Corporate Compliance Benchmarking

University of PhoenixApril 06, 2009Benchmarking Article: Does Corporate Governance Matter?Benchmarking is a tolerant way to contrast and comp ar well know companies. The beat 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 brass plays in the achievement of each company. Based on performance, coupling Toyota and cannon ranked highest in performance, and has managed to be more mercenary that US companies (General Motors and Xerox). In the reading of the bind, key stakeholders, the governing inhabit and the company?s strategy were analyzed to determine if the corporate governance is the reason for the success 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 sea wrack up employees to cut cost to support the c ompany?s financial position. US firms tend to continually practice reconstructing their firms with lay-offs and line 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 resuscitate is on operating decisions. General Motors and Xerox have a pecking order system that is found in most US companies; CE O, chairman, and directors. This innovatio! n 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 dual-lane 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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