Managing Earnings to Meet Critical Thresholds and the Role of Corporate Governance: A Case Study of China

2009 ◽  
Author(s):  
Liona Lai
Keyword(s):  
Corporate Governance ◽  
Critical Thresholds

scholarly journals The East India Company (1661–1698): Territorial Acquisition and the ‘Amsterdam of Liberty’

2022 ◽  
pp. 207-248
Author(s):  
Haig Z. Smith
Keyword(s):  
Corporate Governance ◽  
East India Company ◽  
Corporate Form ◽  
Broad Form

AbstractThe final chapter highlights the differences in global corporate governance, providing a case study of how differing governing models could ensure corporate success rather than failure. It continues the story of the EIC’s evolving religious governance in the second half of the century. It investigates how, following the acquisition of Bombay in the 1660s, company leaders such as Strenysham Master, Gerald Aungier and Josiah Child, developed the company’s religious governance to deal with administrating over a variety of peoples and faiths. Following 1662, in the post-Braganza era of the EIC, the flexibility of the corporate form was accentuated because of its adoption of an ecumenically broad form of governance, which allowed it to establish government over not only English Protestants but also Catholics, Armenians, Hindus, Muslims and Jews. The chapter also investigates the role of passive evangelism in the EIC’s religious governance as a way to encourage conversion. In doing so, the company hoped to bring local Indians not only into the Protestant faith, but under the English government.

scholarly journals Value-based management and corporate governance: A study of Serbian corporations

2012 ◽  
Vol 57 (193) ◽  
pp. 93-112 ◽  
Author(s):  
Predrag Stancic ◽  
Miroslav Todorovic ◽  
Milan Cupic
Keyword(s):  
Corporate Governance ◽  
Performance Measures ◽  
Corporate Culture ◽  
Multiple Case Study ◽  
Value Based Management ◽  
Corporate Objective ◽  
Multiple Case ◽  
And Performance

The aim of this paper is to determine the place and role of corporate governance and performance measures in the efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper first analyses the importance of corporate governance and performance measures in the context of value-based management. Then, through the multiple case study, we investigate the attitude of seven Serbian corporations toward defining the general corporate objective, corporate governance, and performance measurement. Finally, we point out the factors and preconditions that determine corporate culture, objective definition, and performance measures used by Serbian corporations.

scholarly journals “The Role of MSMEs in the Restitution and Development of the Indonesian Economy”

2021 ◽  
Author(s):  
Vincent Indrakusuma Loanoto
Keyword(s):  
Corporate Governance ◽  
Small And Medium Enterprises ◽  
Digital Era ◽  
Good Corporate Governance ◽  
New Business ◽  
Medium Enterprises

In this Covid-19 era, many companies are required to run new business platforms, but many of these companies are not able to keep up with the growing business trends. Of course, in anticipating changes in the competitive climate in the digital era, companies can carry out transformation programs and also implement good corporate governance values to avoid the dangers and risks of failure. This research uses a case study that focuses on efforts to foster Medium, Small and Medium Enterprises (MSMEs) that contribute to improving the Indonesian economy.

The Failure of Corporate Governance at Infrastructure Leasing and Financial Services Limited: Lessons Learnt

2021 ◽  
Vol 10 (1) ◽  
pp. 63-76
Author(s):  
Gagan Kukreja ◽  
Sanjay Gupta ◽  
Meena Bhatia
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
Financial Services ◽  
Agency Problem ◽  
Vital Role ◽  
Senior Management ◽  
Unethical Practices ◽  
The Government

This case study investigates multiple issues related to corporate governance, regulations, auditing and financial reporting of Infrastructure Leasing and Financial Services Limited (IL&FS). Combinations of these issues resulted in default in payment obligations by IL&FS in August 2018 originated from the agency problem. It posed a substantial systematic risk to the whole financial system of India. This case study highlights the severe drawback of concentration of decision-making and unprofessional work ethics at the senior management level. Further, the case study also provides the opportunity to discuss the inappropriate regulations and governance practices which cause a severe problem in long-standing and prominent organizations like IL&FS. Research Questions: (a) Discuss the vital role of corporate governance in major corporations and the reasons behind governance failures. (b) How did asset–liability mismatch create liquidity problems in a company which deals with long-term projects? (c) How does lack of a proper and unified regulatory framework for Non-Banking Financial Corporation (NBFC) harm investors’ interest? Link to Theory: This case study provides an opportunity to learn the role of corporate governance in NBFC. This case demonstrates the problems arisen because of agency problem and conflict of interest among real-world stakeholders. The case study also highlights the importance of assets–liabilities management in a strategically important organization like IL&FS. Phenomenon Studied: This case study attempts to understand the potential problems that occurred in IL&FS from the failure of good governance, lack of unified regulations for NBFCs and non-adherence of professional responsibilities by the external auditors. Case Context: The case study explores the vital role of the infrastructure development and financing companies in developing economies like India and how it may affect other vital entities of the financial system. Further, it demonstrates how unethical practices at senior management and lack of unified regulations can harm the organization. Findings: The research study found senior management’s potential involvement in unethical practices while managing the company. The financial statements did not reflect the true and fair picture of the entity, which misled investors and other stakeholders. It created chaos in the stock market, resulting in a loss to shareholders. The government set up a new board to restore the confidence of the stock market. Further, the government started to address the problems that arose. Discussions: The case of IL&FS by default, at first glance, looks like a case of asset–liability mismatch due to the lack of supervisory roles of the board and senior management’s massive regulatory failure. It is shocking how under the nose of regulators like Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and Ministry of Corporate Affairs (MCA) a default of this scale could take place. How could IL&FS group grow unchecked into a massive 348 entity. It appeared that regulators, marquee shareholders (banks and institutions), and the board of directors failed in their fiduciary obligation to regulate and supervise IL&FS.

