The Relationship Between Corporate Governance And Social...

1. Relationship between corporate governance and social responsibility. Does a corporation have to act selflessly to be considered socially responsible? Of equal concern is the question of corporate social responsibility, what this means and how it can be operationalized. Therefore, several industries consider that their supremacy is suitable as they conform to the joint code on corporate governance, which came into effect 2003. Several companies respect corporate supremacy as a part of investor relationships and have no action concerning such governance except to identify that it’s important for investors and to flag up that they have such policies of the governance. The majority enlightened identify that there is a clear link between governance and corporate responsibility and put energies to link the two. Frequently this is no further than making a claim that good governance is among CSR policy and among their relationship with shareholders (Saunders et.al, 2016) Corporate Governance is focused with holding the balance between social goals and economic as well as between individual and communal goals. The framework of the corporate governance is responsible in encouraging the effective custom of resources and equally to require accountability for those resources. The main objective is to bring into line the interests of individuals, corporations and society CSR is concerned with handling the stakeholders of the firm ethically. Exist of shareholders within a firm andShow MoreRelatedThe Relationship Between Corporate Governance And Social Responsibility2248 Words   |  9 PagesRelationship between corporate governance and social responsibility. Does a corporation have to act selflessly to be considered socially responsible?   Of equal concern is the question of corporate social responsibility, what this means and how it can be operationalized. Therefore, several industries consider that their supremacy is suitable as they conform to the joint code on corporate governance, which came into effect 2003. Several companies respect corporate supremacy as a part of investor relationshipsRead MoreThe Relationship Between Corporate Governance And Social Responsibility Essay1777 Words   |  8 Pages1. What is the relationship between corporate governance and social responsibility? Does a corporation have to act selflessly to be considered socially responsible? Use a specific example to explain your answer. Corporate Governance is focused with holding the balance between social goals and economic as well as between individual and communal goals. The framework of the corporate governance is responsible in encouraging the effective custom of resources and equally to require accountability forRead MoreAccountability Is An Essential Ingredient Of Corporate Governance1242 Words   |  5 PagesAbstract Accountability is an essential ingredient of corporate governance, and indeed is the reason for any corporate governance set up. This paper discusses the ways in which accountability contributes to corporate governance and vice versa, and the mechanisms by which organizations may become more accountable and transparent. Corporate governance and accountability are often interrelated in organizations and provides a focus for business practices that promote fairness, ethical behavior, andRead MoreTransparency Is Key Aspect of Corporate Governance1331 Words   |  6 PagesThe boards of directors are responsible for the governance of their companies so there has to be transparency in company reporting. Transparency is key aspect of corporate governance because of implementing corporate governance this will allow stakeholders and shareholders to review and evaluate performance of management and the company this ensures that the board of directors and the executive directors of corporations act in the best interest of shareholders and the corporations. It is implementedRead MoreThe Importance Of A Good Corporate Governance Framework1680 Words   |  7 Pageswhy a good corporate governance framework must incorporate stakeholder accountability. For the purpose of this paper, the term stakeholder governance will be used to incorporate all aspects of stakeholder accountability and engagement, that is; dialogue, decision making, transparent operations and implementation of solutions to common problems or goals. The first part of this paper will describe how the landscape has changed for business operations due to environmental, economic and social reasonsRead MoreThe Factors Influencing Corporate Social Responsibility Disclosure1037 Words   |  5 PagesThe Factors Influencing Corporate Social Responsibility Disclosure in the Kingdom of Saudi Arabia. Ayman I. F. Issa Dongbei University of Finance and Economics Abstract The aim of this study is to investigate the relationship between the corporate social responsibility disclosure †CSRD† index and corporate factors, namely, board size, board independence, board meetings, CEO duality, a firm’s size, leverage, profitability and age. To the best of my knowledge this the first to use the GRI 4th editionRead MoreSocial Responsibility : Kroger Company983 Words   |  4 PagesSocial responsibility is an ethical framework which suggests that an organization or individual has an obligation to act for the benefit of society at large. Social responsibility is a duty every organization has to perform so as to maintain a balance between the economy and the environment Kroger Company Just in this year alone Kroger has made a substantial impact in society. When it comes to the social aspect the company went above and beyond the norm. Since 2010, Kroger has been contributing $1Read Morecorporate governance1590 Words   |  7 PagesSummary: Corporate governance is an essential part of modern company operations and management , it relates to business ethics, code of conduct and system to manage a company. However, there are many corporate scandals due to the failure of corporate governance. This report analyzes the corporate governance from multiple aspects. It is through the understanding the relationship between corporate governance and business ethics, evaluating the ASX principles as a guidelines to corporate governance and analyzingRead MoreCompeting Models Of Corporate Governance1398 Words   |  6 Pages2.1 Corporate governance There are two main competing models in corporate governance. Stakeholder method Under the stakeholder model of corporate governance, firms owned and controlled by small number of major shareholders. This model of corporate governance often called as the relationship based method due to the close relationship maintained between companies and their major shareholders. This close relationship, little separation of ownership and control minimises the agency problem. HoweverRead MoreHistory And Meaning Of Corporate Governance1450 Words   |  6 PagesCorporate governance is a key term to understand and it is increasingly important part of running a successful company. The system has evolved over the years, guided by the challenges and misjudgements of the corporate world. The following guide will help you look into the history and meaning of corporate governance and find out about the core principles of it. You can also read about the key models and guidelines that help companies implement strong corporate governance in the demanding and competitive

