Corporate brass instrument Benchmarking
University of Phoenix
MMPBL/570
Corporate Governance Benchmarking
In the merged business cosmos failure is common, and most often the failure is because of inconsistencies, unethical bodied management behavior, uninvolved boards, and a incorporated administration wanting(predicate) factor. The Sarbanes-Oxley Act (SOX) let developed guidelines and requirements for organizations to take. In the case of McBride pecuniary Services (MFS) the need to put in place equilibrise plans to keep the organization within the required internal go steady requirements to meet the specific in the Sarbanes-Oxley Act guidelines. The plan of Hugh McBride, principal(prenominal) Executive Officer (CEO) of McBride Financial to expand the company by opening eight new offices. The funding for the expansion came through and through from Beltway Investments and the update to the organization to include corporate governance practices, policies, procedures, and stovepipe practices. As a part of the update audit controls would be put in place and support the organization to meet the SOX laws, (University of Phoenix, 2011).
Synopsis
In benchmarking the companies below, it is easy to see the importance of corporate governance and the need for the company board to have a stronger affair in the oversight of the CEO and top management. Both Tyco and Hewlett-Packard experience a decline in ethical standards when one someone was left to manage company decisions without oversight from the board or a committee of the board. As stated by Harman, It is, however, the corporate governance functions that still predominate in business moral philosophy (p. 216). Therefore, in analyzing these companies it is clear more involvement from the board could have influenced that influenced the ethics of those managing the company.
Individual Research
Tyco Pat Gilbert (ethical leadership and corporate governance)
Issue identified in the scenario that is...
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