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Corporate Governance

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Corporate Governance

  1. 1. MGMT 447 Week 8
  2. 2.  http://www.youtube.com/watch?v=2Mr4mje Z2ko&feature=related
  3. 3.  Process by which organizations are directed and controlled  But who controls the organizations?  Corporation owners  Board of Directors  Audit committee  Compensation committee  Corporate governance committee
  4. 4.  Flexibility with governance standards  Vague  Allows for excuses
  5. 5.  Aggressive  Financial Penalties
  6. 6.  Merging together CEO and Chairperson of the Board positions  Lost long-term view and focuses on short-term
  7. 7.  Climate of Trust and Candor Culture of Open Dissent Mix up of Roles Individual Accountability Board assessment of leadership talent Evaluation of board performance
  8. 8.  Provides a Checklist Problems  Looks good on paper but can be loop holes (i.e., Enron)
  9. 9.  Based on trust Can lead to higher payoffs than unethical behavior

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