Sign In
Not register? Register Now!
Essay Available:
Pages:
3 pages/≈825 words
Sources:
Check Instructions
Style:
Other
Subject:
Accounting, Finance, SPSS
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 18.95
Topic:

Conflicts in the Operations of a Company

Coursework Instructions:

Issue One: Meaning of Terms you will see in the questions:
“Critically evaluate”: Means that you should consider arguments from both sides of the debate.
“Utilizing the works with which you are familiar”: This can be, for example, academic articles AND/OR specific companies AND/OR articles in the business press AND/OR your project work.
Issue Two: The structure of your answers.
I would prefer you NOT to write a traditional essay. Instead please structure your answer as follows:
IDEAL ANSWER STRUCTURE
Issue 1: Heading Title
You should write 3 or 4 sentences about this point.
Issue 2: Heading Title
You should write 3 or 4 sentences about this point.
YOU SHOULD AIM TO RAISE AROUND 5 SEPARATE POINTS PER ANSWER.
Issue Three: Own Views
Wherever possible please include your own views – I want to see your own thoughts on these issues
please answer 3 question no plagrism no citation
A senior CEO has asked you to compare and contrast the key ‘take-aways; from both Agency Theory and Stewardship Theory from the perspective of a senior CEO who is keen to do the best job she possible can as leader of a large organization. Utilizing the works with which you are familiar, outline the key points which you would make to the CEO in order to address her request.
Almost all corporate governance codes around the world specify that the positions of Chair and CEO should not be held by the same person. However, in most stock-market listed firms in the United States, the post of Chair and CEO is usually held by a single person. Assume that you have been asked to make a presentation to the Board of Directors of a large Kuwaiti firm. Utilizing the works with which you are familiar, outline and discuss the most important issues which you would raise during the course of your presentation.
Assume that you have been asked to become an external consultant to the board of a Pharmaceutical company which is quoted on the local stock exchange. The board have asked you to make a presentation to them explaining what you consider to be the most important roles of Audit Committees in the context of their organization. Utilizing the works with which you are familiar, draft a brief report for the board of that company outlining the key points which you intend to raise during your presentation.

 
Coursework Sample Content Preview:
Name:
Instructor:
Course:
Date:
Questions and Answers
Issue 1: Agency Theory and Stewardship Theory
The agency theory relates describes how the operations of a company reflect on the needs and expectations of the shareholders and principals. Many a time, conflicts arise when the interests of different individuals exceed the objectives of the business. In solving such disputes, a business must employ agency theory in decision making and steering the operations of the company. Agents then come in to stand in for their principals, without having any interests that would go beyond the business objectives.
For stewardship theory, a business aims at ensuring the shareholders are the greatest beneficiaries of the enterprise. The business profits are maximized and aligned with the desires of those who invested in the beginning. Such may leave the objectives of the business aside, or give it scrupulous attention to the profits pocketed by the shareholders.
Evaluating the two modes of management and governance, a manager could utilize the agency theory properly to manage their businesses. In this case, the agent will be acting on behalf of the principal, without investing much attention. What matters it the knowledge that each of them has about the roles of each person to the firm. The stewardship theory would come in to quench the thirst of shareholders, who may want to apply their funds in achieving other business goals. This practice draws from several years of work by several enterprises to keep their businesses in operations without conflicts of devious interests.
Issue 2: Board of Directors
In a company, there are the employees, senior managers running the operations, and the shareholders. Shareholders are the people with the virgin idea, translated into practice to build the respective business empire. Once a business is running, it hires experts who should be managing the daily operations. The director is an independent professional who understands his roles in management and administration. It gives me the first idea of why he or she must not be the same person as the chairman.
Investors have interests in the profits of a business. Giving them roles to play in the management chain does not augur well with the benefits of investors. Conflicts of interest do arise when managers are the shareholders. They would manipulate and influence ...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

You Might Also Like Other Topics Related to conflict essays:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now