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

Mc Bride Financial Services Problem Solution Essay

4457 words - 18 pages

Problem Solution: McBride Financial Services PAGE \* MERGEFORMAT 7
Running head: PROBLEM SOLUTION: MCBRIDE FINANCIAL SERVICESProblem Solution: McBride Financial ServicesProblem Solution: McBride Financial ServicesCorporations such as Enron, WorldCom and Tyco forced Congress to enact the Sarbanes-Oxley Act (SOX) because of mismanagement and fraud. This new law requires financial reporting and disclosure within corporate governance. McBride Financial Services, Inc. (MFSI) is a start-up regional "One-Stop Mortgage Provider", headquartered in Boise, Idaho. The company is controlled by the chief executive officer, Hugh McBride. Accordingly, Chew and Gillan (2004, p. 284) state, "The role of top management is no longer just control and coordination; it is anticipating, leading, and managing change-and articulating the rationale for such change to employees as well as to securities analysts." McBride needs to accept the board of directors as an independent oversight committee, instead he wants the board to follow his lead, displaying lack of corporate governance, (University of Phoenix, 2010). To meet the expectation of investors, the company needs to develop a corporate governance and find solutions that will address any issues of noncompliance that could hurt their reputation. To create the best practices in corporate governance, In this paper I will address the issues and opportunities, stakeholder perspectives and ethical dilemmas, problem statement, end-state vision, alternative solutions and analysis, risk assessment and mitigation techniques, optimal solution, implementation plan, and evaluation of results.Situation AnalysisIssue and Opportunity IdentificationMFSI specializes in conventional, FHA, and VA loans for home purchasing and refinancing, offering mortgages to homebuyers, specializing in first time buyers and problem credit clients. The company wants to be the preeminent provider of low cost mortgage services using state-of-the-art technology to let the customers sell themselves on the mortgages they want. The company intends to expand its operations into Wyoming, Montana, North Dakota and South Dakota (University of Phoenix, 2010). MFSI has partnered with Beltway Investments (Beltway) as the majority ownership investor. Beltway encourages the use of "best practices" in corporate governance and "will rely on recommendation made by Institutional Shareholder Services for any significant proxy votes" (University of Phoenix, 2010).One issue for MFSI is the shift in corporate power from the president and Chief Executive Officer (CEO) to other stakeholders. Hugh McBride writes in an e-mail to Betty and Beth that he does not plan on allowing the money men to dictate how he will run the company. He does not see the potential corporate governance can have on the company, (Lunday, 2010). Beltway Investments wants McBride to use best practices in corporate governance but McBride does not want the board of directors interfering. MFSI has the...

Find Another Essay On McBride Financial Services Problem Solution

McBride Financial Services Governance Evaluation Essay

2139 words - 9 pages Problem Solution: McBride Financial Services PAGE \* MERGEFORMAT 1 Running head: MCBRIDE FINANCIAL SERVICES GOVERNANCE EVALUATIONMcBride Financial Services Governance EvaluationUniversity of PhoenixMcBride Financial Services Governance EvaluationSince 1980, corporate governance has seen a radical transformation. Before this time, public corporations were self-centered in their desire for growth, without consideration for the shareholders

McBride Financial Services Security Policy Essay

672 words - 3 pages University of Phoenix OnlineJune 15, 2009McBride Financial Services Security PolicyEstablishing a security policy is the starting point in designing a secure computer network. It is essential that a set of minimum security requirements be gathered, formalized, and included as the basis of McBride Financial Services security policy. Security policy addresses constraints on functions and flow among them, constraints on access by external systems

Software Maintenance Plan

1259 words - 5 pages PAGE PAGE 4 Software Maintenance Plan Software Maintenance Plan - McBride Financial ServicesUniversity of PhoenixPOS/370AbstractPer Service Request, SR-mf-004, McBride Financial Services has requested a software maintenance and change control plan be developed. This plan is in anticipation of new software developments within the organization. Currently all software support for McBride Financial is outsourced to Smith Systems


2362 words - 9 pages mortgages to McBride's target clients of professionals, families, and retirees. State-of-the art technology will drive reduced costs by providing effective and efficient application processing within the five-state area that McBride serves.McBride Financial Services has solicited a proposal for a software solution from Smith Systems Consulting that encompasses functions from in-office mortgage application kiosks to a secure and efficient intranet to a

