Essay on elements of good corporate governance
Transparency Transparency means that information should be provided in easily understandable forms and media; that it should be freely available and directly accessible to those who will be affected by governance policies and practices, as well as the outcomes resulting therefrom; and that any decisions taken and their enforcement are in compliance with established rules and regulations.
Apple should fight this one-man decision-making culture and embrace a more participative decision-making approach.
Participation needs to be informed and organized, including freedom of expression and assiduous concern for the best interests of the organization and society in general. A single wrong corporate governance decision can rubbish the success that Apple has built in a couple of decades.
Characteristics of good governance ppt
Apple should add more directors to its current list to reduce the possibility of the CEO and directors who are his friends influencing the decision-making process. Companies pay taxes which are partially used in community welfare. This has the potential of sinking the company due to conflicts and lengthy decision-making processes. It has also been heavily criticized for using toxic chemicals in its production processes Burrows and Hesseldahl, The shareholders take an active role in the company and play the role of electing members who form the board of directors. Kane, Y. Ranging from local to planetary, in public and corporate domain, struggle of involvement occurs at all degrees of administration. It consists of both executive and nonexecutive directors. It is the main body that oversees succession planning. Improvement is needed in these areas for they risk pulling down the entire organizations. Rule of Law Good governance requires fair legal frameworks that are enforced by an impartial regulatory body, for the full protection of stakeholders.
Effective corporate administration besides helps attracts and retain employees Webster The most major deductions of recent events of failure relate to corporate administration and public presentation of Board of Directors.
Stalwart How to cite this page Choose cite format:. Instead of striving to prevent environmental damage, Apple seeks to control the level of damage caused to the environment.
Organizations must follow with the rules of transparence to carry on concern in true, just, symmetrical and timely mode all the information reflecting the direction and activities.
Uk corporate governance essay
The company is supposed to organize annual general meetings to be attended by all shareholders. Journal of Business Ethics, 2 , pp. They include the government suppliers, employees, and the customers. It consists of both executive and nonexecutive directors. For example, it does not have recycling facilities for old computers in most countries. Companies pay taxes which are partially used in community welfare. Organizations must follow with the rules of transparence to carry on concern in true, just, symmetrical and timely mode all the information reflecting the direction and activities. Caltex besides have operations in different states.
These issues threaten the credibleness of corporate and fiscal leading. Interfering from the CEO and major stakeholders to a great extent compromises the operations of these committees.
There also exists rules and restrictions on the number of other boards that an executive board member at Apple can be part of. They are known for their brand loyalty that has sustained Apple at the top of most major customer satisfaction polls.
based on 6 review