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Corporate Governance Assignment (pdf)

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Added on  2019-12-18

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It has been identified that British Home Stores faces certain issues related to corporate governance and ethics so that shareholders could be benefited and overcome leadership failures. The current system of corporate governance and accountability in the UK. Different types of issues related to corporate governance faced at BHS. In this context, it includes the failure of leadership.

Corporate Governance Assignment (pdf)

   Added on 2019-12-18

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CASE STUDYANALYSIS
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Table of ContentsCase study........................................................................................................................................1Main corporate governance issues..........................................................................................1Regulation upon the issues.....................................................................................................2Case study analysis..........................................................................................................................3Issues addressed by the organization......................................................................................5Addressing the fundamental issues........................................................................................6Similar events in the UK........................................................................................................7Current system of corporate governance and accountability in the UK.................................8Lessons learnt from this case................................................................................................10Would you invest in this firm...............................................................................................11REFERENCES..............................................................................................................................12
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Case studyMain corporate governance issuesIt has been identified that British Home Stores faces certain issues related to corporategovernance and ethics so that shareholders could be benefited and overcome leadership failures.Moreover, such failures results in decreasing the efficiency of firm and shut down varied stores.Therefore, it is essential for business to maintain BHS and improve its financial break down sothat brand image and reputation within firm could be raised. It also involves different regulatorypractices and threatens business success so that enhancement in business functions could becarried out (Tricker and Tricker, 2015). It also assesses different regulatory concerns so thatappropriate leadership practices and impacts upon the brand image of firm in market. Suchidentified issues assesses in breakdown of BHS and impacts upon brand image in market. Allsuch issue needs to be identified. It has also been assessed that incompetent leaders and personalgreed of shareholders into main overcoming corporate governance risk and also improvereputation of firm in market. It is the major source through BHS helps in improving its efficiencyand attain desired targets. However, through such failures of corporate governance and ethics ithelps in improving business performance (Rothaermel, 2015).Through identifying different theoretical aspects it could be stated that corporategovernance is the main system of rules, practices and processes through which BHS needs toeffectively directed and controlled its activities. Also, it is one of the effective way that aims tobalance the interest of business stakeholders and identify their needs so that improvement couldbe carried out in an effective way (Soltani and Maupetit, 2015). Also, developing effectivestrategy in executing the process in relation to improve business actions needs to safeguard theinterest of its shareholder and also protects the environment. Further, carrying out effectivepractices helps in improving corporate governance and manage the business activities which inturn results in enhancing business performance and overcome issues faced by firm in market.Preparing effective strategy helps in encompassing profits but also helps in carrying out effectivework so that set operations could be carried out (ArAs, 2016). Moreover, ethical and corporate governance is the best way through which it improvesbusiness performance and minimize in an effective way so that managers and shareholders needto be improved so that appropriate outcomes could be carried out. Further, it also focuses uponimproving the ethics and corporate governance issues and attain desired success. Moreover, in1
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regard to improve such issues and aim to enhance business performance and provide integrationso that performance could be raised (Bodie, 2013). Identifying issues related to corporategovernance and ethics results in overcoming the issues so that management need to carry outeffective perspective and improves business performance in market. Hence, it is essential toovercome such ethical standards and helps businesses in performing desired actions which aimsto carry out appropriate decision and this train its employees towards maintaining such standardsand ethical issues need to be focused (Khan, Muttakin and Siddiqui, 2013). Management of BHS aims to identify the vision of business so that performance of firmcould be improved. Therefore, it is significant for firm to carry out effective results so thatcorporate governance and ethical issues need to be maintained. Hence, identifying the issuesrelated to corporate governance and ethical issues could be resolved so that appropriatemodification could be attained (Zahra, 2014). Management of BHS aims to improve its productsor services in terms of raising the business performance and also evaluate appropriate outcomesso that customer satisfaction can be achieved. Regulation upon the issuesManagement of BHS implements effective regulation upon the issue so that it does notaffect the customers or any other stakeholder. Therefore, through carrying out effectiveregulation practices it results in identifying the issues and improve the working of business. Ithas been identified that businesses are created by legal persons and therefore, it also operates aslegal entity therefore they are regulated by legal actions. However, it would vary from country tocountry (Rahim and Alam, 2014). Thus, allowing business to develop own legal action anddevelop corporate existence might arise fro general purpose legislation to specific. Throughformulating statutory laws it assists businesses to formulate common law and regulate effectivebusiness practices so that appropriate actions could be undertaken. In relation to carry outeffective corporate governance principles, business aims to carry out effective code and does notimpact upon the performance of firm in market (Schneider and Scherer, 2015). Such regulationaffects businesses in relation to enhance the business operations and execute the functions in aneffective way. Further, through executing code of practice and regulation in developing effectivestandards so that it regulates business practices and do not impact upon the performance of firmin market.2
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