公司治理-Corporate-Governance.docxVIP

Corporate Governance Define and Explain Corporate Governance a Function(s) and a Mechanism(s) and Evaluate the Role of Corporate Governance in a Chosen Case Organization Student Name: Student Number: Lecturer: Date: 20/12/2015  Table of contents Introduction……………………………………………………………………………3 Literature Review……………………………………………………………………..5 Definitions of corporate governance……………………………………………..5 Mechanisms of corporate governance……………………………………….....10 Internal Mechanism………………………………………………………..11 External Mechanisms……………………………………………………...13 2.3 Evaluation of corporate governance……………………………….……............13 A Shell Case Study…………………………………………………….……….…….16 The principle-agent problems and key stakeholders of Shell……….…….…..16 Ways to balance stakeholders’ interests…….………………………….……....17 Ways to balance internal stakeholders’ interests……………….…...….17 Ways to balance external stakeholders’ interests……………….………18 Comments on Shell’s Corporate Governance policies…………...……….……20 Conclusion……………………………………………………………………………..22 Reference………………………………………………………………………………23  Introduction Modern corporate situations are characterized by the globalization of technologies and information, posing a challenge for corporate management. The distribution of rights and responsibilities among different participants in the corporation and the rules and procedures for making decisions in corporate affairs are becoming vital important. In such a defined context, corporate governance tends to evolve from the corporations objectives. The form of a corporate can be dated back to several centuries ago, while since Adam Smith, many problems about corporate have been put forward. The study of corporate governance appeared with the emerging share market. In the 1980s, the concern of corporate governance reached an unprecedentedly high level. The reasons can be drawn from the worldwide privatization wave, the Asian financial crisis, several corporate scandals and an increasingly severe corporate cred