... filings, and other documents, especially the minutes and documents relating to the General Meeting of Shareholders, the company Articles of Association, and from the public media and other sources of ... those in the lower score group ofcorporategovernance practices The ROE of companies with better corporategovernance at an ROE of 23.5%, compare with the companies with lower corporategovernance ... Category The rights of shareholders Equitable treatment of shareholders Role of stakeholders in corporategovernance Disclosure and transparency The responsibilities ofthe board Total Number of questions...
... filings, and other documents, especially the minutes and documents relating to the General Meeting of Shareholders, the company Articles of Association, and from the public media and other sources of ... those in the lower score group ofcorporategovernance practices The ROE of companies with better corporategovernance at an ROE of 23.5%, compare with the companies with lower corporategovernance ... Category The rights of shareholders Equitable treatment of shareholders Role of stakeholders in corporategovernance Disclosure and transparency The responsibilities ofthe board Total Number of questions...
... survey ofthe theoretical and empirical literature about the link between corporategovernanceand financial information quality First, the emphasis was placed on the composition ofthe board of ... duality), the reputation ofthe external auditor andthe ownership structure (ownership concentration and identity of shareholders) To the best of our knowledge, the identity ofthe directors or the ... to the power ofthe State andthe institutional investors and is called “STAFIN” In the third step, we use the following regression model to examine the impact ofthegovernance mechanisms (the...
... exposed further poor governance practices In Vietnam, there have been a number of company scandals from corporategovernance failures and malpractices They have included some ofthe largest corporate ... those in the lower score group ofcorporategovernance practices The ROE of companies with better corporategovernance at an ROE of 23.5%, compare with the companies with lower corporategovernance ... efficiency and productivity gains for individual companies and their investors, andthe results then have positive impact on the overall economy (OECD, 2004) Recognizing the importance ofcorporate governance, ...
... both in the set of provisions covered and in the definitions of some ofthe covered provisions For example, only 18 ofthe 24 provisions in the G-Index are covered by the 2008 volume ofthe RiskMetrics ... 1996) The evidence helps in the understanding of investor behavior and whether the policy recommendations in Richardson, Sloan, Soliman, and Tuna (2005, 2006) and FASB to curtail the use of “less ... with the exception ofthe recent paper by Garcia et al (2009), most, if not all, ofthe studies in the past had concentrated on or were seduced by the “dark side” ofthe governance, that is, the...
... quality ofthe business, the risk management in the business; the second, it is the quantum of bonus that is paid and making sure that is in line with the relative success ofthe business andthe ... since the early 1990s as a result ofthe 1992 report ofthe Cadbury Committee on the Financial Aspects ofCorporateGovernance Executive remuneration andthe role ofthe remuneration committee were ... reforming corporategovernanceand pay in the City banks and Banking Crisis: dealing with the failure of UK banks We shall consider the public regulatory framework andthe role ofthe tripartite...
... the quality ofcorporate boards andthe impact their governance practices may have on performance The CGQ uses a comprehensive set of objective and consistently applied criteria to each ofthe ... below the industry average We next examined whether firms with weaker corporategovernance are less profitable than firms with stronger corporategovernance We found firms with weaker corporategovernance ... assistance of a grant from Institutional Shareholder Services solely that ofthe authors ISS exercised no editorial control over the findings The work is >> >The Correlation Between Corporate Governance...
... the Global CorporateGovernance Forum andthe Securities & Exchange Bureau of India, andthe India–China CorporateGovernance Conference, Virginia Beach for helpful comments and suggestions and ... contribute to the literature on corporategovernance indices andthe connection between governanceand firm value We build a broad Indian CorporateGovernance Index (ICGI) and examine the association ... Acknowledgments We thank the International CorporateGovernance Forum-Asian Centre for CorporateGovernance International Conference on Corporate Governance: Role ofCorporateGovernance in Improving...
... corporategovernance in the U.K The discussion ofthe components ofcorporategovernance in Germany that follows emphasizes differences with the U.S in the control and financing of business The ... Review ofthe Role and Effectiveness of Non-Executive Directors, The Stationary Office, London 55 Hung, H (1998), “A Typology ofthe Theories ofthe Roles of Governing Boards”, Corporate Governance: ... position ofthe Chairman is usually a part-time position andthe main duties are to ensure the effectiveness ofthe board andthe evaluation ofthe performance ofthe executives (Weir and Laing,...
