However, using revealed preferences, we identify a dissertation dissertation of "governance-sensitive" institutions that exhibit corporate associations between their disclosure levels and firms' governance mechanisms. We also find that firms with a disclosure level of ownership by institutions sensitive to shareholder rights have significant Dissertation corporate governance and disclosure 00 Employment of a compensation consultant 2 Performance and its characteristics like board size, board blogger.comate governance dissertation corporate governance and disclosure is a broad topic which covers all possible types of business relations and ways to run the blogger.comate governance have a huge We know how important any deadline is to you; that’s why everyone in our company has Dissertation Corporate Governance And Disclosure their tasks and perform them promptly to provide you with the required assistance on time. We even have an urgent delivery option Dissertation Corporate Governance And Disclosure for short essays, term papers, or research papers needed within 8 to
Dissertation corporate governance and disclosure
Has it faced any known public scandals If so, what were they and why did it occur Critically discuss these in terms of ethics theories studied during course.
For example is it consequentialism and if so what aspects and why. Analyse and explain economic, dissertation corporate governance and disclosure and environmental sustainability issues relating to business practice. Who are their stakeholders and to what regard are they held. Dissertation corporate governance and disclosure will need to develop a strategy map for your in-class presentation and your report.
The map must have a legend and describe the relationships shown as per class exercises. You will need to go through each guideline and report on the four that you think are the most important. Demonstration relevant theoretical and practical aspects of corporate social responsibility correctly applied to the case study. Apply regulatory requirements to develop appropriate board and committee functions and structures.
You will need to include the model. Apply corporate governance best practice principles and recommendations to achieve appropriate business practice. A separate and more detailed assessment criteria rubic marking guide will accompany this task description.
Nestle is originally a Swiss multinational food and drink company. The company ranked 33 among the largest global public companies in the list by Forbes Nestle.
com The relationship between Nestle and India goes back towhen it started to export its products to India, dissertation corporate governance and disclosure. After independence, the Government of India took the initiatives to build a strong economic relationship with Nestle. It has its headquarter in Gurgaon, Haryana, and has its presence all over the India. For more than a century, Nestle has contributed in the Indian economy through better life, employment opportunities and business opportunities for the farmers Mitra The company produces and supplies international quality food products under international brand names, such as, Dissertation corporate governance and disclosure, Nescafe, Milkibar, Milkmaid, Kit Kat, Nestea.
It has launched some specific products for the Indian markets, such as, Nestle Dahi, Nestle Jeera Raita etc. As the company has achieved huge success in India, it has also faced some severe controversies, such as, in the case of Maggi and MSG.
The purpose of the report is to highlight and discuss about the strategic management of Nestle India and its corporate governance, ethics and corporate social responsibility. Board structure of a company is generally concerned with the issues related to the operation and freedom of working of the board committees, diversity regarding the company experience, functional backgrounds of the members and the top management. The board is a group of people, holding the higher positions in the company and responsible for taking decisions on behalf of the company.
Their main purpose is to maintain the corporate governance, ethics, corporate social responsibility, and looking after the stakeholders interests. In majority of firms, there is a two-tier corporate hierarchy. The board of directors or governors is on the first tier and they are elected by the shareholders. The upper management is on the second tier and elected by the board of directors Blake In Nestle India, dissertation corporate governance and disclosure, there are three committees, namely, Board of Directors, comprising of five people, Adult committee, and Risk Management Committee, both consisting of three members.
After the Maggi ban inNestle changed its business strategy and its MD Etienne Benet stepped down. Narayanan has spent almost cr INR to pulp out the existing stock of Maggi from the market and changed other strategies to fight back the ban Nestle.
In the yearNestle faced a huge downslump in its years old business in India. One of its products, Maggi Two-Minute instant noodles faced a severe breakdown when it was banned by the Food Safety and Standards Authority of India FSSAI.
Nestle was told to withdraw the product from the market. ketchup, jams, beverages were affected too. It all started with a routine check by a FSSAI inspector, Sanjay Singh, in Uttar Pradesh, who wanted to check the claim of No Added MSD by Nestle India.
He sent the sample to the state laboratory for testing, which brought out positive results. For double checking, dissertation corporate governance and disclosure, he sent another few samples to the Central Food Laboratory in Kolkata in June. In June, the results came out as positive once again, with This amount is more than times than what Nestle had claimed initially. The company was sent letters but they did not clarify.
The national newspapers started writing about it, but Nestle maintained its claim that it does not add MSG in Maggi. Finally, on June 5,FSSAI ordered Nestle to recall all the products from the market and put a ban on it. This had shaken up the entire business operation of the company, as well as its brand image was demolished Livemint.
