That this case has emerged internally gives us an opportunity to ensure that situations like this do not arise out of our control, i.e. discovered by a customer. We have the opportunity to built our compliance and audit procedures from scratch, so that the level of oversight these departments have on the firm's operations is complete, and insulates the firm against further risk. An investigation should be conducted into past auditing and compliance practices so we can know precisely where the failures occurred and this information will help us to correct those practices in the future.
The third recommendation is that the Board gives consideration to upgrading the bookkeeping system. It is clear that manual updates are unreliable and that reliance on them puts the company at risk. We know this now, on the basis of the preliminary investigation, so this is something that we can deal with now. The…...

January 21, 2011 -- All contracts must be signed and returned by this date.

January 21-Feb 1 -- interview caterers, hotels, limo services to make certain that they are appropriate. Visit all vendors and sites.

February 1-4, 2011 - book all hotel, limo and catering reservations. Pay all deposits necessary.

February 7-11, 2011 -- Find backup caterer and limo service in case of problems

May 2-6, 2011 -- meet with caterer, choose menu, make final arrangements.

Meet with limo service to make final arrangements

May 9-13, 2011 -- Meet with Hilton Docklands iverside to make final arrangements for services.

June 15, 2011 -- Call all vendors and confirm final arrangements

July 12-14, 2011 -- Main Event as per Itinerary. It might be noted that all equipment needed will be provided by the hotel. In addition, they have secretarial staff available as part of the meeting room rental. The catering vendor supplies all eating utensils, linens, etc. Set up…...

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References

Bel Canto French Restaurant, London UK. 2010. Retrieved 8 January 2011 from  http://www.lebelcanto.co.uk/ 

Hilton London Docklands Riverside. Retrieved 8 January 2011 from  http://www.meetings-conventions.com/Meeting-Facilities/London/Convention-Hotel/Hilton-London-Docklands-Riverside-p2178883 

Hubbub Catering. Retrieved 8 January 2011 from http://www.hubbubcatering.co.uk/menus.php?v=8

UK Limo Service. Retrieved 8 January 2011 from  http://www.uklimoservice.com/heathrowtransfer.html

role that the Board of Directors should play in IT governance.
The Board of Directors will have the ultimate responsibility for IT policies within a company. It is the board of directors that determine IT policies will be put into place, and will be responsible for accurately communicating those. The model also be responsible for keeping up-to-date with developments, as well as the determination and monitoring of investments and IT costs. Major aspects of IT within the organization should also be reported to the board, including reports on major projects which will be reviewed by the board to ensure that is suitable support available in terms of both resources and infrastructure

(SO 3, 5) Two feasibility studies occur during the SDLC: one during systems planning, and one during systems design. Describe the differences between these two feasibility studies.

The feasibility study which is undertaken in systems design phase will contain more detail,…...

Change: Macy's Inc.
The Board of Directors Macy's Inc.

Re: Report for recommendations

Team Leader

Change Management Macy's Inc.

The usage of technology as a source of expediting business processes, reducing cost, and shortening lead time to market products is widely appreciated in the business world. It is also observed that technology offers various solutions to a business process in order to achieve its desired results. The organizations also compete on the basis of their competitiveness and increase productivity after deployment of innovative technology solutions. The business productivity and employee performance enhancement through various technological solutions can only be achieved through a detailed scenario investigation and deriving a solution that is technically and operationally viable.

The business solution proposed for the organization includes implementing technology oriented solution to reduce their operational cost and increase products availability. The business is a retail stores chain with various branches across the country. The storage of stocks and replacement…...

In contrast, within the firm, the entrepreneur directs production and coordinates without intervention of a price mechanism; but, if production is regulated by price movements, production could be carried on without any organization at all, well might we ask, why is there any organization?" (Coase, 1937, p. 387) In simpler words if markets are so efficient why do firms exist? Coase explains, "the operation of a market costs something [such as the costs of negotiating and concluding a separate contract for each exchange transaction] and by forming an organization and allowing some authority (an "entrepreneur") to direct the resources, certain marketing costs are saved" (Coase, 1937, p. 391). Thus, firms actually present greater efficiency over markets by decreasing such costs.
That being said, if firms are so efficient, why are markets needed? (Coase, 1937). As per Coase, as the firm grows (when the entrepreneur processes additional transactions), decreasing returns to…...

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Reference List

Adams, R.B. And Ferreira, D. (2003) Diversity and Incentives in Teams: Evidence from Corporate Boards.  http://ssrn.com/abstract=321095 

Agrawal, A. And Knoeber C.R. (1996) Firm Performance and Mechanisms to Control Agency Problems Between Managers and Shareholders Journal of Financial and Quantitative Analysis 31, 377-398.

