This study targeted at studying the relationship between the ethics, corporate social responsibility, and corporate governance.74 companies among the accepted companies of Tehran Stock Exchange which met the desired criteria were selected by systematic elimination in the interval from 2007 to 2010. In the current research, ethics and its dual aspects including ethics of justice and ethics of care, and also the corporate social responsibility and its aspects including ethical social responsibility, legal social responsibility, and economical social responsibility, were the research independent variables, on the other hand, corporate governance and its mechanisms including the size of board of directors, board independence, CEO influence, duality of CEO's duty, CEO tenure, the percentage of institutional ownership, institutional ownership concentration were investigated as the dependent variables.
This book is an effort to explain the best practices of corporate governance. It includes topics like concept, issues, need, key Elements, Benefits and Evolution of good of Corporate Governance; Good Corporate Governance step towards positive change; Corporate Governance a dynamic entrant; Role of Professionals in Corporate Governance; Board Procedures ; Remuneration and the Director’s Report; Market oriented Policies and Legislative changes for good Corporate Governance like, Legislative framework and Reforms, Government companies and writ jurisdiction, Securities contract & Regulation (SCRA) Act 1956; Role of Regulatory Bodies in Good Corporate Governance ; Effects of good Corporate Governance on the financial sector; The Relevance of Depository Act 1996; Agency theory of Corporate Governance; Corporate Governance Vs Corporate Management ; Major fundamental Corporate Governance issues addressed by US GAAP. This effort of ours is with the objective of give the reader practical and lucid knowledge of areas of corporate governance.
This book is an academic investigation of Pakistani Corporate Governance framework from Shariah perspective.The Book critically considers the imperative concepts and values of Corporate Governance.In the main body of this book the general concepts of Corporate Governance drawn from various standards and principles are explored.The Pakistani Corporate Governance Mechanism,Shariah issues in that Mechanism, Islamic Perspective of Corporate Governance, the basic elements of Corporate Governance in Islamic Law, the Business Ethics in Islam, there association with the governance of corporations and the Corporate Governance mechanism for Islamic Banks in Pakistan is also elaborated in this paper. The book clarifies that it is the only Shariah based Corporate Governance framework which is acceptable to Pakistani corporations and public. Being Muslims we can’t deviate from the revealed universal values necessary for Corporate Governance framework. This book points out the need for a faith based Code of Corporate Governance,Islamic Banking Laws and Islamic Banking Tribunals for the eradication of Usury from the banking sector and settlement of transactional disputes.
An evocative analysis on the effects of when companies form corporate policies and then stand in tandem with them as seen in their corporate activities. This research has its roots in the liberal arts but cuts across several general management themes in ethics and corporate governance. It adopts a Kantian and systems approach in understanding corporate governance and the global business environment. It examines the implications and repercussions of when there are irregularities; when corporate bodies flout rules or codes of conduct set by themselves and by regulators. The research then identifies the gaps and disconnections between corporate policies and unethical corporate behavior. The cases studied were the Halliburton bribery scandal and the Siemens Bribery Scandal, both in Nigeria. It opens in roads in understanding government-business relations and how corruption affects the firm.
International nongovernmental organizations (INGOs) have proved to be established entities and therefore their corporate governance practices need to be investigated to ensure good corporate performance. This book draws from the general understanding that INGOs are charity organizations whose actions are to be guided by the nature of their work, whilst in actual fact they do not usually espouse what they practice. The book therefore seeks to investigate the effectiveness of INGOs corporate governance practices. It goes on to explore whether there is a relationship between corporate governance practices and organizational performance.
An important theme of corporate governance is the nature and extent of accountability of people in the business. Much of the contemporary interest in corporate governance is concerned with mitigation of the conflicts of interests between stakeholders. Ways of mitigating or preventing these conflicts of interests include the processes, customs, policies, laws, and institutions which have impact on the way a company is controlled. The corporations have realized that management without good governance practices like a ship without a fail. Good Governance is integral to the very existence of a company. Countries have experienced healthy growth rate in corporate sectors which have implemented a sound system of corporate governance. Furthermore, firms in these countries have attracted a huge amount of capital from investors in the market. The book offers very interesting insights on corporate governance theories and practices and is very useful for corporate leaders and regulators. This book will be of interest to higher level undergraduate and MSc or MBA students taking courses in corporate governance or related subjects. So Finally, Ethics in business is extremely important.
