Preview

Effective corporate governance

Good Essays
Open Document
Open Document
902 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Effective corporate governance
EFFECTIVE CORPORATE GOVERNANCE

Presented by:
Alfesany Ahmed

Complience Manager
Pret A Manger Ltd.
Birmingham, UK
Contents
Introduction
Corporate Governance
The importance of responsible Corporate governance
The regulatory requirements that shapes the effective corporate governance in regulated company
The impact of regulatory requirements on pret A manger stakeholders interests
Conclusion
Reference

Pret a Manger was opened in Hampsted, London, UK in 1984 by Jeffrey Hyman.

The Pret A Manger is UK based international fast food chain organization which operates its business worldwide mostly in the UK, the USA, Hong Kong and in France.

This is considered as one of the mainly huge fast food provider in the planet.

The food is free from chemicals which organization makes handmade foods, stabilizer and preservatives.

Revenue of £17.32 million, return on sales of £3.1 million and 16% supply chain increased.

Corporate Governance

The framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in a company's relationship with its all stakeholders (financiers, customers, management, employees, government, and the community).

Corporate governance has also been defined as "a system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby, mitigating agency risks which may stem from the misdeeds of corporate officers. [Sifuna, Pacy (2012)]

It is a method of governing the organization similar to a ruler state, instating its personal customs, policies and laws to its employees from the highest to the lowest levels.

Corporate governance Refers to the internal and external factors which defined by the officers, stakeholders or institutions of organization.

The Importance of responsible

You May Also Find These Documents Helpful

  • Better Essays

    Corporate governance is a commonly used phrase to describe a company’s control mechanisms to ensure management is operating according to policies and regulations. Examples of such mechanisms are a company’s internal controls systems, internal audits, external audits, and an audit committee. Corporate governance aims to prevent accounting abuse and fraud. A strong corporate governance system is built upon a strong ethical foundation that supports producing precise and transparent financial statements..…

    • 932 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Corporate governance is the oversight of a company's management performance and ethics by its board of directors.…

    • 4426 Words
    • 18 Pages
    Satisfactory Essays
  • Powerful Essays

    The term, ‘Corporate Governance’ is used to describe the system in which companies are directed and controlled (Atrill,P, Melaney, E, Harvey,D, Jenner,M 2008, Accounting: an Introduction, 4th edn, Pearson Education Australia, Frenchs Forest, NSW, page 42).…

    • 1494 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Mk 201

    • 2161 Words
    • 9 Pages

    **Corporate governance- the oversight of top management by an organization’s board of directors or trustees…

    • 2161 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    “Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces such as consumer groups, clients, and government regulations” (2006).…

    • 841 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The Corporate Governance of any business is the relationship among the board of directors, management and shareholders to help in determining the path and performance of the corporation (Hunger & Wheelen, 2007, p. 18). Although laws and standards vary, the board of directors is:…

    • 383 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Corporate governance - corporate governance involves regulatory and market mechanisms, and the roles and relationships between a company’s management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed.…

    • 1690 Words
    • 7 Pages
    Good Essays
  • Best Essays

    Corporate Governance Tesco

    • 2252 Words
    • 7 Pages

    The term "corporate governance" portrays the structure of guidelines, connections, frameworks and processes internally and by which power is practiced and controlled inside enterprises. It includes the components such as stakeholders, suppliers; customers etc are taken into account. Corporate governance has many challenges associated with every organisation. To develop and maintain good corporate governance, seven unique characteristics are framed. They are described as follows:…

    • 2252 Words
    • 7 Pages
    Best Essays
  • Powerful Essays

    Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation…

    • 7250 Words
    • 29 Pages
    Powerful Essays
  • Better Essays

    Corporate governance is defined as the formal mechanism of direction, supervision and control put in place within a company in order to monitor the decisions and actions of its senior managers and ensure these are compatible and consistent with the specific interest of shareholders and the various other interests of shareholders who contribute to the operations of the company.…

    • 1096 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Ethics

    • 352 Words
    • 2 Pages

    - refers to the set of systems, principles and processes by which a company is governed. They provide the guidelines as to how the company can be directed or controlled such that it can fulfil its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term.…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Corporte Governance

    • 4445 Words
    • 18 Pages

    Corporate Governance is the set of processes, customs policies, laws and Institutions affecting the way the corporation (Company) is directed, administered or controlled. Corporate Governance also includes the relationships among the many stakeholders involved in the goals for which the corporation is…

    • 4445 Words
    • 18 Pages
    Good Essays
  • Better Essays

    Governance is a system designed to control and distribute power within an organization for economic, corporation and development (OCED). Corporate governance involves a set of relationships between a company management, its board, shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company and means of attaining those objectives and monitoring performance are determined.…

    • 5293 Words
    • 22 Pages
    Better Essays
  • Powerful Essays

    Malik Kashif Awan

    • 2686 Words
    • 11 Pages

    Corporate governance is the system by which companies are directed and controlled. Good corporate governance is…

    • 2686 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Corporate governance is a way of governing activities of a corporation for the well being of…

    • 7170 Words
    • 34 Pages
    Good Essays