American Management Associations (AMA) (1981) The Advisory Board Minutes of the National Association of Corporate Directors Meeting. New York (Headquarter)

Bauer, R., Guenster, N. And Otten, R. (2003) Empirical Evidence on Corporate Governance in Europe. The Effect on Stock Returns, Firm Value and Performance. EFMA Basel Meeting Paper  http://ssrn.com/abstract=445543

One other new thing brought to the attention of companies by the Sarbanes-Oxley Act is the fact that, under this law, every public company is supposed to prove strong internal systems designed to catch an employee intending to commit fraud or flag accounting errors before a company has the opportunity to make its profits official. An addendum to this rule is the obligation of a company knowing about problems with its control systems to disclose what it has uncovered. This obligation generated what an author called the "current flood of mea culpas."

As mentioned above, many companies have faced serious difficulties during the last few years. Companies conducting their activity in Silicon Valley, for instance, such as Versant, Portal Software and Sipex, have acknowledged that they have encountered problems such as not having experienced accounting staff, lacking checks and balances in the case of employees handling corporate cash and the inability…...

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Reference:

1.Wells Susanm J., Educating the Boardm, HRMagazine, Alexandria: Feb 2005.Vol.50, Iss. 2; pg. 46

2.Shean, Tom. Board member duties take on real meaning after Sarbanes-Oxley Knight Ridder Tribune Business News. Washington: Dec 14, 2004.

3.Raber, Roger W., What Has Really Changed in the American Boardroom?, Community Banker. Washington: Oct 2004.Vol.13, Iss. 10; pg. 60

4. Lohse, Deborah, New anti-fraud rules causing upheaval among Silicon Valley companies, Knight Ridder Tribune Business News. Washington: Mar 4, 2005.

oles of Directors and Duties of an Audit Committee
The Board of Directors is an organization's or company's governing body that is mandated with the task of ratifying all major decisions. Generally, the Board of Directors handles all issues of major strategic importance to an organization or company. This implies that the Board of Directors needs to be involved, engaged, and supportive in all issues of strategic importance, especially with regards to governance. However, the board comprises of directors who can play a number of several important roles as board members. In contrast, audit committees play a significant role in improving audit quality since these bodies play a crucial role in oversight and monitoring management. This paper examines the important performance-centered roles that directors may play within a board and the significant duties of an audit committee with regards to organizational governance.

Performance-oriented oles that Directors May Play within a Board

As previously…...

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References

Arnwine, D.L 2002, "Effective Governance: The Roles and Responsibilities of Board Members,"

Baylor University Medical Center Proceedings, vol. 15, no. 1, pp.19-22.

AVC 2012, The Board of Directors: Role and Responsibilities, AVC, viewed 26 September

2015,

This inexperience and youthfulness, according to these researchers and theorists, led to an overall drop in stock prices for the firms affected by this law as investors became wary about the direction of the firm (Ahern & Dittmar, 2012). This research was specifically concerned with the perception of firm performance on the part of investors, however, and not with actual measures of firm performance from within the companies themselves, which means it does not actually provide useful information regarding the direct impact of board diversity on performance, though it does suggest a potential problem in maintaining confidence (Ahern & Dittmar, 2012).
More performance-oriented research conducted in the United States during the 1990s, however, found that firm diversity does appear to have a direct correlation with actual firm performance, at least when measured on a strictly financial basis (Erhardt et al., 2003). This research performed a strictly quantitative analysis on over…...

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References

Ahern, K. & Dittmar, a. (2012). The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation. The Quarterly Journal of Economics 127(1): 137-97.

Erhardt, N., Werbel, J. & Shrader, C. (2003). Board of Director Diversity and Firm Financial Performance. Corporate Governance 11(2): 102-11.

Miller, T. & Triana, M. (2009). Demographic Diversity in the Boardroom: Mediators of the Board Diversity -- Firm Performance Relationship. Journal of Management Studies 46(5): 755-86.

Nygaard, K. (2011). Forced Board Changes: Evidence from Norway. NHH Dept. Of Economics Discussion Paper No. 5/2011.

Australian Corporate Directors
The four step process of understanding business law is very helpful in arriving at some important conclusions about the case of Coco Ltd. And its recent accident. The four step process suggests provides a manner in which this problem can be properly understood and the correct actions may be implemented to prevent further problems. This part of the essay will advise the directors of Coco Ltd. Of their current problems.

Identify the Legal Issue

Before delving into the legal issues of this case it is important to understand the behaviour of Mr. Hugo, a director here at Coco Ltd.. Hugo, in a recent purchase from his in laws' Brett and Sandra cocoa plantation a disastrous terrorist event took place. During the transportation of nearly boat load of cocoa, the ship was attacked and sunk by terrorist pirates disguised as American Navy Forces. The ship was sunk with a missile and…...