Praise for Essentials of Corporate Governance «Mr. Anand's book is a practical study of the complicated issues surrounding the world of corporate governance. He includes excellent case studies and best practice solutions for improving governance programs within all types of organizations.» -Chrisan Herrod V.P. Marketing and Business Development Compliance Spectrum «This book is a highly practical, accessible guide to post-Enron reforms and an essential resource for managers who want more than just to comply with SOX; this book will help them benefit from it.» -Nell Minow Editor and cofounder The Corporate Library Written by Sanjay Anand, one of the world's leading corporate governance, risk management, and regulatory compliance experts, this simple-to-use book is designed with appreciation for demanding professional obligations, with information easy to find and at your fingertips. This professional guide's nuts-and-bolts presentation examines why corporate governance is important, to put you in a better position to understand its successful implementation for your organization. Essentials of Corporate Governance will challenge your concept of corporate governance and provide you with an understanding of: * The concept of governance * The competing goals that corporations may have * Why there is a call for corporations to be more ethical * The various forms of corporate structure * Corporate governance in emerging markets * Corporate governance within nonprofit organizations Communicating the idea of corporate governance as a process and an ideal rather than a set of criteria, this accessible and relevant book is the resource and reference guide you will turn to time and again for the knowledge you need to make corporate governance work for your corporation.
This book is about the relationship of corporate governance, corporate financing and financial performance. it elaborate in detail how corporate governance affects the corporate financing patterns which further impact the financial performance of the firms. In directly, corporate governance have large impact on the financial performance. Data have been taken of 170 firm operating in the non-financial sector of Pakistan.
This comprehensive book on Corporate Governance is an approach to introduce reader the Governance mechanism. It brings into light the basic concepts of Corporate Governance in relation with industry. This book is an ideal source of knowledge for courses of Governance, Industry & Organizational Management.Students can better learn the basic concept of Corporate Governance is and why it is essential to get Implemented.Furthermore it will guide the readers to get familiar with various codes and dimensions of Corporate Governance which should be implemented and followed in a proper manner.
The action of an organization to emphasize the corporate governance is through setting the processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. The effects of the changes in the corporate governance intended to improve the accountability and at least reduce the risk of corporate failure. In this twenty-first century, the way the company manages its money and practices in terms of Governance still remains a debated issue. The first chapter of this book started with the basic definition and understanding of the corporate governance. The second and third chapter reflects the corporate governance failure and success of two companies, Shell and Nokia respectively. In the last chapter of this book, authors tried to reflect current corporate governance practices of public listed companies in Bangladesh. This book will enable readers for better understanding of Corporate Governance theories as well as overview of the Success/Failure in the global arena and current trends in Bangladesh.
The managers cannot be expected to have the same anxiety while using the money of the others. This is the issu what ‘corporate governance’ deals with. This book aims at providing information about the effects of corporate governance on the performance of the firms during the financial crisis. Firstly the reasons of the emergence of the corporate governance is focused on, then generally accepted principles of corporate governance were explained; Anglo-Saxon and Continental approaches were focused on. Then chronologic, legal and civil aspects of the corporate governance applications in Turkey are emphasized.In the Empiric study, 167 manufacturing firms listed in Istanbul Stock Exchange were analyzed. The performance (ROA) of these firms in 2008 crisis was examined through SPSS 17.0 program. The relationship of the performance, detected with regression analyses, with corporate governance was determined.
Corporate Governance refers to the manner in which the power of a corporation is exercised in the stewardship of the corporation’s total portfolio of assets and resources with the objective of maintaining and increasing shareholder value and satisfaction of other stockholders in the context of its corporate mission. It is concerned with creating a balance between economic and social goals and individual and communal goals while encouraging efficient use of resources, accountability in the use of power and stewardship and as far as possible to align the interests of individuals, corporations and society. This study sought to assess compliance to best practice corporate governance requirements and highlights the key indicators of best practice that need to be addressed in the privately owned foreign mining establishments on the Copperbelt. The major lessons picked from the literature were the effects on the organisations and the society at large of failure to implement best practice requirements of corporate governance. Firstly, we note that if there is no transparency and accountability in decision making, an organisation may fail. Refer to report for the key findings.
This book highlights the theoretical aspects of Corporate Governance. Of all other Corporate Governance theories such as resource dependence and institutional theory, the epistemological basis of these theories remains to be agency theory. This has, therefore, been pointed out by some literatures to be the source of inconclusive results regarding what ought to be best practices and desirable firm’s corporate governance characteristics. The fundamental argument here is that, relying completely on a single theoretical approach will not provide an adequate understanding of the corporate governance process and practices because such an approach lacks multiple motives which bring about firms participation in the governance process. Principally, agency theory carries a base knowledge system of corporate governance while remaining theories just provide explanation for the relationship between different elements within corporate governance system.
Corporate Governance: Practices in Textile Industry provides an in-depth analysis of its subject and provides an overview of the reports on major issues in corporate governance in Indian Textile Units. It covers the emergence of the concept of corporate governance and its various problems and issues in textile companies. Important Features # Easy and lucid language used to explain Theories and Model # Exhaustive references to books and magazines to facilitate research in textile Industry # List of Useful Web sites on Corporate Governance and Textile Companies