Corporate Governance & Corporate Social Responsibility an der Hochschule Fulda | Karteikarten & Zusammenfassungen

Lernmaterialien für Corporate Governance & Corporate Social Responsibility an der Hochschule Fulda

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen Corporate Governance & Corporate Social Responsibility Kurs an der Hochschule Fulda zu.

TESTE DEIN WISSEN
2. What kind of problems arise if companies pay no respect to Corporate Governance and in which relation do they stand to each other? (Consequences of scandals)
Lösung anzeigen
TESTE DEIN WISSEN
Owners are affected by a declining company value. The loss of invested money is possible
Manager employees are affected by a possible career cut (missing opportunities for development, missing salary increase) up to the danger of job loss due to cost cuttings or an insolvency
Customers doubt the quality and the long term availability of products
Suppliers face the danger of the company’s inability to pay delivered goods, insolvency up to the loss of market partners
Lösung ausblenden
TESTE DEIN WISSEN
4. What does the term mean?

Definition of Corporate Governance

Lösung anzeigen
TESTE DEIN WISSEN

“Corporate Governance is a framework of rules and practices to ensure accountability, fairness, trust, transparency and responsibility of the company towards all stakeholders to meet their demands.”

Meet or achieve legal requirements
Secure financial performance
Lösung ausblenden
TESTE DEIN WISSEN
Which are the three components of the corporate governance framework ?
Lösung anzeigen
TESTE DEIN WISSEN

The corporate governance framework consists of

(1) explicit and implicit contracts between the company and the stakeholders for distribution of responsibilities, rights, and rewards

(2) procedures for recognizing conflicting interests of stakeholders in accordance with their duties, privileges, and roles, and regulation role of supervisory board

(3) procedures for proper supervision, control, and information – flows to serve as a system of checks-and-balances

Lösung ausblenden
TESTE DEIN WISSEN
5. Why don’t we have a commonly accepted definition of Corporate Governance (yet)?
Lösung anzeigen
TESTE DEIN WISSEN
 Different perspectives need to be included 
- corporate Governance is young as a strategy and in a development phase
There is no direct definition, term has developed over time and definitions change due to different perspectives(OperationalFinancialStakeholderSocietal)
Lösung ausblenden
TESTE DEIN WISSEN
What is the overall goal of Corporate Governance?
Lösung anzeigen
TESTE DEIN WISSEN
To secure the right behavior of the company and its members so the company is successful and trustworthy. 
All Codes of GC want to create transparency, accountability and increase confidence
Lösung ausblenden
TESTE DEIN WISSEN
6. Which perspectives on Corporate Governance do you know?
Lösung anzeigen
TESTE DEIN WISSEN
Operational
Financial
Relationship
Operational
Stakeholder
Societal
Lösung ausblenden
TESTE DEIN WISSEN
Operational Perspective 
Lösung anzeigen
TESTE DEIN WISSEN

Operational Perspective:

CG seen as a system by which companies are directed and controlled
- close to the management definition: direction and control seen as a system
Boards of Directors are responsible for the governance of their companies 
Shareholders role in governance is to appoint the directors and the auditors
Lösung ausblenden
TESTE DEIN WISSEN
Financial Perspective:
Lösung anzeigen
TESTE DEIN WISSEN
CG deals with the way suppliers of finance assure themselves of getting a return on their investment (ROI, invested money I secure and shares are growing)
Lösung ausblenden
TESTE DEIN WISSEN
Relationship Perspective:
Lösung anzeigen
TESTE DEIN WISSEN
distribution of rights and responsibilities among the participants in the organisation 
– lays down the rules and procedures for decision making
Relationship among the shareholders, directors and management of a company, described by the corporate charta, by-laws, formal policy, and rule of law
Corporate Governance involves the relationship among various participants, including the CEO, management, shareholders, and employees, in determining the direction and performance of the corporation
Lösung ausblenden
TESTE DEIN WISSEN
Stakeholder Perspective:
Lösung anzeigen
TESTE DEIN WISSEN
CG is about the activities of the board and its relationship with the shareholders and members, and with those managing and working in the enterprise, as well as with the external auditors, regulators, and other legitimate stakeholders (e.g. suppliers, customers)
CG is the process by which corporations are made responsive to the rights and wishes of stakeholders
Lösung ausblenden
TESTE DEIN WISSEN
Societal Perspective:
Lösung anzeigen
TESTE DEIN WISSEN
Concerned with holding the balance between economic and social goals and between individual and communal goals
The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources
The aim is to align as nearly as possible the interests of individual, corporation and society
Lösung ausblenden
TESTE DEIN WISSEN
1. What are the drivers of Corporate Governance?
Lösung anzeigen
TESTE DEIN WISSEN

Globalisation of Capital Demand 

Variety of big, multinational enterprises using global sales and procurement markets
Growing demand for national and international investors
Growing relevance of institutional investors


Changes in decisional and ownership structures

Separation of ownership and decision (Owner & Manager) 
Newly emerged enterprises (e.g. privatisation) 


Own Dynamic

Spread of national diffuse regulations 


Risks

Strategic Risk (misjudgement of the maturity level of new technologies, new markets, and competitors)
Management Risks (self-interest of managers, lack of capacity)
Operative Risks (IT- failure, shortage of staff, losses due to fire etc.)
Lösung ausblenden
  • 24082 Karteikarten
  • 783 Studierende
  • 7 Lernmaterialien

Beispielhafte Karteikarten für deinen Corporate Governance & Corporate Social Responsibility Kurs an der Hochschule Fulda - von Kommilitonen auf StudySmarter erstellt!

