what are some examples of companies that appear to have some work to do - in ter
ID: 3686062 • Letter: W
Question
what are some examples of companies that appear to have some work to do - in terms of improving their approach to corporate governance? What key elements of effective corporate governance were missing? What are the lessons learned from this company's failures? Do you agree with Mr. Munger's assertion that "fewer controls (along with) a seamless web of deserved trust" will lead to a more successful organization (refer to article for week-1, http://www.gsb.stanford.edu/sites/default/files/38_Munger_0.pdf)
Explanation / Answer
INFOSYS,NOKIA,PEPSICo,ITC,THE COCO COLA COMPANY are some of the companies...
the key elements involved in failure of corporate governance:
The most important element which was broken was complying with the rules of ethical conduct.we have to become concerned that very few times ethics is seen as the pillar structure for the healthy management system.Board nominations and statutory audit also plays an important role.
yes, I agree with Mr.Munger because holding power under group of efficient individuals plays an important role than decentralising the power.If the deserved people hold the power then it will leads to successful organization
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