Essays on Corporate Governance

Introduction 1. Background In recent years, the Asian Financial Crisis in 1997, and the two largest bankruptcies in the U. S. history- Enron in December 2001 and WorldCom in July 2002, have all served to highlight the importance of corporate governance (CG). Inadequate CG system …

Abstract The main objective of this study was to analyze the importance of corporate governance in banking sector and its impact of performance of banking industry of Pakistan, with mediating role of Stakeholders Satisfaction. Empirical analysis will be used on primary data collected though research …

The great Indian master of Political Science Kautilya mentioned four functions of a king in his well-known book Arthashastra -1. Raksha or protection, 2. Vriddhi or enhancement, 3. Palana or maintenance, and 4. Yogakshema or wellbeing or safeguard. It is the sacred duty of the …

Abstract The banking sector is among the most vital industries in any economy. There is thus a need for regulatory bodies to prevent any issue that may arise and lead into the collapse of this sector. One of the frameworks that have for a long …

Delegation of Authority Delegation is the process by which authority passes from one organizational level to another. But for delegation of authority, organizations would remain forever small. Delegation is the only solution to cope with the increasing work load of managers as the organization grows. …

As an outcome of the global financial crisis and numerous corporate scandals, companies are in need of most effective, skillful and honest board team more than ever. A dexterous squad of people, who fully understand and actively engage in virtually all aspects of a company’s …

The Finance Committee Report defined Corporate Governance as “the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long-term shareholder value, whilst taking into account the …

Corporate Governance Corporate Governance is a reflection of the company’s culture, their relationship with stakeholders and commitment to values. ONGC has a pioneer in benchmarking its corporate governance practices with the best in the world. ONGC Corporate Governance philosophy is based on the following principles:- …

The final tier of elected government is the district (Gila) council. The district council insisted of all the (directly elected) union council Nazism in the district. The head of district council, the district Nazism and district naif-Nazism are indirectly elected. Another aspect of representation in …

Tyco began in 1960 when it was founded by Arthur Rosenberg and started as an investment holding firm. In 1973 Joseph Gaziano took over for Rosenberg as CEO and pursued many hostile acquisitions. He was successful and was able to grow the company to a …

Literature Review Different CG indices have been confirmed in the literature, mostly depended on developed countries. But, very small work has been carried out on the developing and developing markets. An attempts is carried out to establish know how of the emerging markets of Asia …

A governance structure is the system which governs the relationships among a firm’s managers, shareholders, employees, customers and suppliers, playing an important role in providing both incentives and controls of managerial behavior (Tran, 1998). It can be defined as ‘an institutional framework in which the …

Office supplies retailer Staples Inc., which called off a deal to buy smaller rival Office Depot Inc. this month, said Chief Executive Ron Sargent will step down after the company's annual meeting on June 14.The decision comes three weeks after a U.S. federal judge ordered to …

This paper present the Country’s vaunted system of disclosure, financial reporting, corporate governance and accounting practices has shown serious signs of failing to keep up with the needs of today’s investors, our economy, and new technology that makes rapid communications not only possible but essential. …

European corporate law has enjoyed a renaissance in the past decade. Fifteen years ago, this would have seemed most implausible. In the mid-1990s, the early integration strategy of seeking to harmonies substantive company law seemed to have been stalled by the need to reconcile fundamental …