Corporate Compliance Benchmarking

?Despite its alleged flaws, the U.S. in embodied goernment system has performed very wellspring, both on an absolute basis and relative to other countries? (Chew &type A; Gillan, p.16, 2005). The concepts of corporate governance are essential for some(prenominal) tighten operating into today?s logical argument environment, especially with Sarbanes-Oxley. Corpo symmetryns must at times reinvent its task clay sculpture as it relates to its managerial oversight and accountability. The overall death in each of the companies that will be addressed in the match benchmarking analysis is that each company has faced corporate compliance issues and necessary measures have been successfully implemented to examine great shareholder wealth and managerial accountability and transparency. In addition, this newspaper publisher will draw comparisons in schema as well as address contrasting courses of consummation taken. Eastman Kodak by Jeffrey Mapes?embodied governance takes in to consideration company stakeholders as governmental participants, the belief participants being shareholders, company management, and the board of directors? (Introduction to corporate governance, p.1, 2008). Eastman Kodak founded in 1888, cognize for not only photography save as its business model has continued to evolve germane(predicate) to changing technologies and consumer require additionally develops commercial and scientific applications (History of Kodak, 2008).

long-term performance initiatives and variegation was not always successful as the firm?s business model deteriorated significantly over the 1990?s, specifically as early as 1992 the firm ratio of debt to capital wa s tight 60% and a debt souring to $10.3 tri! llion (Rigdon & Star, 1993). In lay to implement important changes to its business model and profit shareholder value, then CEO Kay Whitmore affirmd corporate governance reforms with recommendations to introduce confidential voting, end staggered elections of board members, correct the ratio of insiders and outsiders, and take off the positions of chairman and CEO (Rigdon & Star, 1993). However, despite these corporate governance measures, Kodak was unable to... If you want to line a full essay, order it on our website: OrderEssay.net

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