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References

Australian Securities and Investment Commission (2008). Information Sheet 42, Insolvency: a guide for directors. Australian Securities and Investment Commission December 2008. Retrieved from   ors.pdf/$file/Insolvency_guide_for_directors.pdfhttp://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Insolvency_guide_for_direct 

The Commonwealth of Australia. Corporations Act 2001. Retrieved from  http://www.comlaw.gov.au/Series/C2004A00818 

The Council on Australian Governments (2012). Personal Liability for Corporate Fault: Guidelines for applying COAG principles. CAG 23 July 2012. Retrieved from  http://www.coag.gov.au/node/434 

Lucy, J. (2006). Directors' Responsibilities: The reality vs. The myths. American Institute of Company Directors, 17 Aug 2006. Retrieved from   ugust2006.pdf/$file/Directors_responsibilities_August2006.pdfhttp://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Directors_responsibilities_A 

Duties
The directors of a corporation are, essentially, the representatives of the shareholders in the administration of the company. They are charged with the task of administering the corporation in such a way that preserves the assets of the shareholders, and that they receive a good return on their investments. As such, the Board of Directors is the "highest governing authority within the management structure at any publicly traded company" (Kennon, 2012).

Among the tasks that the directors perform that help them in their role are the following: to select the Chief Executive Officer and set the CEO pay; evaluate the attractiveness of and to authorize dividends; recommend stock splits and share repurchase programs; approve the company's financial statements and give advice on mergers and acquisitions (Kennon, 2012). The Board often works with the CEO on some of these issues, such as dividends and M&A activity, but the Board is also responsible…...

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Works Cited:

Kennon, J. (2012). The board of directors. About.com. Retrieved November 8, 2012 from  http://beginnersinvest.about.com/cs/a/aa2203a.htm 

SEC.gov. (2002). SEC prepares to implement Sarbanes-Oxley Act requirement for CEO and CFO certification of SEC filings. Securities and Exchange Commission Retrieved November 8, 2012 from  http://www.sec.gov/news/press/2002-119.htm

Introduction
Negotiation, understanding of the other member’s view and role are important ingredients to embrace, if the relationship between the CEO and the board is to succeed (Murden, 2012). It must be noted that both the Chief Executive Officer and the board are charged with separate and distinct roles. Nevertheless, they must work in liaison so as to achieve the goals of the organization. Clarification of roles is important in ensuring that the CEO and the board work in tandem. The board is intended to govern, to oversee managerial trends and opportunism. The board is focused on ensuring that the CEO works in the best interest of the members (Murden, 2012. The CEO, must serve the board, among other stakeholders, effectively. The board is charged with choosing the CEO and helping them to choose their management team (Murden, 2012). The board is, ideally, the employer of the CEO. The CEO is…...

NONPOFIT BOAD GOVENANCENonprofit Board Governance and Organizational SuccessBoard governance in nonprofit settings could be conceptualized in terms of the provision of strategic direction as well as leadership to a nonprofit entity. More specifically, Laughlin and Andringa (2007) are categorical that board governance in this case has got to do with the combination of systems, guidelines, and processes used to make decisions, hold decision makers accountable, and take action (74). From the onset, it would be prudent to note that the relevance of effective board governance cannot be overstated when it comes to organizational success in the nonprofit realm. This is more so the case when it comes to meeting the mission of the organization, sufficiently addressing the specific client needs, and sharing outcomes with funders.Meeting the mission of the organizationAccording to Cornforth and Brown (2013), ensuring that a nonprofit entity pursues and meets its mission goals happens to be one…...

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ReferencesCornforth, C. & Brown, W.A. (2013). Nonprofit Governance: Innovative Perspectives and Approaches. Routledge. Hopkins, B.R. & Gross, V.C. (2009). Nonprofit Governance: Law, Practices, and Trends. John Wiley & Sons. Ingram, R.T. (2009). Ten Basic Responsibilities of Nonprofit Boards. BoardSource. Laughlin, F.L. & Andringa, R.C. (2007). Good Governance for Nonprofits: Developing Principles and Policies for an Effective Board. AMACOM. Pointer, D.D. & Orlikoff, J.E. (2015). The High-Performance Board: Principles of Nonprofit Organization Governance. John Wiley & Sons.

Performance Management The governance of a corporation is the role of the board of directors and the management has the duty of running the firm on a day to day basis. The board, therefore, oversees the management and ensures the interests of the various shareholders are upheld. The executive department is made up of the top level managers and they are required to work as a team so as to deliver on the company goals. According to Wash (2002), management can only be successful in their work if they have clearly defined work description. CEO or company president is a vital position towards the success of any firm as they must take up the leadership mantle, work closely with the top-management, and ensure clear organizational mission, vision, and operational goals.
As a result of clarity in work description and the responsibilities of members of the board, the Innovations Theater has been successful…...

