Corporate Governance 1. INTRODUCTION.

Slides:



Advertisements
Similar presentations
Ishva Minefee September 25, 2012
Advertisements

Corporate Governance: A Review of Current Research Alexander Settles.
Teaching Corporate Governance Lori Verstegen Ryan Corporate Governance Institute San Diego State University.
INDIA.
Law, Economics, Corporate Governance, and Corporate Scandal in a Transition Economy: Insight from China Discussion by TJ Wong Discussion by TJ Wong.
WEEK 1- MGM4136 PREPARED BY PUAN HAMIMAH (TO BE USED AS GUIDELINES AS STUDENT PREPARING THEIR SPECIFIC TOPIC FOR THE ASSIGNMENT.
Introduction to Corporate Finance Prem Mathew BA /02/07.
Eurasian Corporate Governance Roundtable
Corporate Governance: A brief and simple overview By Wiparat Chuanrommanee, Ph.D. Financed and Banking Department Assumption University Aug. 17, 2009.
Good Corporate Governance in Practice. Outline What is Corporate Governance? Regulatory Requirements for Banks in Sri Lanka DFCC Practices - Key Elements.
Chapter 7 Corporate Governance.
Lecture at the Graduate School of Business – UCT Governance – a practical perspective 4 November 2010 Maria Ramos 1.
Qatar Financial Centre Regulatory Authority GCC Regulators Conference: Why Is Good Corporate Governance Important? 23 February 2010 Michael Lesser, Managing.
1 The OECD Principles of Corporate Governance – Why Corporate Governance Matters Alexander Karpf Corporate Affairs Division, OECD GCGF-IFC PEP SEE Media.
By: Ronald F. White, Ph.D. Professor of Philosophy College of Mount St. Joseph.
September 17, 2011 Theoretical Aspects of Corporate Governance Faisal AlSager MGT Corporate Governance.
4-1 Business Finance (MGT 232) Lecture Business Finance Introduction Introduction (Role of Financial management (Cont..))
The Role of Financial Management
July 2009AA - Intro to CG - L4a 1 Audit and assurance Introduction to corporate governance regulatory frameworks - UK Lecture 4a (Hong Kong SAR, Malaysian.
Theory of Corporate Finance
Corporate Governance What does it deal with and why has it been put on the agenda recently?
Chapter 1 Introduction to Financial Management and Markets The objectives of this chapter are to introduce you to: The roles of the corporation and financial.
The Nordic Corporate Governance Codes Slide show at meeting on harmonization of Nordic corporate governance Stockholm Per Lekvall.
Ethics in Business Case studies, Theory, and Application.
Budi Purwanto Department of Management Bogor University of Agriculture.
WEEK 1- MGM4136 PREPARED BY PUAN HAMIMAH (TO BE USED AS GUIDELINES AS STUDENT PREPARING THEIR SPECIFIC TOPIC FOR THE ASSIGNMENT.
The Professional Board Some thoughts on board effectiveness and leadership Date 3 December, 2015 Kit Bingham.
The Role of a Financial Manager Corporations Roles and Titles of Financial Managers Principal-Agent Problems Presentation – Dennis Spice.
Goals and Governance of the Firm
1 INVESTMENT CLIMATE Corporate Governance Development Equity Associates Inc. February-March, 2004.
Chapter 7 Corporate Governance. Definition of Corporate governance “Corporate governance involves a set of relationships between a company’s management,
Corporate Governance Lecture 10 Belaynew Ashagrie1.
1 Bishkek, October 2003 The Responsibility of the Board according to the OECD Principles and Patterns of Change in the aftermath of Recent Corporate Events.
Governance, Risk and Ethics. 2 Section A: Governance and responsibility Section B: Internal control and review Section C: Identifying and assessing risk.
Corporate Governance and Corporate Finance Spring semester 2009/2010 academic year Readings Instructor: Alexander Bukhvalov, PricewaterhouseCoopers Professor.
Basics of Financial Management. Introduction to Financial Management Financial Management display the movement of funds (money, capital and other financial.
Accounting Seminar 1 Professor: Bonita Daly, PhD Accountancy Office: Room 423 Office Hours: By appointment.
Governance, Risk and Ethics. 2 Section A: Governance and responsibility Section B: Internal control and review Section C: Identifying and assessing risk.
Copyright © 2006 McGraw Hill Ryerson Limited1-1 prepared by: Sujata Madan McGill University Fundamentals of Corporate Finance Third Canadian Edition.
Nexus-of Contracts Theory Orthodoxy is business management and business ethics is currently occupied by a deontological “Nexus-of-Contracts Theory,” whereby:
Corporate governance practices and capital structure
Entrepreneurship and Management
Auditing & Investigations I
Entrepreneurship and Management
Anselm Schneider NCCR Trade Regulation/ University of Zurich
On consideration of the Report on compliance with
Accounting Theory’s Economics Basis --A Framework
Copyright John Wiley & Sons Canada, Ltd.
Value Creation and Successful Management
Corporate Governance and Corporate Finance
OECD - Introduction It is an organisation of those countries which describe themselves as Democratic and have Market economy. Its HQ is in Paris, France.
Chapter 1 The Role of Financial Management
Corporate Governance 2. THEORY.
شرکت‌داری Corporate Governance
Литература Беговић, Б., (2011) Институционални аспекти привредног раста, ЦЛДС и Службени гласник, Београд; Јовановић, А., (2008), Теоријске основе економске.
What is corporate governance?
Corporate Governance It is a system by which companies are managed and directed in the best interests of the owners and shareholders. It refers to the.
Corporate Governance: A Review of Current Research
Dealing with Corporate Governance and Accountability Predicaments.
The Role of Financial Management
Governement Supply Chain and Procurement Summit 14th October 2008
Textbook: Family Business First Edition, by Ernesto J
MOEX Conference on Corporate Governance in Russia,
Chapter 7 Corporate governance and social responsibility
The Role of Financial Management
Entrepreneurship and Management 2.1. CORPORATE GOVERNANCE: THEORY
Corporate Finance, the Theory of the Firm, and Organizations
Chapter 7 Corporate Governance.
Copyright © 2014 John Wiley & Sons, Inc. All rights reserved. Chapter 19 Current Asset Management and Short-Term Financing Tenth Edition Alan C. Shapiro.
Corporate Governance – Principles, Policies and Practices 3e
Presentation transcript:

