1 / 19

Article Reflections on Corporate Governance Systems

Article Reflections on Corporate Governance Systems. Presented by Michihiro Kawano Tian (Fiona ) Luo Shaoyang Jian Cindy Wong Sisi Li. Agenda. Introduction of Required Article 1 Reflections on Required Article 1 Introduction of Required Article 2

cortez
Télécharger la présentation

Article Reflections on Corporate Governance Systems

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Article Reflections on Corporate Governance Systems Presented by MichihiroKawano Tian(Fiona ) LuoShaoyangJian Cindy WongSisiLi

  2. Agenda • Introduction of Required Article 1 • Reflections on Required Article 1 • Introduction of Required Article 2 • Reflections on Required Article 2 • Industry Application

  3. Required Article 1: Stakeholder Rights and Corporate Governance: A Cross- National Study of Hostile Takeovers

  4. Overview • Introduces 3 types of stakeholders during an uneven adoption of hostile takeover • Dataset based on 37 countries from 1988-1998 • Results from hostile takeovers： • Increases shareholder rights protected • Decreases when worker’s and bank’s rights increased

  5. Reflections on Stakeholder Rights and Corporate Governance: A cross- national study of hostile takeovers

  6. Additional Article 1 • Title:Corporate Governance Systems as Dynamic Institutions: Towards a Dynamic Model of Corporate Governance Systems • Schneper and Guillén (2004) stated • Shareholders are interested in hostile takeover • No information about the categorization of shareholders • Emenalo (2012): • Principals & Individual Shareholders: • Agent:

  7. Additional Article 2 • Title: Corporate Governance for Competitive Advantage and Cross - Culture Management • Knowledge and Culture Sharing • Main Affect – job insecurity • Method from Dr. Singhiv • Results

  8. Policy’s Flexibility • Hostile raider threatened by new buyer • DrSinghiv: “a customized approach” • Effect of a fair policy.

  9. Required Article 2: Comparative and International Corporate Governance

  10. Overview • Study the corporate ownership and the role of laborwith four perspectives • social, economic, legal, and politics • Find the most efficient way to manage corporation with the examination successful U.S. model • Most definitions of corporate governance have limitations • Conclusion: none of these perspectives can clearly explain corporate governance at cross-national dimension explicitly by itself yet they do help us to understand the issues

  11. Reflections on Comparative and International Corporate Governance

  12. Additional Article 2 • Aguilera and Jackson (2010) stated: • The employee voice boosts the firm's productivity • Singhvi held: • “Corporate Governance for Competitive Advantage and Cross - Culture Management” illustrates a model which achieves abnormality free culture

  13. Additional Article 1 • Aguilera and Jackson (2010) stated: • Agency problem • Solution: Principals take the important managerial position • Problem of the solution: Principles may not be managerial experts • Emenalo (2012) • Proposed a dynamic model of corporate governance systems • Different missions for different agents

  14. Additional Article 3 • Title: Differentiated Governance of Foreign Subsidiaries in Transnational Corporations: An Agency Theory Perspective • Multinational corporations need to change their global strategy to be efficient. • Based on different locations. • Foreign subsidiaries roles • Local implementers • Specialized contributors • World mandates

  15. Local Implementers • Local demands • Decentralized • Specialized Contributors: • Competitive • Centralized decision-making • World Mandates: • Local responsiveness and global integration. • Work with the headquarters and other interdependent subsidiaries.

  16. Industry Application

  17. Tobacco Industry • Hostile takeover: satisfy not only shareholders • Workers • Banks • Ensure positive outcomes for jobs • Job security • Intrinsic/extrinsic benefits

More Related