Tesis de economia

fachhochschule coburg

university of applied sciences

The Impact of Corporate Governance from

‘ The Bottom-Up View Insight The Company’

The Impact Of Corporate Governance From ‘ The Bottom -Up View Insight The Company’

Prepared for,
Prof. Dr. Rainer Kalwait Prof. Of International Controlling School of Business Coburg University of Applied Science Coburg, Deutschland

PreparedBy,
Khandaker Tareq Mahmud Sarod School of Business Coburg University of Applied Science Coburg, Deutschland

June 26th, 2003
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Coburg University of Ap plied Science, Coburg

Date: 26th, June 2003 Prof. Dr. Rainer Kalwait International Controlling School of Business Coburg University of Applied Science Coburg, Deutschland.

Subject: Revise version of working paper.

Dear Sir, Here ismy revise version of working paper, which you asked me to submit for the partial fulfillment of International controlling course for International MBA degree program. As per our last meetings on Tuesday , 24th June in your office, the guideline you give to me to prepare the working paper, I feel proud to say that I followed your suggestion strictly in every aspect. Even I followed the guidelinewhich you gave to me on the open discussion in the class . I honestly believe and hope that, this report will fulfi l your requirements , and I truly appreciate this assignment as I learn a lot of terms and important information about my subject which will obviously help me to build a dynamic future.

Most Cordially,

Khandaker Tareq Mahmud Sarod

MBA (Stamford); BBA ( Hon’ s)

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Table ofContents
Topic Corporate Governance Definition by Profess ionals Historical Development Main Topic Impact on the Organization Bottom Up View (Corporate Governance) Who is doing this Workers Unio n Workers Union Representative Trade Union Commo nwealth Trade Union PARITY Participating Act Employee Meetings Compet ition new idea Legal Board Structure Bush signs Corporate Government act. Future developments Conclusion Refinances Page No 4 4 5 6 7 7-13 8 9 9 10 11 11 12 12 12 13 13 14 15

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Corporate Governance:
Broadly speaking, the term corporate governance refers to the relationship between the investor/owners, directors and management of corporations. At a broader level, corporate governance is the starting point for a discussion about the responsibility of companies andexecutives toward a wider base of stakeholders - customers, employees, shareholders, business partners and in particular, the communities within which they operate. Corporate governance is about structures and institutions by which the outside world facilitates value creation within the firm 1 . The governance system provides a balance between individual aspirations within the firm and those of thesurrounding community. A proper governance framework is of fundamental importance in enhancing the economic performance not only in individual firms but also in promoting the level of welfare in society. Corporate governance as a field of study is interdisciplinary by nature. All areas of business economics are at least to some extent involved. An essential feature of a successful corporate governancesystem is indeed that it successfully channels aspirations of different types of experts within th e organization to the benefit of the organization as a whole.

Definition by the Professionals: "Corporate governance…is defined narrowly as the relationship of a company to its shareholders or, more broadly, as its relationship to society…” 5 "Corporate governance accountability.” 4 is aboutpromoting corporate fairness, transparency and

OECD defined corporate governance as: " Corporate governance is the system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as, the board, managers, shareholders and other stakeholders, and spells...