1. Introduction: Corporate Governance is a broad term defines the methods, structure and the processes of a company in which the business and affairs of the company managed and directed. Corporate governance also enhances the long term shareholder value by the process of accountability of managers and by enhances the firm’s performance. Corporate Governance defined by OECD to “Procedures and processes according to which an organisation is directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organisation – such as the board, managers, shareholders and other stakeholders – and lays down the rules and procedures for decision-making”
Discuss about Newell’s organization structure. How does Newell’s headquarters (corporate office) add value to the businesses? Newell maintained a centralized administration at the corporate level. Since Newell has chosen the strategy to expand through acquisitions, ensuring Newellization and corporate continuity across the division are the key responsibilities of the organization structure it adopted. The basic functions like legal and tax issues, benefits, EDI, credit and collection, and financial control systems were administrated from this centralized corporate office.
The term of corporate communication refers to the manner in which the corporate identity will be transformed to corporate image, i.e. the transmission of the concept of corporate identity. Elements of corporate communication that is related to corporate behavior are the visual images as well as areas of marketing, for example advertising, public relations and promotion. In essence, you could say that it is the effort of the leaders of an enterprise to transmit the values and beliefs, as well as the idea of "us" through various ways: • Presentation and narration of past accomplishments from persons who worked and offered in corporation • Educational and informational seminars • the employees have the ability to express their opinion for decisions • coordinating events • Awards • Grants for
The company is committed to good corporate governance for sustainable success. It provides detailed information on various issues concerning the company’s business and financial performance. The company respects the inalienable right of the shareholders to information on the performance of the company and considers itself a trustee of its shareholders. They believe that sound corporate governance is critical to enhance and retain investors trust. Accordingly, they always seek to ensure that they attain their performance rules with integrity.
The corporate governance includes the practices, rules and the processes which are controlled by the company. The corporate governance helps to balance the interest of different stakeholders of the company which includes management, suppliers, government, shareholders and customers. All the objectives of the company can easily be accomplished with the help of the corporate governance. The meaning of the governance includes controls, resolutions, policies and set of rules. It is the importance of the shareholders that they can directly affect the governance.
Multiple factors are promoted by these guidelines such as transparency in communication with investors, clear appointment process, performance related awards for CEO, promoting board performance evaluation, establishing board committees and independent audit committees, balancing competencies and director skills, ensuring optimal size of the board, ensuring that independent or non-executive directors are included in the board, and separating the role of CEO and the Chairman. 4.2.3. Examination of Corporate Governance Effectiveness at Meggitt PLC Some significant factors related to corporate governance and its contribution to performance have been identified in the current literature. Explanations for some of these factors have been provided in terms of Meggitt PLC and its competitors. 220.127.116.11.
By using the three main categories for Corporate Strategy which is stability, growth and retrenchment would guide the corporations toward its goal and objective. The advantage of corporate strategy in connection with the corporation’s goal and objectives is that a corporation can gain financial advantage if it enters into a joint venture or acquires other companies it can increase profits, cash flow and borrowing power. Another strategy is functional strategy. This is used to maximize resource productivity and achieve corporate and business unit objectives and strategies. It is concerned with developing and nurturing a distinctive competence to provide the corporation with competitive advantage.
Internal Mechanism of Corporate Governance Internal mechanisms of corporate governance is the way of companies to conduct a controlling by use internal structure and process, in this research the internal mechanism will be measured by board size and CEO duality. The number of directors constituting the board of a company can influence its performance positively or negatively. Larger board size provides more monitoring resources, which may enhance firm performance. Dalton et al. (1999) found the positive relationship between board size and firm performance.
Introduction In the globalised era, the future of any company depends on the reputation of the company, ‘how the company is viewed by its key stakeholders such as shareholders, investors, consumers, employees etc’ (pg ). This task of formation and sustenance of the company’s reputation relies on corporate communication. Therefore if given power and authority I would like to improve internal corporate communication in my company. What is corporate communication? Corporate communication is the total communication activity performed by the company in order to achieve its objectives.
(c) An assessment on the management of the SMEs Company. (eg: leadership, operation etc) In REDtone International Berhad, the Board of Directors (Board) represents the shareholders. The Board also plays an empower role to ensure that the entity of the proper management which include the long-term financial return of the corporate. Besides that, the Board also takes the responsibilities to manage the company and its subsidiaries to achieve the company’s objectives as well as the financial return. In addition, the Board always obligated to increase the shareholder’s value and responsible to the customers, employees, suppliers, the government and communities as well as to the environment.