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Corporate Governance Benchmarking Paper

6684 words - 27 pages

PAGE PAGE 5 Corporate Governance Benchmarking
Running Head: CORPORATE GOVERNANCE BENCHMARKING PAPERCorporate Governance Benchmarking PaperTeam ABryan Baker, Philip DeCarlo,Catherine Dickeson, and Karen SuggsMMPBL/570Corporate GovernanceUniversity of PhoenixProfessor Luoma21 June 2010Corporate Governance ResearchCorporate Governance is the way an organization keeps track of the investors in its company and keeps them safe. The system creates checks and balance protocols that are put in place by the organization as a safeguard against unethical activities. The focus of this paper covers the benchmarking of organizations that have faced the same issues identified within McBride. McBride is an online, financial, mortgage lender. Each organization chosen will focus on how the companies responded to the issue and the outcome of that response. Eight companies will be benchmarked and corporate governance factors analyzed within the company. An analysis that synthesis the key findings will be identified along with a compare and contrast section for the practices of each company as they relate to the concepts.The American International Group, Inc. (AIG) was benchmarked for government oversight. AIG and numerous other financial institutions were declared "Too Big to Fail" and were provided government bailouts as part of the Emergency Economic Stabilization Act of 2008 (House Financial Services Committee, 2008). Was this a wise decision and did AIG fail or survive? The Chrysler Group LLC was benchmarked for the governmental oversight. In 1979 The Chrysler Corporation was on the verge of bankruptcy. The government came in to rescue the third largest US auto manufacture by lending them $800million. Chrysler agreed to the government's terms and accepted bailout funds (Bloomberg Business Week, 2010). Did Chrysler meet the Governments financially viable requirement?Tyco International was benchmarked for their ethical culture in the organization, executive and supervisory leadership. Chief Executive Officer Kozlowski took over Tyco International in 1992. Kozlowski showed little ethical executive leadership and had little ethical concern with regard to how his actions would affect the company. How did the company handle this behavior? Did the organization suffer as a result? Pfizer has been benchmarked for the topic of internal controls. Pfizer took a huge loss in 2007 when the companies former finance executive accused the company of hiring detectives to pay bribes, use corporate spies, and pay off competitor's employees to leak confidential information. Who and what is the Pfizer organization? What were the internal controls that were in place when this deceit happened?The football organization was benchmarked for the concept of the whistle blower. The league was established to dodge taxes, hide the candid state of the owners financial matters from supporters and creditors until the money is gone. The tax dodging is done by unscrupulous individuals and...

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