MGT4070_W4_Smith_C.doc.docx - Running head WEEK 4 PROJECT 1 Week 4 Project 2nd November 2019 Running head WEEK 4 PROJECT 2 Discuss MSO’s corporate

MGT4070_W4_Smith_C.doc.docx - Running head WEEK 4 PROJECT 1...

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Running head: WEEK 4 PROJECT. 1 Week 4 Project 2 nd November 2019
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Running head: WEEK 4 PROJECT. 2 Discuss MSO’s corporate governance. Has the company been able to separate the ownership and managerial control? Martha Stewart Living Omni-media came to be as a result of Martha Stewart’s passion for cooking, gardening, and sewing. The company’s corporate governance can be said to be a set of mechanisms that are mainly used to manage the company relationships among its shareholders in order to have a hand in the determining and control of all strategic directions and performance of the company. According to Hitt, Ireland, & Hoskisson, (2016) going to prison can prove to end careers but not in Martha Stewart’s world because, in 2005, she went to prison for five months which only resulted in a slight smudge on her highly polished image. After her conviction, she resulted in resigning as the CEO of MSO. After she was released, the broadcasters and advertisers were quick to forgive and went back to her magazine and even offered her a deal to star in two new TV shows. With the new leadership with the new CEO, the new board and Martha Steward, MSO was starting to head to recovery in the year 2016. Evaluate the effectiveness of MSO’s board of directors. Have the directors been able to monitor and control the company? Before Martha went to prison, she tried to take control of her company by ensuring that she remade the board of directors with people who had her interests at heart. Due to her control measures, the company had difficulties to make profits but changed in 2005 when the company made a 12% increase in revenue (Hitt, Ireland, & Hoskisson, 2016).as times went by, the bias of
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