Obstacles in the Governance of Organizations: Responsibility Delineation
Governance and Management

The concepts of governance and management found in the field of management opens up to the way organizations run. The two concepts explain the running of corporations and establishing contacts with all the necessary fields needed. In most cases, people have utilized either of the two techniques depending on the target result. The role of management delves to establish links with the needed within its scope of control. The two terminologies differ on how to bring the understanding of leadership in every organization. A mention of the term governance resonate the aspects of structures and processes. On the other hand, management relents to the creation of structures and processes that governance seeks to protect and maintain. To effect changes in leadership ranks, one has to witness the better part of the program with dealing with them. As part of this paper,…...

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Bibliography

Altenburg, R 2011, The determinants of roles and responsibilities of boards of directors in subsidiary companies, GRIN Verlag, Munich

Apple Press Info 2011, Apple Names Arthur D. Levinson Chairman of the Board. Available from  https://www.apple.com/pr/library/2011/11/15en-U.S.-Apple-Names-Arthur-D-Levinson-Chairman-of-the-Board.html 

Dalkir, K 2013, Knowledge Management in Theory and Practice, Routledge, New York

Frey, T 2014, Governance Arrangements for IT Project Portfolio Management: Qualitative Insights and a Quantitative Modeling Approach, Springer, New York

Davis v. The Boad of County Commissiones of Dona Ana County:
Maiah C. Davis filed a lawsuit against Dona Ana County fo injuies he suffeed while a patient at Mesilla Valley Hospital. In the lawsuit, Davis accused Joe Heea, an employee at the hospital, of sexually assaulting he. Futhemoe, she alleged that the hospital hied Heea on incompetent, favoable suggestions fom Dana Ana County Detention Cente whee he was also investigated fo allegation of sexually haassing female inmates. Accoding to the epot by the Detention Cente's diecto, Heea was accused of making statements with sexual ovetones, expessing his desie fo sex, and obtaining sexual favos fom inmates. Some of the efeences made in the epot include ponogaphic video and condoms found in his office as well as being in possession of undewea belonging to a juvenile. As a matte of fist impession, the New Mexico Cout of Appeals which detemined the…...

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referencesarticle.pdf

Ziegler, J.K. (2000). Employment Law -- An Employer's Duty to Third Parties When Giving

Employment. Recommendations -- Davis v. Board of County Commissioners of Dona Ana County. New Mexico Law Review, 30(2), 307-323. Retrieved from http://lawlibrary.unm.edu/nmlr/30/2/06_ziegler_employment.pdf

I. Introduction:
Hook: Begin with a compelling statistic or anecdote that highlights the importance of governance in care homes.
Thesis statement: State the purpose of the essay, which is to outline the list of internal governance procedures in a care home in England.

II. Legislative Framework and Regulatory Requirements:
Provide an overview of relevant legislation and regulations governing internal governance in care homes in England, such as the Health and Social Care Act 2008, Care Quality Commission (CQC) Standards, and Safeguarding Adults Act 2015.
Discuss the legal obligations and responsibilities of care home providers and staff in relation to internal governance.

III.....

Requirements for Operationalizing a New Institution

Operationalizing a new institution requires meticulous planning, resource allocation, and compliance with regulatory frameworks. Here are the key requirements to consider:

1. Define Objectives and Vision:

Establish a clear mission statement and strategic plan outlining the institution's purpose, goals, and values. (Drennan et al., 2016)

2. Secure Funding and Resources:

Determine the sources of funding, including government grants, private donations, or student fees.
Manage and allocate resources efficiently to ensure operational sustainability. (Brewster, 2017)

3. Establish Governance Structure:

Create a board of directors or governing body responsible for oversight and decision-making.
Define roles, responsibilities, and legal compliance for....

Potential Consequences of Breaching Fiduciary Duty in a Business Setting

Fiduciary duty is a legal obligation imposed on individuals who have a special relationship of trust and confidence with another party, such as corporate directors, officers, and agents. This duty requires them to act in the best interests of the party they represent, exercising a high degree of care and loyalty. Breaching this duty can have severe consequences, both legal and financial.

Legal Consequences

Lawsuits: Breaching fiduciary duty can give rise to various lawsuits, including breach of contract, fraud, negligence, and misappropriation of assets. The affected party, such as the company or....

Corporate governance plays a crucial role in determining the performance and sustainability of organizations, especially in the industrial engineering sector. This essay investigates the relationship between corporate governance practices and performance within the context of companies listed on the Bursa Malaysia. By analyzing data and evidence from the industrial engineering sector, this study aims to provide insights into how effective corporate governance mechanisms can enhance financial performance and overall success of organizations in the Malaysian market.


One key aspect of corporate governance that impacts performance in the industrial engineering sector is the composition and effectiveness of the board of directors. A....