McBride Marketing Plan

991 words - 4 pages McBride Financial Services wants to be the "Preeminent provider of low cost mortgage services using state-of-the-art technology in the five state area of Idaho, Montana, Wyoming, North Dakota, and South Dakota" (Apollo Group, Inc., 2004). However, in order for them to do this they will need to have a sufficient Marketing Plan in place. The company plans on achieving financial break-even within six months of commencing their operations and

McBride Financial LAN Boise Location

2024 words - 8 pages network. This document details the network requirements necessary to meet the demands, goals, and expectations for McBride Financial Services.McBride Financial Services - Boise Office Network Requirements DocumentBefore a company can begin offering services or selling products to the general public, a network infrastructure must be set up to support the daily business activities of the company. A lot must be considered when designing a network

Constitutional Rights Paper

1456 words - 6 pages Constitutional Rights Paper PAGE 1 AbstractThis paper will focus on McBride Financial Services. It will "identify two constitutional rights (e.g., privacy, free speech, due process, search and seizure) that could have an impact on an employee" within the organization (Augenstein). It will then analyze "the impact of the Constitutional rights" on both the business and the employee (Augenstein). What is right for the business may not be right

McBride Governance Evaluation

2286 words - 9 pages McBride Financial Services PAGE 1 Running head: MCBRIDE FINANCIAL SERVICES GOVERNANCE EVALUATIONMcBride Financial Services Governance EvaluationUniversity of PhoenixMcBride Financial Services Governance EvaluationThis paper evaluates the case of McBride Financial Services, Inc. (MFSI), evaluating the problems in corporate governance leading to the scandals in the early 21st century. Also the influence of the governance rating industry on

Privacy Rights for Public Employees

1018 words - 4 pages Financial Services operates, there are no state employment laws or regulations which govern or even address employee privacy rights, leaving the interpretation of employee civil rights in the hands of private business owners.As a mortgage broker handling sensitive personal information such as credit reports, income, and social security numbers to name a few, McBride Financial Services has a responsibility to its clients to maintain confidentiality. Does

Controlling Access

1588 words - 6 pages protocol application such as LDAP directories will not be sufficient for this particular task (Thexton,Shah,Gaur, 2011).McBride Financial Services with management control from the consulting firm will be required to employ a platform in which the identities are incorporated to oversee potential risks, safeguard information assets, and to increase productivity.The solution should include four key components:A provisioning platformA role management

Transparency in Corporate Governance

1428 words - 6 pages , developing clearly outlined information on the roles of the CEO and board of directors is part of the transparency philosophy that can impact any organization. McBride Financial Services must develop and implement a corporate governance system that will not only satisfy the organizational objectives, but also the stakeholders as well.In order for Hugh McBride, the CEO of McBride Financial Services, to alleviate potential problems a well thought

Similar Essays

Problem Solution: Mcbride Financial Services Essay

2484 words - 10 pages order for the problem statement to be fulfilled, McBride needs to make sure that they comply and be update with corporate governanceSituation AnalysisIssue and Opportunity IdentificationMcBride Financial Services is trying to be the preeminent provider of low cost mortgage services using state of the art technology. To achieve this goal, McBride has to offer the most efficient and effective processing of mortgage applications to customers who in

Mc Bride Financial Problem Solution Essay

3870 words - 15 pages Problem Solution: McBride Financial Services PAGE \* MERGEFORMAT 1 Running head: PROBLEM SOLUTION: MCBRIDE FINANCIAL SERVICESProblem Solution: McBride Financial ServicesTerri GilbertUniversity of PhoenixProblem Solution: McBride Financial ServicesThe mismanagement and fraud created by corporations like Enron, WorldCom and Tyco forced Congress to enact the Sarbanes-Oxley Act (SOX). The law requires corporate governance includes financial

Mc Bride Financial Services Essay

938 words - 4 pages Mr. Hugh McBride started McBride Financial Services with the thought in mind of specializing in one stop shopping for first-time buyers and problem credit clients. McBride Financial Services decided to open its home office in Boise Idaho which is a first for that region; the offices will also have kiosk where the client will be able to serves themselves. This approach is a first of its kind in this region, which gives Mr. McBride a great head

Marketing Plan: Mc Bride Financial Services Essay

1020 words - 4 pages standardization and review of the proposed marketing plan for McBride Financial Services, the company will benefit in both productivity and financially. This paper will discuss the current problems associated with McBride Financial Services' marketing plan, as well as possible solutions to those problems in the areas of research, media, target markets, and the internet.History of McBride Financial ServicesMcBride Financial Services was first