Mexico Economy And Gdp Of Mexico - 769 Words

MEXICO ECONOMY AND GDP Mexico is the 15th largest nominal GDP in the world and the 11th largest by Purchasing Power Parity which is estimated at $2.2602 trillion in 2015 and a $1.3673 trillion in nominal exchange rate. Its annual average growth from 1995 – 2000 was 5.1% but dropped to 3.02 % over the next 10 years. In the wake of the global financial crisis, Mexico GDP further took a nose-drive by a 6.2% decrease; the economy is gradually normalizing as the GDP expanded to at 2.1% in 2014 a two year consecutive growth. It is expected to modestly rebound in 2015 to 2.7% before averaging a robust 3.5% between the fiscal year 2016-2019 this growth when compared with other regional peers is slow, a reflection of the country weak trade ties with Asia. (EIU, 2015) But unlike most countries, it was able to maintain a moderate public debt of 45% of its GDP and a low but permanent current account deficit of 0.8% which can mainly be attributed to the country’s commercial surplus with the United States and a deficit with Asia, China and the rest of the world. It has been argued that successful implementation of structural reform could potentially eliminate some competitive bottleneck thus boosting the economy to 4-5% by 2019 (export.gov) but this is an unlikely achievement in light of the persisting institutional weakness towards implementing government reform program. The country trade balance would suffer from lower oil export as a result of decline in population and weaker oil priceShow MoreRelatedHow Does Economy Affect The Mexican Economy965 Words   |  4 PagesThe Mexican economy is currently the 15th largest economy in the world with a GDP of $2.2 trillion (â€Å"Index of Economic Freedom†, 2017). In comparison, the United States had a GDP of $18.57 trillion in 2016 (â€Å"United States GPD†, 2017). Fears of a Trump presidency initially caused predictions for a slower GDP growth in 2017, but as fears are eased Mexico’s finance ministry has increased t heir predictions for the GDP growth to an estimated 1.5% to 2.5% increase for 2017, raised from the previous estimateRead MoreMacroeconomics of Mexico: An Empirical Paper1309 Words   |  5 PagesMacroeconomics empirical paper Mexico Mexico is an intriguing global economy, being one of the largest economies of the globe, yet also the host of a large portion of poor people; in the country for instance, which has given the world the richest man alive (Carlos Selim), 51.3 per cent of the population live below the poverty line (Central Intelligence Agency, 2012). IN order to better understand the Mexican economy, it is useful to look at it through two distinctive lenses, namely the savingsRead MoreAnalyzing Political Corruption And Its Effects On The Mexican Economy1623 Words   |  7 Pagesthe Mexican Economy Gyadisha Sulvaran Palm Beach State College Macroeconomics Warren Smith 4th of April 2014 â€Æ' Abstract For macroeconomics, we were given an assignment to examine and analyze the causes of the business cycle in foreign economies. We were divided into groups of 6 and were given the instructions to randomly select a continent. Our continent was North America. We had to choose between Canada and Mexico. The reason why we decided to choose Mexico is because of its economy trade with theRead MoreUnited States And Mexico Have Different Types Of Economic Indicators1057 Words   |  5 PagesUnited States and Mexico have different types of economic indicators. An economic indicator a statistic used to measure future trends in a nation s economy. For instance, the social and economic statistics distributed by authorize sources, for example, U.S. government divisions are pointers. Some popular economic indicators that will be discussed in the paper are, gross domestic product (GDP), inflation, population, and standard of living. Each of these indicators is categories under leading, laggingRead MoreWhat Is Mexico 1995753 Words   |  4 PagesMexico’s economy in the 1980 to the 1995 was a mixture of state owned industrial plants, private manufacturing, and services. The macroeconomics policies of the 1970’s left Mexico’s economy very vulnerable to external conditions. Making this turn sharply into Mexico in the early 1980’s causing the worst recession since the 1930’s. This is known in Mexico as â€Å"La dà ©cada Perdida†, meaning â€Å"the lost decade†. It was undermined by fiscal mismanagement. This resulted a sharp deterioration of the investmentRead MoreThe North American Free Trade Agreement894 Words   |  4 PagesBy December of 1994, Mexico underwent a deep economic crisis, which saw the devaluation of the Mexican peso, a deterioration of wages, rampant unemployment, as well as extensive personal and corporate bankruptcies that led to the poverty and malnutrition of many of its citizens. As we explore the economic e ffects that NAFTA has had on Mexico, we must consider what economic disparity has meant for the citizens of Mexico, and how it has impacted migration patterns from Mexico to the United States.Read MoreIssues in Mexico Essay1103 Words   |  5 Pagesimmigration into the United States, many of us immediately think of Mexico. As a nation, Mexico is a much greater country than these commonly referred to issues. Mexico is a country with a broad history, deep family culture, and an economy fueled by oil and tourism. The United States Department of State (USDS) offers a broad range of information on countries outside the US, including Mexico. I found a wealth of information about Mexico through the USDS Background Note provided on their website locatedRead MoreThe Mexican Peso ( Mxn )1066 Words   |  5 PagesThe Mexican peso (MXN) was originally based on Spain’s official currency, known as the silver dollar. The Mexican name originated from the 8-genuine coins, made from pure sil ver, that were issued by Spain from Mexico. It was the first currency to use a distinct border and precise weight to guard against counterfeits, which made it exceptionally well known. The peso had been at 12.5 to 1 dollar for around 22 years, from 1954 to 1976. In 1976, the Mexican peso decreased from 12.5 pesos to 1 dollarRead MoreMarket Analysis : Currency Etf1234 Words   |  5 Pagescurrency-denominated short-term debt instruments. Launched in 1996 the iShares MSCI Mexico Capped ETF (EWW) is the most popular and common ETF, offering retail investors an immediate approach to gain exposure to an extensive scope of Mexican equities. It tracks the MSCI Mexico IMI 25/50 record. This ETF is one of Latin America’s biggest with $2.2 billion in resources and has a cost proportion of 0.50%. Top sectors in the iShares MSCI Mexico Capped ETF are consumer defensive (23.6%); basic materials (19.02%): financialRead MoreDoing Business At Mexico : A Largest And Most Open Economies1108 W ords   |  5 PagesDoing Business in Mexico Mexico is one of the largest and most open economies in the world. It has only a handful of strategic sectors or industries not yet open to private investment. Mexico is forecasting an economic growth rate between 2% and 3% over the next fiscal year so it is important to understand the different aspects of what is involved with doing business in Mexico. Basic geographical information, cultural diversity, and proper business etiquette will all play a large role in business

