Lecture3 - Corporate Governance and Corporate Malfeasance...

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AEM 423 Copyright © 2006 by Vicki Bogan Corporate Governance and Corporate Malfeasance Corporate Governance ± The system of checks and balances designed to ensure that corporate managers are just as vigilant on behalf of long-term shareholder value as they would be if it was their own money at risk
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Corporate Governance ± The process whereby shareholders – the actual owners of any publicly traded firm – assert their ownership rights, through an elected board of directors and the CEO and other officers and managers they appoint and oversee Who Administers Corporate Governance? ± Board of Directors ± CEO ± Investors ± Auditors ± Employees
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Board of Directors ± Who generally sits on a board of directors? ² CEOs of other companies ² University presidents ² Leading business people Corporate Malfeasance ± Deceptive and/or fraudulent activities carried out by corporate officers (When corporate governance goes awry)
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Corporate Malfeasance ± While the CEO is typically held
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Lecture3 - Corporate Governance and Corporate Malfeasance...

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