Corporate Governance 1. INTRODUCTION

Literature Textbooks & monographs: Papers: Reports by organizations: R.A.G. Monks, N. Minow, Corporate Governance, 5th Edition, John Wiley & Sons, New York 2011 A.N. Kostyuk, U.C. Braendle, R.Apreda (eds.), Corporate Governance, Virtus Interpress, Sumy 2007 R.W. McGee (ed.), Corporate Governance in Transition Economies, Springer, New York 2008 Papers: R.H. Coase, The Nature of the Firm, “Economica,” New Series, Vol. 4, No. 16, 1937 M.C. Jensen, W.H. Meckling, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, “Journal of Financial Economics,” October 1976 A. Shleifer, R.W. Vishny, A Survey of Corporate Governance, “Journal of Finance” 1997, Vol. 52, No. 2 I. Hashi, The Legal Framework for Effective Corporate Governance: Comparative Analysis of Provisions in Selected Transition Economies, “Studies and Analyses” CASE, No. 268, 2003 Reports by organizations: G20/OECD Principles of Corporate Governance, OECD, Paris 2015 A. Cadbury (ed.), The Code of Best Practice, Report of the Committee on the Financial Aspects of Corporate Governance, Gee and Co Ltd, London 1992

Definitions Narrow definition (my compilation): Relationships between owners of assets and managers. The main problem of the CG is responsibility of asset managers vis-à-vis its owners for realization their economic interests. Widest definition:  The system by which companies are directed and controlled. (Cadbury Committee) Moderately wide definition: Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined. (OECD)

Scope of Corporate Governance Control over companies’ functioning Subsystem of the economic system Tool for studying economic relations Object of governmental and third party policy Companies included: all legal persons? only listed companies? only companies where CG problems arise?