An Astrologer’s Day Essay Free Essays

â€Å"An Astrologer’s Day† has a deceptively simple plot, although the full significance of the story becomes evident only after a second or even third reading. Part of the difficulty arises from the fact that the author deliberately avoids markers that would benefit the reader: there is no clear indication where the story occurs or when it does, although it is possible to make an educated guess about both. The story begins almost in medias res (in the middle) and concludes on what appears to be an ambiguous note. We will write a custom essay sample on An Astrologer’s Day Essay or any similar topic only for you Order Now But, in fact, the story is a tightly knit one in which all parts fit together. Description The story begins with a description of the astrologer, who is the central character in the story. In minute detail, his appearance, his clothes, and all the materials he uses to ply his trade are described. The astrologer, who is not given a name, comes across as a type, one of the many street vendors in India, who sit under the shade of a tree or a temporary shed and sell anything from vegetables to newspapers. This astrologer belongs to the same category although, given the nature of his trade, there is a need to dress and behave in a particular manner. He does that effectively by giving the impression of a holy man whose special powers enable him to function as an astrologer. Almost casually, the surroundings of the astrologer begin to take shape. While there are no clear references to a particular city, it is likely, since Narayan consistently uses the fictional city of Malgudi, that this story too takes place in Malgudi. In any event, one gets the impression of a somewhat backward city which still retains a measure of its rural character. The reference to â€Å"municipal lighting† is one of the strategies employed by the author to suggest a sense of the place. In†¦  » Complete An Astrologer’s Day Summary How to cite An Astrologer’s Day Essay, Essay examples

