企业监管与利益相关者分析.pptx

CorporateGovernanceStakeholderAnalysis

LearningObjectivesDefinewhatisCorporateGovernancethegovernancechaininanorganisationUnderstanddifferencesingovernancestructuresandtheadvantagesanddisadvantagesofthese.UndertakestakeholderanalysisasameansofidentifyingtheinfluenceofdifferentstakeholdergroupsintermsoftheirpowerandinterestUndertakestakeholderanalysisasameansofidentifyingthe influenceofdifferentstakeholdergroupsintermsoftheir powerandinterest.

AViewofaComprehensiveStrategicAnalysis

ExternalAnalysisInternalAnalysisTheDeterminantofStrategy(outside-inapproachtostrategy)(inside-outapproachtostrategy)

CorporateGovernance:ADefinitionCorporategovernanceisconcernedwiththestructuresandsystemsofcontrolbywhichmanagersareheldaccountabletothosewhohavealegitimatestakeinanorganisation.06/01/2025

Thegovernancechain

WhyisCorporateGovernanceImportant?

ThegrowingimportanceofgovernanceCorporatefailuresandscandals(e.g.Enron)–focussingattentionongovernanceissues.Theseparationofownershipandmanagementcontrol–definingdifferentrolesingovernance.Increasedaccountabilitytowiderstakeholderinterestsandtheneedforcorporatesocialresponsibility(e.g.greenissues).

Theprincipal-agentmodelGovernancecanbeseenintermsoftheprincipalagentmodelPrincipalspayagentstoactontheirbehalf(e.g.beneficiaries/trusteespayinvestmentmanagerstomanagefunds,BoardsofDirectorspayexecutivestorunacompany).Agentsmayactintheirownselfinterest.

Issuesingovernance(1)Thekeychallengeistoaligntheinterestsofagentswiththoseoftheprincipals.Misalignmentofincentivesandcontrol–e.g.beneficiariesmayrequirelongtermgrowthbutexecutivesmaybeseekingshorttermprofit.Responsibilitytowhom–shouldexecutivespursuesolelyshareholderaimsorserveawiderconstituencyofstakeholders?

Issuesingovernance(2)Whoarethe