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Corporate Strategy and Governance - Assignment Sample

   

Added on  2021-01-01

8 Pages1487 Words421 Views
Corporate Strategy andGovernance

TABLE OF CONTENTSIntroduction......................................................................................................................................1Literature review-.............................................................................................................................3Data Collection Methods.............................................................................................................3Giant Chart..................................................................................................................................4References........................................................................................................................................6

INTRODUCTIONCorporate government is a system of rules and regulations for company to direct andcontrol the firm. It becomes a buzz in the world of business management field. Everyorganisation has to follow certain rules and legislations which made by government. Small,medium or large organisation implemented the concept of corporate government to developstrategic plans for business. It defines the relationship between board, shareholders, managementand other stakeholders in order to promote long term growth. Corporate government strategiesinclude: methods to design structure, balancing responsibility and providing accountability tostakeholders such as customers, suppliers, management etc. Basically corporate governance is allabout sustainability and profitability. Corporate governance is a framework for organisation toachieve goals and objectives and encompasses in every sphere of management.Corporate Governance Importance:Corporate business should develop specific policies and standards of financial reportingand accountability in order to protect money invested by for Investors and stakeholders. So theyforce management to become more efficient, transparent, accountable etc. Corporate governanceis process of governing organisation such as sovereign state, instating its own customs, policiesand laws to workers from highest to the lowest level (Herrera, 2015). This helps organisation tomaintain relations with management. According to policies mentioned in government,organisation has to develop strategies and plans for operations. Good corporate policies will helpcompany to develop better organisational structure Organisation focuses on strategies in whichstakeholder also take interest that helps in building good image in market. M&S believes ineffective governance through leadership and collaboration. Issues in Corporate Governance: Corporate government plays an important role in business. It is directly impact on profitsof company and having poor policies can lead to company lawsuits, fines, loss of capital andreputation. There are various important issues which are interrelated, interdependent to deal witheach other. Such issues are:

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