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Corporate Governance - Assignment

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Added on  2020-10-05

Corporate Governance - Assignment

   Added on 2020-10-05

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CORPORATEGOVERNANCE FORMANAGERS
Corporate Governance - Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1CASE STUDY.................................................................................................................................1Corporate Governance............................................................................................................1Duties, rights and competences of a director..........................................................................2Committee work.....................................................................................................................4Board structure and styles......................................................................................................6Transparency and accountability of the company..................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
Corporate Governance - Assignment_2
INTRODUCTIONCorporate governance refers to the set of practices, policies, rules, regulations, values andframeworks with the use of which a company is directed, managed, monitored and controlled. Itusually includes the procedures through which the organisational objectives are set as well aspursued in relation to market, regulatory, social and economic environment (McCahery, Sautnerand Starks, 2016). This report explores the duties, competencies and rights of a director, boardstructure as well as styles, committee work and transparency and accountability of a firm.CASE STUDYABC International Ltd., incorporated in the year 1968, is an electrical components andtelephone equipments manufacturer operating and functioning within Hong Kong. ABC cameinto joint venture with an Australian group operating within telecommunications industry in1979 and opened a new factory within Shenzhen in order to produce components. Subsequently,rights were gained to produce and distribute a wide variety of telecommunication equipments inChina and Hong Kong. This incident proved to be a transformational phase for the organisationand consequently, ABC International’s employees, profits and sales increased at a massive rate.The business performance of this enterprise is found to be beyond expectations and company isearning immense profits.Corporate GovernanceCorporate governance practices are generally aimed at aligning the interests ofstakeholders and seeking to set a balance between them. Corporate governance structure isessential to gain knowledge about the roles and responsibilities of different participants withinthe enterprise such as board of directors, managers, shareholders, auditors, creditors, regulatorsetc. (Yermack, D., 2017).1
Corporate Governance - Assignment_3

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