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nd the best corporate governance practice in an Industry is not simply about a tug-of-war between disloyal institutional shareholders and greedy directors but also about the ethos of the organization.

These goals and objectives may be set by the entrepreneur who starts the business, but they are taken into consideration by all parties as being high-minded and in every stakeholders interests.. So,there has to be a process of finding out the different needs and harmonising them. This is considered as the first step towards the smooth running of the Organizational business.

Note: 'Best corporate governance practice = best management practice'
This regulatory approach towards the subject would consider governance which acts as a tool ensuring a balance between the various interested parties in a firm's affairs.

This indeed is what the Cadbury recommendations , reports and code are all about.

The essence of success in business is:

having a feasible strategy to achieve it 

having a clear and achievable goal 

creating an organization appropriate to deliver

having in place a reporting system to guide progress.

 
So with regard to above we can say that , 'Best corporate governance practice is all about satisfying the stakeholders' goal, and delivering success in an ethical way.' Therefore, it follows that the corporation must entail a holistic application of good management in the company.

It is vital that a broad ideology is to be taken when considering corporate governance because we cannot analyse too strongly over our belief that 'good management practices, will deliver good corporate governance.'

The governance, the goals,objectives and the strategy of a business must be compatible, and there should be congruence between the various interested parties expectations.

KEY GOVERNANCE ISSUES
The Boards of directors of any corporation have a myriad of duties, which are mostly set by common law and the corporation's own by-laws. These duties often include:

approving major strategic decisions

making decisions about mergers and acquisitions;

nominating board candidates;

overseeing financial reporting and audits;

One of the most difficult corporate governance duties of the Board of directors lies in the removal of the firm's CEO. This can occur when the board disagrees with the strategic direction being followed by the CEO.

For example, when Carly Fiorino was appointed as the CEO of Hewlett-Packard (HP) in 2005, she was viewed as the hard-driving and fearless by many . The Hewlett Packard board of directors had grown increasingly uncomfortable with her inability to deliver the profits that she promised . Her refusal to make any changes which the board requested, caused her downfall during a period of low profits and falling stock prices.

Governance Committees 
Boards of Directors often administer their corporate governance responsibilities by way of establishing committees.Each committee of the organization oversees a specific area of corporate governance and the same, reports to the full board members. The functions of audit committee is concerned with the company's finan本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。