Role of Leadership and Corporate Governance: The Case of Tata Group and Infosys

2018 ◽  
Vol 7 (4) ◽  
pp. 252-272
Author(s):  
Arvind Babu M. C. ◽  
Satyanarayana Rentala
Keyword(s):  
Corporate Governance ◽  
Leadership Styles ◽  
Multinational Corporations ◽  
Corporate Image ◽  
Attrition Rate ◽  
Bottom Level ◽  
Long Period ◽  
Governance Practices

Is your job secured? Do layoffs happen? How long do you plan to work in the same organization? How is your performance rated? These are the set of typical questions asked to bottom-level employees working in multinational corporations. Possibly, gone are the days when an employee used to engage with a firm for a long period of their career. Attrition rate is becoming higher in many firms due to endless reasons. But how far do such trends apply to top-level or C-suite employees? Are they equally impacted such as middle- and bottom-level employees in various circumstances or taken care well by founders and boards of the organization? In this case study, an attempt was made to see if we can get some answers to these questions by considering the recent issues that happened in Tata Group and Infosys during recent times. Expulsion of Cyrus Mistry from Tata Group in 2016 and Infosys 2017 saga rocked the Indian corporate image worldwide and raised issues concerning corporate governance practices. The journeys of an insider chairman of a conglomerate and a technocrat CEO were cut short by two business tycoons Ratan Tata and Narayana Murthy in a much unexpected manner which brought a bad reputation to them. It raises issues regarding leadership styles and roles in such business empires. Transparency, accountability and security are the three pillars of corporate governance, which seem to have failed in these two organizations. It also raises a serious question of credibility, integrity and business ethics of leaders in handling these two issues with the verbal criticism which continued for days in public forum.

scholarly journals A Survey of the Role of Audit Committees in Promoting Corporate Governance and Accountability in Constituency Development Fund Management: A Case Study of Nairobi Province, Kenya

2016 ◽  
Vol 2 (3) ◽  
pp. 34
Author(s):  
Nicholas Muthuma Mutua ◽  
Samuel Kakui Kilika
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Audit Committees ◽  
Future Research ◽  
Fund Management ◽  
Development Fund ◽  
Sustainability Performance

<p>The purpose of this study is to present a case for the need for audit committee in Constituency Development Fund to promote corporate governance and accountability in constituency development fund management in Nairobi Province, Kenya. The study provides an analysis and critique of the extent of engagement research in the field of corporate governance and accountability in constituency Development Fund management and present case for further research that may be directed to outside Nairobi province. The study found that the extent of literature in the field of corporate governance and accountability and reporting in contrast to the field to management CDF in Nairobi had largely ignored the practice within CDF organizations.  The study argues that CDF can benefit from the methodological and theoretical insights of audit committee and other disciplines. The study suggests where further contributions might be made by future research endeavors engaging with audit committees with organizations. Engaging audit committee in CDF governance and accountability has the potential to improve theorizing practice and the sustainability performance with organizations. Drawing on the methods and theories of other disciplines and the papers in the special issues (of audit committee) the study presents away forward for researchers engaging with audit committees in organizational practicing corporate governance and accountability.</p>

Corporate Governance Failure: A Case Study of Satyam

2010 ◽  
Vol 3 (2) ◽  
pp. 136-175
Author(s):  
Jai Prakash Sharma
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Corporate Policies ◽  
Unethical Practices ◽  
Corporate Governance Mechanisms ◽  
Unethical Activity ◽  
The Government ◽  
Similar Kind

Corporate Governance has become prominent over the last two decades as many countries witnessed corporates succumbing to questionable corporate policies and unethical practices, setting in motion reforms through codes and standards on corporate governance. India too had had its share of corporate scams. The recent fraud in Satyam has shattered the dreams of various investors, shocked the government and regulators alike and led to questioning the accounting practices of statutory auditors and corporate governance norms. Unethical business conduct, cooking of books of accounts, questionable role of audit committee, flawed ownership structure and other major governance flaws were noticed in the collapse of Satyam. As in USA, UK and other countries, India too needs similar kind of corporate governance reforms. Even though corporate governance mechanisms cannot prevent unethical activity by top management completely, but they can at least act as a means of detecting such activity before it is too late.

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