This website uses cookies to ensure you have the best experience. Learn more

Corporate Power: International Management Essay

3368 words - 13 pages

Corporate PowerTable of Contents2Table of Contents 3Abstract 4Corporate Basics 4Modern Day Corporations 5Corporate Personhood 6Public View of Corporations 7Women and Corporations 9Corporate Reform 11Corporate Compensation 12Conclusions 16Works Cited AbstractThroughout this paper I will explore various aspects of corporate America, including some specifics of a modern day corporation and the idea of corporate personhood. Secondly I will look at the way the public views corporations. Additionally I will look into the topic of women in the corporate world and corporate reform.While there are many opposing views to the idea of powerful corporations and the chief executives behind them, I will show both sides of the corporate face and explain my stance of the topic. The goal of this paper is to answer the question of where corporations stand today, whether they are too powerful and in need of reform.Corporate BasicsModern Day CorporationsIn the last twenty-five years there has been a sharp upsurge in both corporate risk-taking as well as corporate demand for immunity from uncertainty. These giants have reshaped both Main Street and global commerce by practically eliminating all local mom and pop shops and forming massive multinational firms, such as the telecom companies throughout the world. Their size often gives them the power to dictate to the government as well as manipulate their suppliers. A prime example of this is Wal-Mart, a company selling millions of products at low prices. This corporation has so much buying power that they have often forced their suppliers into selling them products below cost.The global corporations of today stand as the dominant institutional force at the center of human activity. "Through their market power, billions of dollars in campaign contribution, public relations and advertising, and the sheer scale of their operations, corporations create the visions and institution we live by and exert enormous influence over most of the political processes that rule us." Concerns such as community welfare, worker rights, and environmental impacts are out of the equation for many corporations. The main concern for the board of directors is to make their shareholders money, intern making them money. If this means fixing documents and cooking the books, like Enron and many other companies have done, that is too often considered an appropriate action by the boards. From the perspective of company management today the decision whether to obey the law is simply a cost-benefit calculations. Many times the costs of breaking the rules are lower than the costs of following them. A prime example of this is seen with the Environmental Protection Agency and state regulations on pollution. Many companies have found it to be cheaper to pollute beyond their allowed amount and pay a fine rather then eliminate some of their pollutants by using new technology.Corporate PersonhoodCourts have ruled that corporations are "fictitious persons,"...

Find Another Essay On Corporate Power: International Management

Define institutional investors. Do institutional investors exercise too much power in relation to corporate governance?

4052 words - 16 pages , Commonwealth Bank, Colonial group, Coopers & Lybrand, National Mutual Funds Management (International) Limited, Incitec Limited, Deloitte Touche Tohmatsu, Publishing and Broadcasting Ltd (PBL), and JG Service Pty Limited.1.3 Percentages of Australian listed companies are owned by institutional investors:Recently, there are nearly half of the stock of large listed public Australian companies is held by institutional investors.2. Define corporate

Corporate Governance - Impact of Globilisation on Corporate Governance

2411 words - 10 pages company.The consequences of ill auditing and the excessive concentration of power in the hands of top management have led to the largest failure in recent U. S. business history with the collapse of the Enron Corporation. Relations between Enron and Arthur Andersen, Enron's auditors, were unusually close, with Andersen receiving over $55 million for audits performed in the year 2000. After selling large portions of his personal stock, the CEO and

Trends in Corporate Governance

5057 words - 20 pages of a business.Risk management is all about being aware of what may happen and taking steps to limit the chances of it occurring, or deciding that you accept that something may occur and that you are prepared for the consequences.Risk Management, Corporate Governance and GlobalisationGlobalisation of the capital market is bringing nations together and provides opportunities for organisations to trade on the international arena. Many factors have

Corporate governance: Role of institutional investors

2998 words - 12 pages participation in instigating corporate governance practices in companies. The abuse of power by management or majority shareholders can be the most important aspect for institutions to take active participation in corporate governance, besides its fiduciary responsibility towards clients.Amid all the present hype regarding the breach of corporate governance practices by the companies, what exactly does a company owe to its shareholders? In the case