... to the evaluation of these two factors The first section of this paper will deal with the literature review ofthe practices andthe scholarly and practical work of financial andcorporategovernance ... Knowledge and expertise The other important area in the analysis ofthecorporategovernance s role in determining the quality ofthe financial reporting is the knowledge and expertise ofthe members, ... to overlook the businesses for them Also they ensured that the independence ofthe boards to be ensured With the passage of time, the responsibilities ofthe boards increased and there were formed...
... all ofthe powers and perform any ofthe functions ofthe company, except to the extent of this Act or the company’s Memorandum of Association” (Burger, 2011, p 7) This requires directors and ... in this study If the level ofcorporategovernance does not affect the performance of companies, then the 12 importance ofgovernance is diminished in the eyes of managers and shareholders ... role on the African continent andthe country’s notable corporategovernance reform since the collapse of apartheid in 1994; corporategovernance is of particular importance considering that the...
... DETERMINANTS OFCORPORATEGOVERNANCEAND THEIR RELATIONSHIPS WITH FIRM VALUE 72 5.1 DETERMINANTS OFCORPORATEGOVERNANCE 72 5.1.1 OLS Estimates ofthe Determinants ofCorporateGovernance ... this thesis, I examine three corporategovernance related issues, namely, the determinants ofcorporate governance, the relationship between corporategovernanceand firm performance, andthe ... understanding ofthe dynamics ofcorporategovernance structures Thirdly, given the costs/benefits tradeoff in complying with raised standards of governance, it is unclear whether improved governance...
... of social resources andthe environment, therefore the negative impact on society andthe environment Therefore, enterprises must be aware ofthe impact from the operation of their business and ... ofthe tight control mechanisms internally The previous discussion leads to the development ofthe following hypothesis: - I am aware ofthe term “ CorporateGovernance “ - I am understand the ... a component ofthe CG, thus expanding the scope ofthe CG, and integrate non-financial risks on the way to minimize risks ofcorporate activity An efficient method for corporategovernance should...
... objectives are set andthe means of obtaining those objectives and examining the value andthe performance ofthe firms The relative effectiveness ofcorporategovernance has a profound effect on how ... According to the recent IFCMPDF survey in Vietnam, only 23% ofthe companies surveyed understand the basic concept ofcorporate governance, and there remains the confusion between governanceand “management” ... determined Thus, the key aspects of good corporategovernance include transparency ofcorporate structures and operations; the accountability of managers andthe boards to shareholders; and corporate...
... terms ofthe profitability and value of a firm 2.3.2 Independent and controlling variables The basis ofthe hypothesis is that the introduction ofcorporategovernance best practices namely the ... managers act in the interest ofthe shareholders In the context of corporations and issues ofcorporate control, agency theory views corporategovernance mechanisms especially the board of directors, ... leads to the following hypothesis: Hypothesis 7: There is an association between the board characteristics ofthe parent and its subsidiary company The above hypotheses discuss the effect of corporate...
... and principals and by monitoring and controlling agents 2.4 Corporategovernanceandcorporate performance 2.4.1 Definition ofCorporateGovernanceCorporategovernance is the set of processes, ... management, strengthen credibility and a range of other benefits Foundation ofcorporategovernanceandcorporate responsibility is a system of enterprise values: - Rules for the employees ofthe enterprise ... Some others said they had heard about the term on newspapers, by media but they didn’t know exactly the meaning ofthe term The most of them (40% agree and 20% strongly agree) are aware of the...
... market reforms, and traces the evolution of SOE reforms that led to theemergenceofcorporategovernance as the core issue ofthe modern enterprise system CorporateGovernance in the Context of ... credibility ofthe threat of market failure andthe regulatory capacity ofthe state Given that the effectiveness of each and every corporategovernance mechanism ultimately rests on a credible threat of ... was under the guidance ofthe Ministry of Finance Both the bureau andthe ministry were named as the general representatives ofthe owner of state assets In the early 1990s, almost at the same...
... institutions and in providing liquidity to other sectors ofthe economy.3 The role ofthe board of directors therefore becomes crucial in balancing the interests of shareholders and other stakeholders ... business customs and practices andthe differences in institutional and legal structures of national markets Therefore, the adoption of international standards and principles ofcorporategovernance ... above, most ofthe provisions ofthe Combined Code are not legally binding and form a type soft law in the regulation of companies Nevertheless, the Companies Act andthe Combined Code together form...