Skill Test for Global Readiness Index- Free Samples to Students

Question: Discuss about theSkill Testfor Global Readiness Index. Answer: The aim of the present assignment is to reflect on each of the individual management self-tests, which have been taken previously to understand my potentiality as a manager. Therefore, in the present paper, through a concise reflection, a brief reflection on each of the individual tests along with a development plan will be accomplished. The development plan would be based on the reflection, which will supposedly give account of the flaws or weak points of me as a manager. Previously, five self-tests on skills of effective managers, managerial assumption, global readiness index, time management profile and emotional intelligence have been pursued. In the following, the aforementioned tests will be briefly reflected. From the initial self-test, I have learnt that in order to become an efficient manager, I would need to have potentialities to build team work, should have communication flexibility, self-management skills and the ability to think critically. At the same time, I have identified that a manager should have the professional leadership skills, which is the most prevalent criterion for building a fruitful team of subordinates. The test result is indicative of the truth that I have efficiency in most of the aforementioned skills and therefore, each of the above-mentioned skills should be practiced by me if I want to become an effective manager in future. As mentioned by Hommelhoff and Sabin. (2015), a successful manager should have technical experience and conceptual knowledge. Both of them are necessary for accomplishing ultimate organizational goal of productivity. The score for the particular test is indicative of the fact that I have the strength to advance all the above mentioned feat ures sharply in future. The second self-test, which has been the test for managerial assumption, reflects that I am have the ability to control myself in a particular situation. Most significantly, the test has indicated that I have a positive perception regarding the people around me; therefore I am more likely to think that people who are working under me will be able to accept their responsibility. The test of X and Y theory of McGregon indicates that I have the ability of transformational as well as transactional management, which are essential in motivating employees for acquiring best productivity and performance. It is one of the fundamental responsibilities of the managers to motivate their employees so that they can understand their responsibilities and accomplish them properly (Gabdreeva and Khalfieva 2015). My score also implicate that I can manage people, which means I would be able to use the reward and punishment strategy properly to manage the productivity. The managers are required to deal with employees coming from diverse regions of the work, and hence having a global mindset is highly important as it helps him in interacting with the subordinates in a culturally sensitive way, without hurting the sentiments of anyone. The Global Readiness Index test that I have undergone has shown that I do have the ability to mingle with and work with people of different cultural backgrounds (Mujtaba 2013). This will help me deal with expatriate employees working in my country as well as work abroad with foreign workers in future. I have discovered that my global knowledge is not very high and it can be improved upon. This can be disadvantageous as it is not enough to respect the cultural beliefs of the foreign employees, as a manager is also required to be well-versed in the knowledge of the country, government rules and policies in the foreign locations as well. Hence, I would require to improve the same in future. A manager sets the example to its employees, and if he himself is late, he will fail to motivate his employees to work within the specified timeframe. Hence, I believe that the time management skills of a manager are highly important. The test I took to examine my time management skills showed that I am very punctual and my high score of 8 shows that I am pretty much capable of handling tasks and assignments with short and urgent deadlines. I would be able to complete each task assigned to me within the time available and it is expected that I will not usually late for any business meeting. This will help me complete my work most productively, and inspire my subordinates to manage their tasks in a more organized way. I have realized that the very reason why I can complete my world within a short time is that I have a very systematically organized approach towards work, that helps me complete my tasks beforehand. I can easily organize my to-do list and this implies that in future, I w ill never run short of time (Tabassi et al. 2016). As far as the Emotional Intelligence Tests re concerned, I scored pretty well in emotional mentoring, although my capability to manage my emotions has been found to be lacking. I have also found that I can empathize well with people, and though it is good, it may land me up in problems being more generous with my employees leading to organizational problems. I am not good at controlling my emotions and thus I may fail to influence and inspire my employees to work productively in future (Helfat and Peteraf 2016). In case of organizational trouble, I may shout and yell at employees, making them more de-motivated and crestfallen at work, that will affect the workplace productivity. However, I can influence my subordinates to work harder and lead them in a proper way. Although the technical skills as well as the conceptual skills are highly important for any manager, a manager is required to possess certain important qualities that can help him administer his duties in an effective way without indulging or even de-motivating any of his employees. Accordingly, I have realized the importance of the aforementioned skills, and I believe I possess most of the skills that can help me become a successful manager in future. However, I would like to improve my ability to manage the employees as well as enhance the linguistic skills necessary to communicate with employees of different ethnic backgrounds. PERSONAL DEVELOPMENT ACTION PLAN Name .. Student Number .. In order to reach your goals, what behaviours will you Stop, Minimise, Keep Doing, do More of and which will you Start? SKILL STOP MINIMISE KEEP DOING DO MORE START 1 Time Management Skills 2 Teamwork 3 Global Knowledge 4 Emotion Management skills 5 Creativity Reference List: Gabdreeva., Khalfieva., 2015, Asian Social Science. Features of Managers' Personality Psychological Properties Relationship,11 (3), 158-161 Helfat, CE Peteraf, MA, 2015, Managerial cognitive capabilities and the microfoundations of dynamic capabilities.Strategic Management Journal,36(6), pp.831-850. Hommelhoff, Sabine., 2015, Journal of Service Theory and Practice. Implicit managerial theories about followers and customers, 27(1), 47-68. Mujtaba, BG 2013, Managerial skills and practices for global leadership. Tabassi, AA, Roufechaei, KM, Ramli, M, Bakar, AHA, Ismail, R Pakir, AHK, 2016, Leadership competences of sustainable construction project managers.Journal of Cleaner Production,124, pp.339-349.