The Governance Problem: How it Started
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- Опубликовано: 28 янв 2013
- A look at the root of the main problem with governance today, in response to a Jan. 24, 2013 Globe and Mail article about Bob Monks by Janet McFarland, "Storming the boardroom: Sound, fury and little else." (Report on Business section, page B8). See also, What is Governance? ( • What is governance? ). Opinions, ideas expressed in this video were formed and influenced by Policy Governance(R) principles. Policy Governance was designed by Dr. John Carver and is in use by boards of all types around the world. For more information, please visit www.browndogconsulting.com.
Hi mam
I have a question why we use control of corruption or governance estimate instead rank.
I use estimated value in thesis and for defence I want to know about reason plz can you help me
Can you tell me why the need for independent director emphasised for corporate governance?
+Prashant Garg Governance is driven by government regulations and compliance with them. Sarbanes Oxley (SOX), HiPAA, PCI, and more are all regulations that require governance.
only for Transparent and unanimous impersonal and without any personal raison based decisions...thus here morality/accountability/responsibility and transparency come into the front of "The sense of trust valve" between shareholders and MDs or internal executives...
CEO to board membe4s
Shouldn't corporate governance focus on maximizing stakeholder value and not solely on shareholders ?
Boards should be accountable to legal/moral owners to see to it that the corporation achieves what it should. This can be done in a way that is mindful of all stakeholders: www.browndogconsulting.com/index.php/boards-can-be-accountable-to-owners-without-being-jerks-to-everyone-else/
Stake holders of a business can be a huge arena to cover, the likes of which include:
Owners, Managers, Employees (workers), Suppliers, Distributors, Customers, Competitors, Local community, Government, pressure groups
So CG cannot possibly focus on maximizing the value of competitors, pressure groups etc ~ !? It has to focus on maximising value of shareholders....who in turn SHOULD provide good governance and keep maximising value of stake holders like their employees and custormers, and possibly the government....like this video suggests by taking responsibility and empowering staffs.
@@BrownDogConsulting What are your thoughts on this setup for corporate governance (legality, effectiveness, and accountability)? Parliamentary style but can tweak for presidential and collegial [swiss] too)
SHAREHOLDERS (citizens)
All workers shall own shares and shall be given initial share upon hire. Everyone else shall have opportunity to purchase shares.
BOARD OF DIRECTORS (Commons)
The shareholders shall elect 20 directors. They shall name the chair.
EXECUTIVE COMMITTEE (cabinet)
The chancellor shall be chosen by the board of directors. He shall name 4 others sitting as a director to this committee.
BOARD OF AUDITORS (Senate sorta)
The auditors shall comprise of 3 shareholders and 2 outsiders, chosen by nominating committee to review proposed bylaws to ensure it follows articles of incorporation and the laws, and executive orders to ensure it follows articles, bylaws, and the law. They coordinate with the directors to ensure it can be signed off by the IG.
INSPECTOR GENERAL (GG)
The board shall appoint for a term of 5 years without re-election possible. He shall sign off on the proposed bylaw unless board of auditors believes it would not be in best interest of company.
OTHER OFFICERS (civil service)
Every worker shall be a member/shareholder. However, officers shall be chosen by the executive committee, debated by the directors, and appointed the IG.
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Presidential:
SHAREHOLDERS (citizens)
All workers shall own shares and shall be given initial share upon hire. Everyone else shall have opportunity to purchase shares.
BOARD OF DIRECTORS (Reps)
The shareholders shall elect 20 directors. They shall name the chair.
EXECUTIVE COMMITTEE (cabinet)
The president shall be elected by the shareholders. He shall name 4 others to this committee who do not sit as a director, pending 2/3 approval from Review Board (Review Board may also remove any of the 4 by 2/3 vote).
BOARD OF REVIEW (Senate sorta)
The reviewers shall comprise of 3 shareholders and 2 outsiders. They coordinate with the directors to ensure it can be signed off by the president.
ARBITRATION (Supreme court)
The board shall appoint for a term of 5 years without re-election possible. They shall sign off on the proposed bylaw unless they feel it would violate law, bylaws (executive order only), or articles.
OTHER OFFICERS (civil service)
Every worker shall be a member/shareholder. However, officers shall be chosen by the executive committee, debated by the directors, and appointed the president.
As we don't hire civil servants among noncitizens, I paralleled this here. And company parties (akin to political parties) are not necessary if board size is under 100. Democracy has been tweaked throughout history. Why not use what we got and tweak that to our necessity?
Corporate governance, or any governance for that matter, should be aimed at social privatization and more to the extent of public value and public value management (Read Moore, Dewey, Tocqueville e.d.). We aren't here to reap the earth for shortsighted gains, a lot of a-moral commercial practices have proven that point (Sweatshops, arming locals against each other, manmade famine a.i.). We should institutionalise civic company's that understand their moral obligation to their community and also act in their benefit. Liberty means responsibility. Without roads no customers, without internet no packaging. Yes drive a profit, but merit society as whole while you're doing it. It's insane that people, in this day and age, work with the batshit crazy ideology of the Chicago school of Economics(Ayn Rand, Taylorism, shareholder maximalization, stock buybacks e.d). That's why you shouldn't neccesarily go for maximizing shareholder value. What's left to benefit when the rum is gone?