Corporate governance

example, the decision of M/s Ujala’s company would affect it’s customer differently and creditors differently. The main responsibility of M/s Ujala is to give the interests of it’s stakeholder at utmost priority. Management must incorporate the corporate social responsibility agendas keeping in mind all the stakeholders and the relationship with them. The Stakeholders of M/s Ujala would be: 1.Customers (Existing Customers and Potential Customers) The main stakeholder of any company is it’s…

1. Corporate identity, corporate image and corporate reputation are important public relations concepts which are closely interrelated and at the same time totally different. Explain their similarities, differences, and their relations. Corporate identity comes along with its company’s culture. Identity is built on company’s wishes and how they want to be seen. Corporate identity helps organizations to answer questions like "who are we?" and "where are we going?". Corporate identity also allows…

The term “irresponsible management” is complex to explain. A simpler way is to consider what a manager should do that is “responsible management” which can be defined as business decisions being made with taking into the interests of shareholders as well as stakeholders with the intention to balance the wellbeing of the entire world (environment, people, businesses) (Armstrong, 1977). Therefore, irresponsible management is about business decision making that involves a gain by shareholders at…

Introduction One of the significant reasons why a corporation is put in place is largely to attain profits. If a corporation is not profitable then there is no reason for its existence. Corporations go far and beyond to make sure that this profit-making motive is satisfied. In most cases to attain as much profits as possible means that the corporations need to ignore some of their responsibilities. The impact they have on the society, environment and culture has raised concerns over the years.…

Based upon my basic knowledge, personal experience, what I have learned from Collaborative Leadership, the weekly lectures and our textbook Introduction to Leadership Behaviors Fort Hays State University. McGraw Hill teams and collaborative leadership are similar to each other in servile ways and our different from each other in servile way. Teams and collaborative leadership both have share goals that cannot be accomplished by an individual, and they require mutual trust, respect, and strong…

Good governance and Indonesian state asset management According to Hughes (2012,) Governance is about framing rules and organizations with the intention of providing accountability. Within the context of Indonesian state asset management, good governance principles are defined based on the list of good governance principles as listed by the National Development Agency, which include principles such as transparency, accountability, regulatory compliance, professionalism and competency, efficiency…

that citizens are more likely to hold accountable policies carried out by the regime when their inputs are selected into consideration at the preparation phase. Nevertheless, one of the reasons most public policies Fail and hence manifest in bad governance in developing societies like Nigeria is the fact that citizens lack access to the policy Formulating center of a government. either by reason of ignorance due to the high illiteracy rate or the avenue for citizens to contribute meaningfully to…

The Anti-Corruption Law has set clear objectives to eradicate bribery as a national cause and to emerge a clean government and good governance (Pyidaungsu Hlutaw, 2013). The Anti-Corruption Commission is the agency enforcing the Law. The emergence of the Law and the implementing agency were seen as an important step in the fight against corruption, but the effectiveness in their application…

From: Ms.Rituparna Majumdar, legal counsel, HSBC Bank To: Dr. Abiola Makinwa, the Chairwoman, and the Board of Directors, HSBC Bank Subject: Review of HSBC CSR Strategy Date: 24.10.14 Responsible Banking for a company like HSBC The HSBC‘s Corporate Social Responsibility (CSR) strategy is about doing good business responsibly. Responsible banking for HSBC is to play a positive role in the economy of the country they operate and society at large. The social initiative taken by HSBC is grouped…

being those corporate executives and managers are agents who are morally and legally obligated to act in the best interest of their principle. Friedman’s’ neoliberal economics, is being contested by stakeholders theory which takes socially responsible into consideration. Dana Brakman Reiser in the article The Next big Idea: Flexible Purpose Corporations introduces the idea that social enterprises have multiple objectives, which are to earn profits for owners and promote social good.…