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
4.5 Competitive Advantage Analysis This part of report will analyse whether Folks DFK & Co. is able to utilise its resources and overcome its certain issues faced by the firm to sustain competitive advantage in current market. 4.5.1 Resource Allocated A. Human Resource The firm's human resource management is mainly controlled by partners, which include the involvement of partners in the recruitment process. Human resource department will select candidates with certain requirement to be shortlisted
Auditors act as agents to shareholders (principal) when performing the audit. The conflict arises when the auditor is unable to provide an independent review due to fear of losing out on the firm’s business in form of audit fees were they to give an honest opinion. 2.3 Board Structures A vital
Principals Defined and Agreed Principals • The capturing and storage of redundant information will be prevented and information will also be derived as closely to the source as possible. The same information will also be shared as many times as required, to the applicable
The Use of the Majalla in Islamic Finance in Malaysia: A Preliminary Study Farid Sufian Shuaib, Prof. Dr. & Tajul Aris Ahmad Bustami, Asst. Prof. Dr. Faculty of Laws, International Islamic University Malaysia The Majalla or the Majalla al-Ahkam al-Adliyyah as codification of part of Islamic law covers wide ranging subjects including general principles of Islamic jurisprudence and legal rules on transactions. These principles are relevant to the practice of Islamic finance. It is an interesting
UNIVERSITY OF GHANA BUSINESS SCHOOL DEPARTMENT OF PUBLIC ADMINISTRATION & HEALTH SERVICES MGT SECOND SEMESTER, 2014/2015 ACADEMIC YEAR (PH.D IN PUBLIC ADMINISTRATION, YEAR 1) COURSE TITLE: ISSUES IN PUBLIC ADMINISTRATION (PAHS 742) SEMINAR QUESTION What is public management? Is it a genuinely new area of academic inquiry, or is it merely an old subject that is being dusted off and recycled? Explain carefully the relationship between the research field of “public administration” and that of “public
governance focused on separation of ownership and control which results in principal-agent problems arising from the dispersed ownership in the modern corporation (Berle and Means 1932). They viewed corporate governance as a device where a board of director is essentially a monitoring mechanism to maximize the problems brought about by principal agency connection. Mallin (2004), explained in this context that agents are managers, principal are owners and board of directors are monitoring device. Many researchers
1.1.1 OBJECTIVE To enable our clients to attain superior quality consultancy by achieving sustainable results. 1.1.2 VISION We will deliver value: -To customers by providing sustainable and quality consultancy. -To customers by providing auditing services to third party bodies. 1.1.3 HISTORY Sanbook Quality Consultancy (SQC) is a company established in Dubai (U.A.E) in the year 2005 under the leadership of Dr. Sunil Manjrekar. SQC’s main focus is
CHAPTER TWO: REVIEW OF RELATED LITERATURE This section presents a brief review of existing theoretical and empirical literature of tax and tax administration. This review of literature establishes the framework for the study and high lights the noticeable strength and weakness of previous studies, which in return help in clearly identifying the gap in the literature and formulating the research question for the study. 2.1. Definitions and Concepts of Tax Taxes are a portion of private wealth, exacted