INDEPENDENCE IN CORPORATE GOVERNANCE: THE ROLE OF INDEPENDENT DIRECTORS – ISSUES AND CHALLENGES AKSHAT PARASKUMAR GANDHI SYMBIOSIS INSTITUTE OF TECHNOLOGY, PUNE 411042-LAVALE, PUNE E-mail: akshat.gandhi@sitpune.edu.in Contact: +91 88888 20195 ABSTRACT- The concept of Independent director has been originated to drive companies towards inculcating the concept of corporate governance in their management. Independent director of the firm plays a vital role in good going
It is an acknowledged fact that the principal-agent theory is generally considered the starting point for any debate on the issue of corporate governance emanating from the classical thesis on The Modem Corporation and Private Property by (Heracleous, 2001). According to this thesis, the fundamental agency problem in modem firms is primarily due to the separation between shareholders and management. Modem firms are seen to suffer from separation of ownership and control and therefore are run by professional
Cinematography is the final aspect that supports Freud’s theory in this film noir movie through specific lighting and camera work. When we meet the two females, they are shown in contrasting lighting to represent how the director is wanting us to view them. Ann is introduced to us with the glowing sun shining down on her face, highlighting how she is presented to be the pure, sweet and innocent character. Often seen in bright lighting during the day, Tourneur has shown Ann to be the typical happy
2.0 Agency Theory and Corporate Governance Corporate Governance is a term used to refer to the processes, policies, regulations and customs by which a corporation is directed, administered and controlled. Corporate governance has been an integral part of the business practice since the creation of corporate structure and separation of ownership from control (Aguilera & Jackson, 2010). Corporate governance specifies the responsibilities and rights of various stakeholders in the organization, e.g
A brief definition of corporate governance, business ethics, auditing profession, stakeholders and the auditing committee would bring light to the discussion at hand. Corporate governance in terms of a South African definitions stated by (Reinecke& Albertus, 1996). (1996:21) “the way in which companies are directed and controlled”. Business ethics is defined as items of Richard T. De George (2015) “in this broad sense ethics in business is simply an application of everyday moral or ethical norms
Thomas Cook (India) Ltd (TCIL) is the rule engaged travel and travel related exchange related affiliations relationship in for spendable mixture the nation offering a clearing level of affiliations that join Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport affiliations and E-Business. The affiliation set up its first office in India in 1881.TCIL's foot formed impression beginning now contacts more than 234 regions (checking 23 air terminal counters) in 96 urban
“Concept of alienation” in Art When we look into the ‘art world’, one can find innumerable literary characters who feel painfully alienated from the social institutions that encircle them. Characters like Jake Barnes in Ernest Hemingway’s The Sun Also Rises (1926); Caddy Compson in William Faulkner’s The Sound and the Fury (1929); and Stephen Dedalus in James Joyce’s A Portrait of the Artist as a Young Man (1916). The alienation experienced by these characters sometimes goes beyond, and feel alienated
conventions and semiotics referring to the films of one of the famous directors. For this task I have chosen Quentin Tarantino, because he intrigues the audience by the style of his own, what makes his films recognizable and distinctively unique. Besides, he is my favorite director as he evokes this kind of emotion in me, where I am aware that I am watching film of his oeuvre. Quentin Tarantino has been labeled as an auteur director, because when it comes to making films he does not stick to the codes
explains the perceptions and misperceptions of a perfect society through his theories on class struggle and hierarchy economics. Marx’s theories show how he recognized that class struggle was inevitable within a society, which is why he supported the Communist idea of government, which in theory makes everyone equal but in reality does not work that way. In this essay we will further analyze the application of Marxist theory into the text of Brave New World. Everyone in the World State of Brave New
salary restructure, empowerment, and workload. Then, it will investigate the impacts of these independent variables towards motivation and job satisfaction. In addition, it will analyze the organizational changes occurring during the ownership transferring and organizational re-structuring. This paper will highlight this problem and present a picture of level of job satisfaction based on the four independent variables among the employees at Sharjah institute of Technology. Subsequently, it will highlight