community. By public, I refer to John Dewey’s interpretation of these terms; to any who are effected either directly or indirectly by actions of private parties, and by private,…

Case Q: Whose Hospital? Background of the situation: In June of 1979, the medical staff at Brendan Hospital held a mass meeting at the hospital to discuss various allegations against CEO, Don Wherry. A petition was signed by half the medical staff and by half the employees of the hospital at the mass meeting. The petition demanded Don Wherry’s resignation and even included threats of forgoing patient care if he did not step down. Four doctors and nurse representatives met with the board of…

Arts organizations often operate in a not-for-profit environment. In brief, not-for-profit organization is an organization that does not seek profit. It is obvious that not-for-profit organizations cannot be operated without “profit” and most of the not-for-profit organizations do commercial activities. However, any profit must return to the organization to support their mission in a not-for-profit organization. The goal of a not-for-profit organization may be its mission, not just money. The…

Walgreens corporate structure consists of ten separate divisions. Marketing manages all product and brand marketing for the whole company (Tucker-McLaughlin, n.d.). IT and engineering maintain all hardware and software along with developing projects to advance the company technologically (Tucker-McLaughlin, n.d.). The facilities and real estate team analyze the store location and building sites for the expansion (Tucker-McLaughlin, n.d.). Other departments include the corporate management team,…

BenQ, a Taiwanese-based company, grabbed the headlines all over the world on June 7, 2005 when it acquired Siemens Mobile, a lose making mobile phone division of Germany’s Siemens and later launched the brand, BenQ-Siemens. Subsequently the acquisition proved to be a strategic mistake, as the two companies could not successfully integrate. In October 2006 BenQ-Siemens filed for bankruptcy in a Munich court, surprising every one. This sparked a debate in Germany over whether BenQ had acquired…