This was an issue of violating the corporate ethics. The company claimed something, dissertation corporate governance and disclosure, which they did not maintain.
Nestle added Mono Sodium Glutamate MSG in Maggi that is harmful for human health, dissertation corporate governance and disclosure. Along with that, the amount of lead is also times more than what was claimed by the company. Both of the elements are quite higher than the safety limits.
This is a violation of ethics. Business ethics refer to the moral principles guiding the business behavior. Dissertation corporate governance and disclosure ethical acting refers to the way of distinguishing the choice between right and wrong and then taking the right decision.
The moral dilemmas are answered by using the ethical theories in the business practice, and by choosing the right way over the wrong. When a company does not follow this practice, then it is said that the company has adopted unethical practices, dissertation corporate governance and disclosure, mainly due to profit maximization.
In the context of Maggi scandal, the theory of consequentialism can be applied. It is a class of normative ethics, which says that the consequences of the action of a person or an organization are the ultimate basis for any type of judgment of right and wrong of that action. Hence, from this theory it can be derived that an act is a morally right one if it delivers a positive outcome or consequence.
The end justifies the means in this theory. In case of Maggi, the company claimed in their advertisement and packaging that it does not use Mono Sodium Glutamate MSG in Maggi.
MSG is a harmful component for human health. It should not be used in food. Along with that, the led component was found to be times higher than what Nestle had claimed to be using Desai It was another unethical practice by the company.
Hence, along with consequentialism, the virtue ethics was also violated by Nestle. For profit making, the company has adopted dishonesty, dissertation corporate governance and disclosure. More usage of lead makes the product tastier, which increases its sales. Thus, even if it claims to not using the harmful dissertation corporate governance and disclosure, the lab test results said something else.
Thus, Nestle has violated the business ethics of virtue and the theory of consequentialism is the most relevant theory of ethics that can justify the Maggi scandal of Nestle India Saluja and Mahajan A stakeholder is the person, group of people or an organization, which has the concern or interest in a business or company.
The stakeholders can affect or can be affected by the actions, decisions, policies and objectives of the organization Nazir and Malhotra The creditors, employees, directors, owners or shareholders, suppliers, investors, government, and the social community are examples of stakeholders of a company. The stakeholders can be external or internal. The external stakeholders are those, who do not work in the organization, but are somehow affected by the actions of the company and the outcomes of the actions.
Creditors, suppliers and public groups are the external stakeholders. The internal stakeholders are those who are directly involved with the company through employment, dissertation corporate governance and disclosure, investment or ownership. Investors are the most common type of internal stakeholders, dissertation corporate governance and disclosure, who are majorly affected by the outcomes of a business Andriof et al.
Hence, if a company achieves great success or failure, the investors are hit most. At the same time, the external stakeholders are also affected by the outcomes of a business sometimes. If a business activity generates negative externality, then well being of the external stakeholders are affected Sakunia and Jha In case of Nestle India, there are many stakeholder groups.
The company believes dissertation corporate governance and disclosure engaging with their stakeholders for new ideas for business and their improvements. The stakeholder groups of Nestle are Academia, Communities, Consumers and general public, Customers, Employees and the representatives, Governments, Industry and trade associations, intergovernmental organizations, NGOs, Reporting agencies, shareholders and financial communities and suppliers, i.
farmers and small holders Weiss In India, when the Maggi got banned, the Consumers and general public, Customers, Employees and the representatives, and shareholders and financial communities were majorly affected. The profit and market share of the brand had declined significantly.
The customers and consumers are affected for the health factor. The OECD principles for corporate governance ensure the basics of business ethics and corporate governance in an organization. It encourages for protecting the rights of the shareholders, which includes equitable treatment of all the shareholders Siems and Alvarez-Macotela Hence, OECD promotes a general rule for corporate ethics and governance. In the context of Maggi controversy, it can be dissertation corporate governance and disclosure that Nestle did not follow these rules in case of Maggi in India.
Dissertation corporate governance and disclosure more than a century, the company has been operating in India and in other nations. The international guidelines have been followed mostly and Nestle has been able to capture the market leader status.
However, dissertation corporate governance and disclosure, in India, to capture the market and maximize profit, Nestle indulged in unethical practices. It did not follow all the dissertation corporate governance and disclosure for corporate governance framed by OECD. The company did not follow the timely and accurate disclosure of the matters regarding the business. It dissertation corporate governance and disclosure on claiming no added MSG and least amount of lead in the product, while it silently increased those components to increase the taste at a lower cost for profit making.
This broke the virtue of honesty, and customers lost faith on the company, which resulted in huge loss Sinha, Sinha and Gupta It did not protect the rights of the shareholders.
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