TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 Overview.....................................................................................................................................3 Problem Statement......................................................................................................................3 Aim..............................................................................................................................................3 Objective.....................................................................................................................................3 LITERATURE REVIEW................................................................................................................3 Research Questions.....................................................................................................................4 RESEARCH METHODOLOGY.....................................................................................................5 ACTION PLAN...............................................................................................................................7 REFERENCES................................................................................................................................9
TITLE- Corporate governance and strategies issues INTRODUCTION Overview An issue related to the corporate governance is a term that describe the mutual balance between the participants in the organization. There are different participants interested towards the business operations and functions such as shareholders, community staff member and executive staff etc.(Werani, 2018). A Corporate governance practices directly impact on the business profit and reputation of the organization and having the poor policies that can expose the firms to loss of capital investment, reputation damage etc. Problem Statement Theissuesofcorporategovernancewillimpactonthefinancialperformanceof organization and also measure the accountability of different entities in terms of policies, activities and operations. The researcher will find out the strong relationship between the corporate governance practices and impact on the financial performance of organization. This research will help in determining factors that is impacting on following of CG practices of companies also it will help in taking effective measures to minimize impact and increase profits through CG practices. Aim “To investigate the impact of stakeholder relationship on financial performance of business- A study on Marks and Spencer” Objective To identify role of corporate governance policies and practices To determine relationship between stakeholder relationship and financial performance of business To recommend how corporate governance policies can be implemented within Marks and Spencer LITERATURE REVIEW According toBainbridge, (2016) corporate governance is the most significantly visited themes in the organizations.It is also managed and control the overall accountability of organization in proper manner.An effective corporate governance has been required the directors that could be maintain the procedure and practices of companies in proper manner. It
encompasses that the executive members reporting to the broad members and aware about the daily operation that performed in the organization. On the other hand, Accountability is an essential for corporate governance to divided into the top level and lower level executive in the firm that help for maintain the entire system of checks and balances in effective manner. As per the view ofBainbridge, (2016)all the members of executive board will be having ethical duty in way of making decision which will be based on best interest of stockholders. However, corporation will be having ethical duty in protecting social welfare of others including all stakeholders and greater community as well. According tode França, Pereira and Vieira, (2018)the organization is also planning a strategy for acting different role on internally and also select the suitable strategy for growth or development. It is a process and task that involves facts and figure at their workplace for executing stratagem or support to the employee related their job. Sometimes, the organization is planning for strategy related the formulation but its fail for implementing the changes in operations. Stakeholders are the most important part of any organisation as they are having power to impact decision making process within company and ultimately impacting financial performance as well. The relationship of stakeholders are unique in their ability to help firms to get their performance better. According toBell, Bryman and Harley, (2018)an organization must be accurately collecting data in the form of report to identify their profits or losses. It makes sure to figure out that those who invest money in the organization. Sometimes, the lack of transparency expose the fines from the regulatory agencies in the organization. Research Questions What is the role of corporate governance policies and practices? How is the relationship between stakeholder relationship and financial performance of business? How strategies can be implemented to improve CG practices in Marks and Spencer?
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RESEARCH METHODOLOGY Research methodology will concept that used by researcher for collecting, analyzing and managing the data in appropriate manner. It will be helpful for selecting the suitable information that applicable in research areas. Primary data-The researcher will use the primary data collection method to collect the data through Questionnaire, conducting interviews etc. This will help in gathering fresh data and information and analysing them through this it will be easy for researcher to attain aims and objectives. Secondary data- collection will another method that help for collecting the information or data through articles, journals etc. This will give insight to researcher about the topic moreover, by interpreting case studies relevant information will be collected. For present study, researcher will use both methods to gather data. Sampling-Sampling will be explained as specific principle that used for selecting the particular members in the population. Researcher will use the 20 employees of M&S to target population and researcher will have no choice of particular study within the population that reach to their conclusion. The researcher will use simple random technique that gives chance of members participating in the research study. Analyses method-Data analysis method will help for transforming, cleansing and modelling the data with discovering the specific goals and achievements. The researcher will use the thematic data analysis of qualitative method for identifying the multiple approaches, facts and figures etc. Design-Research design will general plan about the answer in the research questions. It included research method and strategies for analysing and collecting the data in proper manner. It will be divided into two ways such as Exploratory and conclusive. For further research, Exploratory research will use for determine the nature and problem of research. It will explore the research topic with different level of depths. It will help for researcher determining the design, methodology and data collections. Exploratory method will generally study about the qualitative information and interpretation related to the subject. Access and Ethics-Ethical consideration will be specified about the important part of research. The researcher participants will not be subjected to harm the ethical in any ways.
It will respect to the dignity of participants in the research subject or topic. The researcher should always maintain the privacy and protection of participants and members. It ensures that the level of confidentiality maintain in the research data and information.
ACTION PLAN Task NameDurationStartFinish Selection of topic2 daysFri 1/18/19Mon 1/21/19 Framing aim and objective3 daysTue 1/22/19Thu 1/24/19 Conducting literature review2 daysFri 1/25/19Mon 1/28/19 Research method selection4 daysTue 1/29/19Fri 2/1/19 Data collection5 daysMon 2/4/19Fri 2/8/19 Data analyzing7 daysMon 2/11/19Tue 2/19/19 Drawing discussion and recommendation4 daysWed 2/20/19Mon 2/25/19 Edit as per client feedback3 daysTue 2/26/19Thu 2/28/19 Final submission2 daysFri 3/1/19Mon 3/4/19
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REFERENCES Books and journals: Bainbridge, S.M., 2016. Revitalizing SEC Rule 14a-8's Ordinary Business Exclusion: Preventing Shareholder Micromanagement by Proposal.Fordham L. Rev.85.p.705. Bell, E., Bryman, A. and Harley, B., 2018.Business research methods. Oxford university press. de França, J.A., Pereira, C.C. and Vieira, E.T., 2018. Valuation modelling of impairment of nonmonetaryassetsinbusinessmanagement:ananalyticalproposalforIAS 36.International Journal of Development Research.8(10). pp.23794-23800. deOliveiraandet.al.,2018.PROPOLISPROJECT:DEVELOPMENTOFASOCIAL BUSINESS MODEL PROPOSAL.Revista Eletrônica de Estratégia & Negócios.10(3). pp.27-46. Klepac, G. and Berg, K.L., 2019. Proposal of analytical model for business problems solving in bigdataenvironment.InWebServices:Concepts,Methodologies,Tools,and Applications(pp. 618-638). IGI Global. Nuijten, M.J. and Vis, J., 2018. Economic comments on proposal for a novel cancer drug pricing model.Nature Reviews Clinical Oncology.15(9). p.587. Quinlan, C. and et.al., 2019.Business research methods. South Western Cengage.