Corporate governance(3).doc - I Abstract Corporate governance is the need of most board of directors and stakeholders since such assessment is good

Corporate governance(3).doc - I Abstract Corporate...

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I. Abstract Corporate governance is the need of most board of directors and stakeholders, since such assessment is good foundation for next improvement plans. This assignment will introduce corporate governance system of China and Vietnam as agency theory, stakeholders, board independent, social responsibility and present corporate governance of VP Bank in Vietnam listed on Hanoi Stock Exchange ( HNX) and one is China Construction bank ( CCB) listed on Shanghai Stock Exchange and Hong Kong Stock Exchange to more clear the corporate governance system of two companies as well as corporate governance of two countries. Page 1 of 12
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II. Introduction Good corporate governance system is very important in making harmonization of relationships between shareholders, stakeholders, board of directors, management and boards . Organizations with good governance not only promotes activities but also increase business effective. That organization will attract many investors and other finance sources. In addition, organizations always have ways to good monitoring and control to protect investors, legitimated operates, and have social responsibility. In this assignment, I would like present to two corporate governance systems in two other countries that are China and Viet Nam and corporate governance of a company in Vietnam and one of China. Page 2 of 12
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I. Corporate Governance. 1. Corporate governance system between China and Viet Nam. There are many theories of corporate gorvernance. But I thing that agency theory is a important element and main factor of agency theory are relationship between shareholders and the management, the separation of ownership from control and shareholders are the owners of the corporation. Moreover, agency theory point out the roles for the board of directors. When “modern enterprise system” is established, corporate in China can be knew as the accordance the western corporate governance model. The relationship between shareholders and management of corporate in Viet Nam is not yet clear. Because almost firms in Viet Nam are small model and it is private companies and family-run companies. 2. Stakeholder and its importance Diagram 1: The internal and external stakeholders of organization. When say to stable development or corporate social responsibility ( CSR). The stakeholders are sure to talk. Because the stakeholders are an organization or a person as customers, suppliers, creditors, owners, government etc., who affect or be affected to corporate. Thus, the stakeholders are important to a corporate to firms ensure that they satisfy the demands of stakeholders. Nowadays, many corporate show CSR reports to affirm their firm is good and important. Because these firms earn profits but they do not forget about social responsibility. Consequently, stakeholders have a very important position to assess CSR of a corporate.
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