Harmeet_Harmeet_1097208_task-2_MGT723.docx - MGT723 Research Project Summer\/Semester 3 2017 Assessment Task 3 Final Report Student Name Harmeet

Harmeet_Harmeet_1097208_task-2_MGT723.docx - MGT723...

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MGT723 Research Project Summer/Semester 3 2017 Assessment Task 3: Final Report Student Name: Harmeet Singh, (1097208) Your assigned research Topic: Agency Theory Draft Research Question: Is Climate change integrated into business Strategy Title: Carbon Disclosure Project (CDP) Submission Date: 27/January/2018. Acknowledgement: I certify that I have carefully reviewed the university’s academic misconduct policy. I understand that the source of ideas must be referenced and that quotation marks and a reference are required when directly quoting anyone else’s words.
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Introduction Research Question Is there any relationship between 2016 CDP, voluntary disclosure score and business strategy? How this problem linked to agency theory? CDP (Carbon disclosure project), is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts, (CDP, worldwide registered charity, 2018). GICS- Global Industry Classification Sector, (It is a four-tired hierarchical industry classification system), In 1999, MSCI and S&P Global Developed GICS, to offer an efficient investment tool, companies are classified quantitatively and qualitatively, and been assigned a single GICS Sector, (GICS-MSCI, 1999). The Main Objective of this research paper is to investigate the connection between effectiveness of Planned, Strategized, implied company’s decision taken by Board of Directors & supervised by Managers, and Company’s voluntary disclosure of information on Greenhouse Gases, their contribution to minimise carbon emissions & corporate Social responsibility. This research report completely stands on, agency theory and how it works as a limb of financial wealth, that sight at the dispute between commending people with a Various interest in the same assets. This research paper is going to help us know, some interesting facts, more precisely about the different strategies made by company’s management and how it is affecting the disclosure score of CDP. It is important for shareholders to understand, the actual position of a company before they make an investment. Dispute commend between people means: 1) Companies Managers (Directors), and Shareholders. 2) Shareholders and Partners. Literature Review – Summary These days, Climate change has become a global issue, in term of the Policy, there is another side of the world affected directly more than others, it all mediums to regional results and in their agreement with very diverse legal framework, monetary, social and natural situations (Ans Kolk & Jonathan Pinkse, 2010). Given the cost and benefits associated with the voluntary disclosure, and the separation of ownership and management, agency theory (Jensen and Meckling,1976; Fama and Jensen, 1983), argues that the board serves a monitoring role over management, on behalf of shareholders. The Managers vital job is to pay attention of the company by being faithful towards on what they do for the company and act effectively in the interest on their shareholders for which they will be paid incentives (Fama and Jensen, 1983).
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