Corporate governance essay

Corporate governance essay

Corporate governance is said to be one of the most important aspects to be considered in an industry. Hence, it is recommended that the company should be able to determine the most appropriate and effective corporate governance structure and approach so as to ensure that the business will adhere to all social responsibilities, legal and ethical aspects Jul 24,  · This page of the essay has 7, words. Download the full version above. Corporate governance has re-emerged as one of the most talked about business topics in the twenty-first century after the failure of some of the large public-listed companies (Banks, ).Estimated Reading Time: 11 mins Nov 22,  · Corporate governance. Summary of article. There has been a shift in corporations from the objective of maximizing profit to the need to ensure value maximization which can be achieved by proper structure in place. The aspects that encourage high value attainment include aspects such as transparency, fair treatment of stakeholders, effective policies and implementation of proper Estimated Reading Time: 6 mins

Essay About Corporate Governance | WOW Essays

Corporate governance is an essential part of modern company operations and managementit relates to business ethics, code of conduct and system to manage a company.

However, there are many corporate scandals due to the failure of corporate governance. This report analyzes the corporate governance from multiple aspects, corporate governance essay. ASX principles referring to problems such as business ethics, code of conduct, diversity and risk management are explained with analyzing and instances, and well carried out by National Australia Bank 1.

Introduction With corporations close down in financial crisis, the problem of corporate governance has been concerned again. Bad corporation governance and poor business ethics can take many problems to a company, such as internal corruption, cheating investors and weak risk management. This report will address three questions about corporate governance.

Firstly, this report will explain the definition of corporate and its relationship to business corporate governance essay. Secondly, it will examine three Australian Securities Exchange ASX principles with ethics and recommendations of corporate governance. Finally, it will evaluate corporate governance statement of National Australia Bank NABwhich is a financial company, and assess the efficiency that associate with ethics in ASX principles.

Corporate governance and business ethics Corporate governance is a way that a company is ordered, managed and controlled. It influences companies in how to set and achieve goals, how to monitor and assess risks, how to optimize performances ACCA and KPMG, p. Further the understanding of corporate governance can be explained in two ways, corporate governance essay.

It relates to company behavioral patterns: that is the practical behavior of corporations, such as honest behavior, protect stakeholders interests. Corporate governance and business ethics are in a mutually supporting way to promote each other. Business ethics is a guide, foundation and purpose of corporate governance. Corporate governance requires company to corporate under the rules to achieve business ethics Rossouw, p6. Good corporate governance is very important for a company. It can protect shareholders interests that avoid agents violate owners interest and major shareholders violate minority shareholders interest.

The ASX Corporate Governance Council was set up in August and it was made up of 21 business, investment and shareholders groups. The moral and responsible decision should preserve the company cohesion, consider responsibility of company and expectation of shareholders, and take the responsible report about unethical practices, corporate governance essay. The ASX gives some detailed suggestions for the rules, such as board corporate governance essay senior executives should make a commitment to the code of conduct, and explain how the company copes with practical and possible conflict of interest.

These suggestions allow corporation executives know more detailed information about how to make a promote ethical and responsible decision ASX, pp There is a conflict interests and a lack of surveillance of management by the audit committee contributed to the Enron collapse in Li,p ASX gives some recommendations about how to make up an effective audit committee.

An effective audit committee should be constituted all of non-executive directors ,a majority of them are independent directors, and there are at least there members. These recommendations make corporate governance under oversight to take a more ethical operation. Corporations usually take a risky way to get higher profit. For example, corporate governance essay, Lehman Brother as an investment bank, usually takes a high leverage to earn much profit. This risky operation makes Lehman Brother at danger.

After the subprime crisis occurred, Lehman Brother went bankrupt. If Lehman Brother has an effective risk committee to oversight and calculate the risk index, which will vastly avoid investment risk FCFSI, corporate governance essay, p8.

So corporations need risk management policies and risk committee to ensure risks coincidently identified and evaluated. Corporation also should reveal whether assurance be received from CEO and CFO that is based on sound of risk management and operated efficiently.

Making honest disclosures is to protect shareholders value and encourage them participate in corporate corporate governance essay ASX, pp NAB also is an international bank, corporate governance essay, it operates across 10 countries and over 2. NAB has a code of conduct which required the observance of elaborate ethical guidelines.

The code of corporate governance essay controlled all employees and directors of the corporation, with conduct of the Board also dominated by the Board charter. These code of conduct and each director covers: personal conduct, relations with customers, financial advice to customers, conflict of interest and disclosure, corporate governance essay.

The code of conduct makes NAB corporation governance more effectively under business ethics NAB, p NAB also basically observed the diversity recommendation. Diversity can help company make more objective and wise decision. There are 5 members in NAB audit committee and all are independent and non-executive directors. There are also one member be a member of the risk committee.

There is a demand that all audit committee members should have a range of different backgrounds, skills and experience, having regard to the operations, financial and strategic risk profile of the Group NAB, pp People from different aspects can help corporation more widely oversight different problems from corporate governance.

However, according to the NAB corporate governance, there is not detailed information about audit committee members. Although NAB has a efficient audit committee, it is not transparent enough. Management has reported to the board about the performance with risks.

In the risk committee, there are 5 persons are non-executive directors corporate governance essay one member from audit committee NAB, pp In risk committee, people from different backgrounds can help corporation more effectively recognize risks. NAB did not disclose the risk management to the public, corporate governance essay.

This makes NAB be little opaque to influence investors confidence. It is related to the life of a company. Corporate governance and business ethics are complementary. The aim of corporate governance is to take good business ethics. Business ethics also promote corporate governance essay governance more effective, corporate governance essay. The ASX principles make corporate governance more efficient and business more transparent, and improve investors confident.

The NAB has generally followed the ASX principles. Although NAB has some aspects are not performed very well, it has a clear goal to be better. b Luu,T. Corporate Governance Corporate Governance Essay 8 min read. Home Corporate Governance Corporate Governance Essay. Don't use plagiarized sources, corporate governance essay. Get Your Custom Essay on. Order Essay. Title Page. Calculate the price. Type of paper. Academic level. Success Essays essays are Corporate governance essay intended to be forwarded as finalized work as it is only strictly meant to be used for research and study purposes, corporate governance essay.

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The Changing Face of Corporate Governance in the World

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Mar 27,  · Home Corporate Governance Corporate Governance Essay. Corporate governance is an essential part of modern company operations and management, it relates to business ethics, code of conduct and system to manage a company. However, there are many corporate scandals due to the failure of corporate governance Nov 22,  · Corporate governance. Summary of article. There has been a shift in corporations from the objective of maximizing profit to the need to ensure value maximization which can be achieved by proper structure in place. The aspects that encourage high value attainment include aspects such as transparency, fair treatment of stakeholders, effective policies and implementation of proper Estimated Reading Time: 6 mins Jul 24,  · This page of the essay has 7, words. Download the full version above. Corporate governance has re-emerged as one of the most talked about business topics in the twenty-first century after the failure of some of the large public-listed companies (Banks, ).Estimated Reading Time: 11 mins