A Study on Corporate Governance Policies

May 29th, 2015
Studypool Tutor
Abilene Christian University
Price: $20 USD

Tutor description

In the United States, corporations are governed under common law, the Model Business Corporation Act, and Delaware law since Delaware, as of 2004, was the domicile for the majority of publicly-traded corporations.[3] Individual rules for corporations are based upon the corporate charter and, less authoritatively, the corporate bylaws.[3] In the United States, shareholders cannot initiate changes in the corporate charter although they can initiate changes to the corporate bylaws.[3] In the UK, however, the analogous corporate constitutional documents (the memorandum and articles of association) can be modified by a supermajority (75%) of shareholders.[3] Shareholders can initiate 'precatory proposals' on various initiatives, but the results are nonbinding. Precatory proposals which have received majority support from shareholders, even for several consecutive years, have historically been rejected by the board of directors.[3]

Word Count: 6795
Showing Page: 1/19
Corporate governanceFrom Wikipedia, the free encyclopediaNot to be confused with acorporate state, a corporative government rather than the government of a corporationCorporate governanceis the set ofprocesses,customs,policies,laws, andinstitutionsaffecting the way acorporation(orcompany) is directed, administered or controlled. Corporategovernancealso includes the relationships among the manystakeholdersinvolved and the goals for which the corporation is governed. The principal stakeholders are theshareholders, theboard of directors,executives,employees, customers,creditors, suppliers, and the community at large.Corporate governance is a multi-faceted subject.[1]An important theme of corporate governance is to ensure theaccountabilityof certain individuals in an organization through mechanisms that try to reduce or eliminate theprincipal-agent problem. A related but separate thread of discussions focuses on the impact of a corporate governance system ineconomic efficiency, with a strong emphasis on shareholders' welfare. There are yet other aspects to the corporate governance subject, such as thestakeholder viewand the corporate governance models around the world (see section 9 below).There has been renewed interest in the corporate governance practices of modern corporations since 2001, particularly due to the high-profile collapses of a number of large U.S. firms such asEnron CorporationandMCI Inc.(formerly

Review from student

Studypool Student
" Very Satisfied. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1820 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors