CorpGovern

CorpGovern - CORPORATE GOVERNANCE Defining Corporate...

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CORPORATE GOVERNANCE
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Defining Corporate Governance “The formal system of accountability and control for organization decisions and resources.”
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Why Do We Need Corporate Governance? Legal requirement Represent and protect shareholder interests Separation of ownership and control Shareholders-Board-Managers (Who’s on top?) Agency issues To consider the business-societal interface Responsibility (social and legal contract) Ethical dimensions (to stakeholders) The corporate conscience
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Why Do We Need to Improve Corporate Governance? WorldCom SCANDALS
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Why Do We Need to Improve Corporate Governance? SHAREHOLDER VALUE Poor governance hurts stockholders Poor Performance Ethical Missteps Damaged Reputation Or Bankruptcy
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Shareholder vs. Stakeholder Model Ethical reasons to favor stakeholder model Corporation as Person Citizen More opportunities via stakeholder model Avoid threats through stakeholder model We are not there yet!!!
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This note was uploaded on 09/29/2011 for the course BUS 682 taught by Professor Staff during the Spring '11 term at S.F. State.

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CorpGovern - CORPORATE GOVERNANCE Defining Corporate...

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