CASE STUDY 2 CASE STUDY 5 CASE STUDY 0 CASE STUDY 1 stewardship and governence STUDENT DETAILS: STUDENT DETAILS: Case study 1: The case study is based on Exxon Mobile. The CEO of company said that according to him, the company had to made focus on the mission to establish more oil and gas reserve, and that oil and gas will stay primary fuel sources for periods to come. As per the concepts of stewardship, leadership, and
Stewardship and governence of Exxon Mobile
Added on 2021-11-20
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Running head: CASE STUDY0 STEWARDSHIP AND GOVERNENCE STUDENT DETAILS:
CASE STUDY1 Case study 1: 1.The case study is based on Exxon Mobile. The CEO of company said that according to him, the company had to made focus on the mission to establish more oil and gas reserve, and that oil and gas will stay primary fuel sources for periods to come. Many shareholders did not agree. They argued that company’s importance on establishing oil and gas as energy source exposed global environment and economical or financial condition of the company. It is analysed that the company need to stick with its mission and vision for developing sustainability in their business operation. The company addresses the impacts of the rising greenhouse gas emission, which result to propose changes of climate. After evaluating the case, it is suggested that the company should continue to involve the related stakeholders in various sustainability procedure for securing the surroundings.Thus, company should make focus on the mission to establish more oil and gas reserves (Kallamu, 2015). 2.The corporations do not have ethics. It is required by the Board of company to be morality of corporation. The directors are required to render the corporation with ethical scope. For this, board is liable for making the substantial effects of the approaches it makes. The board is also accountable to recognise the both long-term effects and short-term effects of policies it accepts and for identifying the probable results on the individuals and for admitting the obligations to be responsible. It is a duty of board to make strategies of the company and identify the involved risk. It is necessary to balance challenging claims of various stakeholders and develop maintainable corporate social responsibility strategies, when fulfilling the expectations of shareholders. As per the concepts of stewardship, leadership, and corporate social responsibility (CSR), the motion of shareholder is correct that the
CASE STUDY2 company is required to curb greenhouse gas emissions enhance renewable energy research and establish the alternate fuel sources (Basco, 2014). Case study 2: 1.The board of company was very large, managerial and missing any logic of self- governing external directors. It is very difficult in various well-known corporations of Japan. The government of Japan and world-wide organisational depositors like US Calpers have been made efforts but they have not succeed to later the attitude in boardroom, to where powers must exist in and who is required to be encouraged to the board of company (Kallamu, 2016). 2.It was the corporation, which seemingly did not admit the importance of professional corporate governance believing, however went over the motion to fulfil the controllers, managers, and depositors of stock market. 3.After reading the case, it is recognised that the chairman has main role in appointing the directors of the company. There may be great effect of the resignation from the board on the conduct of Chairman or CEO of the company. The resignation of the directors of the company creates the negative image of Chairman of company or CEO of company. The main important thing to be taken as challenge is to know the constitution of the board and process of behaviour of the directors. It is considered as other corporate governance standard or model. It is analysed that supplanting the board of company with majority of independent directors, is not good suggestion. There is no such provision of practise of the independent directors; it operates conflicting to various top managerial beliefs. The burden from organisational depositors to leave the job might work; however, there must be replacement. Otherwise, the accessing advices, consultation services, directions, guidance, mentoring, reviewing, activities related to changing the behaviour, involvement and
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