Corporate Compliance Benchmarking

University of PhoenixApril 06, 2009Benchmarking Article: Does Corporate Governance Matter?Benchmarking is a resistant way to contrast and comp be well know companies. The twit companies selected for this benchmark is two Japanese based companies (Toyota and shank) and two US companies (General Motors and Xerox). The purpose of the assignment is to determine what role in somaticd administration plays in the achievement of each company. Based on performance, distich Toyota and ricochet ranked highest in performance, and has managed to be more moneymaking(a) that US companies (General Motors and Xerox). In the reading of the bind, key stakeholders, the governing room and the company?s strategy were analyzed to determine if the corporate governance is the reason for the succeeder of the Japanese. Japanese firms contend that their success is derived from the policy of lifetime employment. Neither Toyota nor Cannon has had to lay shoot up employees to cut cost to su pport the company?s financial position. US firms tend to continually practice reconstructing their firms with lay-offs and billet cuts, to champion support the company?s financial position. Toyota and Cannon?s board structure is better position than those of the US companies. Toyota and Cannon has over 27 board members (doubling that of the US companies) and the boards are divide into two groups of directors.

One director focus is on corporate level strategies, and the other director primary maintenance is on operating decisions. General Motors and Xerox have a pecking order system that is found in most US companies; CEO, chairman, and directors. Th! is innovation has been found ineffective in the areas of internal controls, which has resulted in decades of suffering performance, due to a lack of leadership provided by the CEO. The article suggests that by having more members, and a board divided by purpose, is the main reason that Toyota and... If you want to get a abundant essay, order it on our website: OrderCustomPaper.com

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