Q:
2. What kind of problems arise if companies pay no respect to Corporate Governance and in which relation do they stand to each other? (Consequences of scandals)
A:
Owners are affected by a declining company value. The loss of invested money is possible
Manager employees are affected by a possible career cut (missing opportunities for development, missing salary increase) up to the danger of job loss due to cost cuttings or an insolvency
Customers doubt the quality and the long term availability of products
Suppliers face the danger of the company’s inability to pay delivered goods, insolvency up to the loss of market partners
Q:
4. What does the term mean?

Definition of Corporate Governance

A:

“Corporate Governance is a framework of rules and practices to ensure accountability, fairness, trust, transparency and responsibility of the company towards all stakeholders to meet their demands.”

Meet or achieve legal requirements
Secure financial performance
Q:
Which are the three components of the corporate governance framework ?
A:

The corporate governance framework consists of

(1) explicit and implicit contracts between the company and the stakeholders for distribution of responsibilities, rights, and rewards

(2) procedures for recognizing conflicting interests of stakeholders in accordance with their duties, privileges, and roles, and regulation role of supervisory board

(3) procedures for proper supervision, control, and information – flows to serve as a system of checks-and-balances

Q:
5. Why don’t we have a commonly accepted definition of Corporate Governance (yet)?
A:
 Different perspectives need to be included 
- corporate Governance is young as a strategy and in a development phase
There is no direct definition, term has developed over time and definitions change due to different perspectives(OperationalFinancialStakeholderSocietal)
Q:
What is the overall goal of Corporate Governance?
A:
To secure the right behavior of the company and its members so the company is successful and trustworthy. 
All Codes of GC want to create transparency, accountability and increase confidence
Mehr Karteikarten anzeigen
Q:
6. Which perspectives on Corporate Governance do you know?
A:
Operational
Financial
Relationship
Operational
Stakeholder
Societal
Q:
Operational Perspective 
A:

Operational Perspective:

CG seen as a system by which companies are directed and controlled
- close to the management definition: direction and control seen as a system
Boards of Directors are responsible for the governance of their companies 
Shareholders role in governance is to appoint the directors and the auditors
Q:
Financial Perspective:
A:
CG deals with the way suppliers of finance assure themselves of getting a return on their investment (ROI, invested money I secure and shares are growing)
Q:
Relationship Perspective:
A:
distribution of rights and responsibilities among the participants in the organisation 
– lays down the rules and procedures for decision making
Relationship among the shareholders, directors and management of a company, described by the corporate charta, by-laws, formal policy, and rule of law
Corporate Governance involves the relationship among various participants, including the CEO, management, shareholders, and employees, in determining the direction and performance of the corporation
Q:
Stakeholder Perspective:
A:
CG is about the activities of the board and its relationship with the shareholders and members, and with those managing and working in the enterprise, as well as with the external auditors, regulators, and other legitimate stakeholders (e.g. suppliers, customers)
CG is the process by which corporations are made responsive to the rights and wishes of stakeholders
Q:
Societal Perspective:
A:
Concerned with holding the balance between economic and social goals and between individual and communal goals
The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources
The aim is to align as nearly as possible the interests of individual, corporation and society
Q:
1. What are the drivers of Corporate Governance?
A:

Globalisation of Capital Demand 

Variety of big, multinational enterprises using global sales and procurement markets
Growing demand for national and international investors
Growing relevance of institutional investors


Changes in decisional and ownership structures

Separation of ownership and decision (Owner & Manager) 
Newly emerged enterprises (e.g. privatisation) 


Own Dynamic

Spread of national diffuse regulations 


Risks

Strategic Risk (misjudgement of the maturity level of new technologies, new markets, and competitors)
Management Risks (self-interest of managers, lack of capacity)
Operative Risks (IT- failure, shortage of staff, losses due to fire etc.)
Corporate Governance & Corporate Social Responsibility

Erstelle und finde Lernmaterialien auf StudySmarter.

Greife kostenlos auf tausende geteilte Karteikarten, Zusammenfassungen, Altklausuren und mehr zu.

Jetzt loslegen

Das sind die beliebtesten StudySmarter Kurse für deinen Studiengang Corporate Governance & Corporate Social Responsibility an der Hochschule Fulda

Für deinen Studiengang Corporate Governance & Corporate Social Responsibility an der Hochschule Fulda gibt es bereits viele Kurse, die von deinen Kommilitonen auf StudySmarter erstellt wurden. Karteikarten, Zusammenfassungen, Altklausuren, Übungsaufgaben und mehr warten auf dich!

Das sind die beliebtesten Corporate Governance & Corporate Social Responsibility Kurse im gesamten StudySmarter Universum

Corporate Governance

Universität Duisburg-Essen

Zum Kurs
Corporate Governance

Fachhochschule Kiel

Zum Kurs
Corporate Governance

IUBH Internationale Hochschule

Zum Kurs
Corporate social Responsibility

IST-Hochschule für Management

Zum Kurs
Good Governance and Social Responsibility

Holy Angel University

Zum Kurs

Die all-in-one Lernapp für Studierende

Greife auf Millionen geteilter Lernmaterialien der StudySmarter Community zu
Kostenlos anmelden Corporate Governance & Corporate Social Responsibility
Erstelle Karteikarten und Zusammenfassungen mit den StudySmarter Tools
Kostenlos loslegen Corporate Governance & Corporate Social Responsibility