FORENSIC ACCOUNTING & FRAUD INVESTIGATION ASSESSMENT TASKS 1 THE ROLE OF FORENSIC ACCOUNTANTS IN CORPORATE GOVERNANCE Corporate governance is defined as the formal mechanism of direction, supervision and control put in place within a company in order to monitor the decisions and actions of its senior managers and ensure these are compatible and consistent with the specific interest of shareholders and the various other interests […]

Ted Seabrook, Phillips Exeter Academy’s venerable wrestling coach during the 1960’s when I was a student there, taught me an invaluable lesson that I have found applicable to a myriad of situations beyond the grappling mat. In describing how to bring a man down when, for example, the wrestlers begin in the down position and one finds himself on the top with the opponent beneath […]

Lack of proper corporate governance can be a disaster for campanies. In recent years, major Australian companies such as HIH, One. tel and Harris Scarfe failed under dramatic and high profile circumstances. As a result, executive and non executive directors from each of these companies have spent time in jail. They were vastly different companies, operating in different industries, and failed for very different reasons. […]

Corporate governance is concerned with ways in which all parties interested in the well-being of the firm (the stakeholders) attempt to ensure that managers and other insiders take measures or adopt mechanisms that safeguard the interests of the stakeholders. Such measures are necessitated by the separation of ownership from management, an increasingly vital feature of the modern firm. A typical firm is characterized by numerous […]

A governance structure is the system which governs the relationships among a firm’s managers, shareholders, employees, customers and suppliers, playing an important role in providing both incentives and controls of managerial behavior (Tran, 1998). It can be defined as ‘an institutional framework in which the integrity of a transaction, or related set of transactions, is decided’ (Williamson, 1996). The efficiency of a governance structure, that […]

Nowadays corporate governance is seen as the key of attracting investors. Capital flow seems directed towards the companies, which practice fair and transparent ways of governing their organizations. With the changing global business scenario the need of understanding and effective practice of fair and technologically advance corporate governance has also increased. In my speech I will first explain the notion of Corporate Governance. ICAEW (2002) […]

Names and details of those who receive, in aggregate, consolidated remuneration of one hundred million Japanese yen or more will be disclosed on an individual basis in annual securities reports. Annual securities reports and business reports are also made available for public inspection on TMC’s Internet website. Existence of guidelines for the amount and calculation method of remuneration Yes Information regarding guidelines for the amount […]

TITLE : CORPORATE GOVERNANCE COMPANY NAME : AIR ASIA GROUP MEMBER AIRASIA BERHAD COMPANY PROFILE ? Established in 1993 and commence operations on 18 November 1996. ? Established with the dream of making flying possible for everyone ? Originally founded by a government-owned conglomerate, DRB-COM. ? Bought by former Time Warner executive, Tony Fernandes ‘s company Tune Air Sdn Bhd on 02 Dec 2001 COMPANY […]

Corporate governance deals with the ways in which a firm protects the interests of its investors, lenders, and creditors. It’s the process and structures used to direct and manage business affairs of the company towards enhancing prosperity and corporate accounting with the ultimate objective of realizing shareholders long-term value while taking into account the interests of other stakeholders i. e. management, customers, financiers, government, employees […]

Corporate governance is defined as the development of of formal systems of accountability, oversight and control in order to remove the opportunities of employees to make unethical decisions. Accountability refers to the synchronizing of workplace decisions to the firm’s strategic direction in alignment to the ethical and legal considerations. Oversight refers to effective checks and balance policies that are in place to limit opportunities for […]