Corporate governance

Since then twenty new accounting standards were issued by the Ministry of Finance of the Russian Federation aiming to align accounting practices with IFRS. Despite these efforts essential differences between national accounting standards and IFRS remain. Since 2004 all commercial banks have been obliged to prepare financial statements in accordance with both national accounting standards and IFRS. Full transition to IFRS is delayed and is expected to take place from 2011. Singapore: In…

The IAB, or Internet Architecture Board, is a group of appointed group leaders and volunteers who all come together to create and fine tune ideas that could be put in place to help manage Internet protocols and oversee those protocols and procedures. Since the board has more volunteers than actual nominated members, the group is made up of people with a general knowledge of the Internet and its functions rather than people who specialize in the knowledge. According to its own page, www.iab.org,…

Beside widely acceptance some studies have observed that negative relation also exists in between CG and Firm performance.(Bathala, 1995). It is widely accepted that good corporate governance improves the firm’s performance (Brickley, 1997). Many literatures are published regarding this topic but they focused only on the basis of developed countries related to Board size and Board composition. (Bhagat, 2002). There is no any relationship found in between CG and Firm performance. (Park,…

contractors identified that TKR managers did not act in their best interest, economic continuation, due to employment stipulations they were to follow in the non-compete agreement (Schmidt et al., 2017). Cosset, Somé, & Valéry (2016) assert corporate governance is valuable in competitive industries for management to avoid risky behavior inherent to positions responsible for maximizing stakeholder profitability while promoting self-accountability. The Failure in the Ethical Climate of the TKR…

Sustainable Investing (SI), and its corporate counterpart, Corporate Social Responsibility (CSR) have been widely discussed over the past decades. As an ethically oriented investment strategy when it was founded in1960s, SI (or originally Socially Responsible Investing) gradually shifted to a broader approach including environmental, social, corporate and financial factors in late 1990s. Like its counterpart, early-CSR referred to corporate philanthropy and social relations in 1950s. The concept…

Corporate responsibility is a term that is supplanting the term corporate social responsibility. The ‘social’ is increasingly being omitted in order to emphasize the (claimed) broader responsibilities of business corporations, particularly their responsibilities with regard to the environment. Corporate Social Responsibility has helped several companies to develop and work upon several new core competencies, which enables the corporate to build a special relation with its customers, society,…

Corporations need to meet the demand of customers or this generation without compromising the ability of the next generation. This requirement and a new role which corporations are supposed to meet is termed as corporate social responsibility, under which the operational impact of the organization should not have a negative impact over the society and it can be supported by the sustainability principles of the better framework (Ammato, 2009). The corporation is discouraged when discovered its…

With the pervasion of globalisation and the diversity of economic relationships, the corporate governance has become a vital issue in operating organisations in the flexible and active environment. However, corporate governance is approached by various theoretical concepts, among them, the agency theory and stewardship theory have become dominant. The adaptation of these theories in designing of corporate governance systems depends on their particular characteristics which influence the…

pressured to allocate resources to corporate social responsibility (CSR). This has been necessitated by the adoption of a broader view of the responsibility of corporations not just to its owners, but also to other important groups such as employees, partners, customers and the local communities within which it thrives. These groups collectively termed as stakeholders, ideally work together with management to incorporate social responsibility as a vital aspect of corporate management (Swaen &…

CSR-Sony -Tanima FY-A Corporate Social Responsibility (CSR), also known as corporate conscience is a concept related to the activities that are performed by a company to integrate social and environmental responsibility into their operations. It is a business model where companies attempt to work in a sustainable manner in compliance with international laws and ethics. Many companies have a CSR Policy, which defines areas of concern and initiatives to improve relations with the people and…