McBride Financial Problem Solution

3870 words - 15 pages mortgage company with a good corporate governance process. Shifting power from the CEO to an independent board is good corporate governance. Written in the charters and bylaws is the role of the board, management and investors and the ultimate authorized decision maker, the board. Hugh McBride does not know SOX guidelines or the importance of financial report disclosure. The lack of knowledge is a serious reason the investors need to develop an

Special Political and Decolonization Committee of Morocco

1352 words - 6 pages , understands the impacts other African countries endured from corporate influence. Expanding corporate influence has resulted in issues in trades, natural resources, and human rights. The delegation propose that Africa must become and live as one economic community in order to establish sustainable and mutually supportive conditions. Morocco takes on the issue of corporate guided by the perception that it can impact the international community. Countries

Gender Diversity in Corporate a Governance Report

974 words - 4 pages . Stakeholders: Level of knowledge of corporate governance, availability and scope of information to be provided to them, unawareness and ignorance towards company practices, and most challenging: aligning the business interests with the interests of the shareholders in the Corporate Governance Framework. (International Conference HHL Leipzig Graduate School of Management, 2012) New initiatives and approaches: Boards need to identify the areas of

McBride Governance Evaluation

2286 words - 9 pages , the United States has made many positive improvements in corporate governance according to Chew and Gillan (2004, p. 71). The dominating issue is compliance; "directors are demanding assurance that companies and their management teams are acting within the rules that are intended to guarantee accurate and transparent financial reporting and to prevent self-dealing by managers" The results from SOX are showing improvements in oversight and guidance

international business

1618 words - 6 pages unique management—he originates an excellent corporate culture and HRM that impact the business in global market. For example, in 2007, Huawei has achieved high level of market performance. From Huawei’s structure, it can be said that the shareholders are the most crucial human resources within the company. They can come into being a remarkable management style (Jie et al., 2005). Huawei operates the international business in EMs with

Research on the Importance of Corporate Governance

2130 words - 9 pages business are carried out in an ethical manner with transparency and no ambiguity. Furthermore, it looks into the company’s management and its effectiveness, the governing committees, and relations with shareholders (FRC, 2011). In recent times, corporate governance has gained interest due to the deceptive and misleading business practices. Businesses falsify the disclosure of their financial statements in order to improve profitability. In such

Why diversify

9140 words - 37 pages diversified company. In the 1960s, the spectacular performance of a few successful conglomerates seemed to prove that any degree of diversification was possible if corporate level managers had the requisite general management skills. In the 1970s, many diversified companies turned to portfolio planning, aiming to achieve an appropriate mix of growth and mature businesses. In the 1980s, many corporations restructured and rationalized, basing their

Similar Essays

The Rising Importance Of Corporate Governance In Contemporary Business Environment

1816 words - 7 pages include:Facilitating efficient and effective management of the corporation by requiring them to follow formal procedures when making important decisions or taking certain actions;Promoting honesty, accountability in management by imposing upon directors certain duties, responsibilities and parameters in recognition of their position; andEncouraging application of core values that a corporation wishes defines for itself.Why has improved Corporate

Overview Of The Recent Financial Crisis In The Us

1705 words - 7 pages out. According to (Sun, et al., 2011), the roots of the crisis have been identified to be in the preference for deregulating financial institutions and markets, which resulted in the prompt growth of securitization. Financial engineering allowed a great burst of global derivatives setting the context in which major financial institutions thoughtlessly disregarded risk management and corporate governance. In this context, the rating agencies such as

Corporate Governance Essay

965 words - 4 pages Performance •     Passion The board as a whole should possess the following core competencies, with each member contributing knowledge, experience and skills in one or more domains. •     Accounting and Finance •     Business Judgment •     Management •     Crisis Response •     Industry Knowledge •     International Markets •     Strategy & Vision Companies are becoming more involved with corporate governance and they are

Corporate Governance In Annual Reports. Includes Shell, Ahold, Philips And The New Cg Rules In The Netherlands (Commission Tabaksblat)

4873 words - 19 pages which describes the ways in which rights and responsibilities are shared between the various company stakeholders especially the management and the shareholders. Typical corporate governance measures include appointing non-executive directors, placing constraints on management power and ownership concentration, as well as ensuring proper disclosure of financial information and executive compensation.The evolution of public ownership, in other words