Emphasis on reforms of their corporate governance structures

Assignment Help Operation Management
Reference no: EM131375001

Many developed countries are currently placing emphasis on reforms of their Corporate Governance structures. In the USA, the Sarbanes-Oxley Act has been enacted. In the UK, the Combined Code is the result of the many committee reports (from the Cadbury report in 1992 to the Hampel report in 1998) and it was redrafted in 2003. The USA has taken the enactment route, which means that listed companies which do not comply with the Sarbanes-Oxley Act have breached the law. The UK has adopted a comply or explained approach. All UK Companies are encouraged and expected to comply with the Combined Code but the Code is not law i.e, it is not mandatory for companies to comply with it.

a) Discuss the strengths and weaknesses of both the USA and UK approach.

b) Presently, the Singapore Code of Corporate Governance is also not law; just as the Combined Code in the UK. Should we make it into law just as the Sarbanes- Oxley Act in the USA?

Reference no: EM131375001

Questions Cloud

Issues arise over appropriateness of executive membership : Company boards vary in size, selection and nature of membership, and the way in which performance is appraised. Issues arise over the appropriateness of executive membership, the approach to conflict of interest, and the relationship with management...
Explain the potential risks in the researched trends : The healthcare industry is dynamic. The landscape is constantly changing based on a variety of factors. These factors may be political, technological, legal, regulatory, experimental, etc. Because of this, healthcare managers must have the ability to..
Leadership style do you think he might employ : David Raines is an experienced senior manager who wants to create a business that would employ him and provide for his family when he chose to retire. He also feels the pull of building his own enterprise and in turn wants to help others in his rural..
Research on the topic of supply chain management : In the book The World is Flat: Brief History of the 21st Century. After reading Chapter 16 on the Dell Corporation, research on the topic of supply chain management. Search for a peer-reviewed reference. How does supply chain management impact a comp..
Emphasis on reforms of their corporate governance structures : Many developed countries are currently placing emphasis on reforms of their Corporate Governance structures. In the USA, the Sarbanes-Oxley Act has been enacted. Discuss the strengths and weaknesses of both the USA and UK approach. Presently, the Sin..
How does code of governance impact upon such business : In a small and medium enterprise (SME) and family business, the founder usually owns most of the shares and manages the business full-time in a very hands-on manner. How does a code of governance impact upon such a business?
About the trust customers have in their brand : Explain why managers should be concerned about the trust customers have in their brand or company and what they can do to build trust.
Forced greater attention to corporate governance : Not infrequently, shareholder activism has been suggested as the trigger that forced greater attention to corporate governance. Explain why this might be so, and discuss how aspects of good governance practice protects shareholder interest, using the..
Measure internet traffic-udiences and campaigns : What are some of the specific metrics that measure Internet traffic, audiences, and campaigns? Which ones do you think are most important?

Reviews

Write a Review

Operation Management Questions & Answers

  The project wacc is estimated

The project's WACC is estimated to be 10%. Using EXCEL find the MIRR (5 pts.)? Now, find the MIRR without using Excel (4 pts.). Show your work.

  About how to avoid making the same errors in the future

You have realized that a report your team authored, and which is now sitting on the desk of the CEO, contains several significant errors. What is the most effective way to deal with this situation? Discuss the errors directly with your teammates and ..

  During the decline stage of the industry life cycle

A prospector strategy typically involves which types of behavior (check all that apply - you may need to check more than one item to get full credit). During the decline stage of the industry life cycle:

  Compare physical channels with direct online selling

One of the challenging aspects of marketing is deciding on the right channel design for your company. As the owner of a successful business that supplies a large product line to consumers, you need to make certain decision regarding your channel desi..

  How should adel decide whom to take on the negotiation

Adel works for a major airplane manufacturer in the Midwest. He must travel to Washington, D.C., to negotiate revisions to a contract with the U.S. military. The key issues presented are cost overruns due to complex engineering changes. What factors ..

  Define products to increase revenues and profitability

For each article: Provide a brief explanation of how each supports one or all of the possible products you have selected for candidates to be placed on McDonald's current menu. Provide a very brief analysis of the two articles you found. The summar..

  Performance coming from revenue increases or cost reductions

In which ways do smartphones help these companies be more profitable? To what extent are improvements in performance coming from revenue increases or cost reductions? How could they have used the technology to create new products and services for the..

  Describe the remedies available to gadgets galore

WidgetsRUS immediately sends an objection to the confirmation to Gadgets Galore. Describe the remedies available to Gadgets Galore under the Uniform Commercial Code?

  Influence tactics to consider when choosing influence tactic

List eight types of influence tactics to consider when choosing an influence tactic. Explain how one might relate to a real-world scenario professionally or personally. Your response should be at least 200 words in length.

  Types of teams in an organization is established

Which of the following types of teams in an organization is established with a specific mission to develop something new or complete a specific task?

  Reduce their material cost of producing units

Assume that your R&D team has a new design for their product Able next round that can reduce their material cost of producing units from $8.59 to $7.73. They pass on half of all cost savings by cutting the current price to customers. For simplicity: ..

  Situations are appropriate to model using simulation

What situations are appropriate to model using simulation? What characteristics should a model have for simulation to be used?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd