Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

A Mauritian listed company, Mauritius Paradise Ltd, engaged in the hotel sector, has a reputation for confrontation with its employees and frequent industrial action. The Chairman  holds the position of the Chief Executive Officer and has a very hands-on approach to management. The board of directors has justified its aggressive attitude to employees by arguing for the need to improve operational efficiency and cut labour costs in order to maintain profitability. The frequent industrial action causes great inconveniences to the organisation and has an impact on the general public.

Conscious of the company’s poor reputation and queries about good governance, the board of directors retained the services of ExcelPro Ltd, a Consultant, to consider ways of improving relationships between the Board and the company’s shareholders, employees, customers and the public in general as well as enhancing good governance throughout the company.

A suggestion made, in a report, by ExcelPro Ltd, was that the board should adopt the Code of Corporate Governance (Mauritius 2003/2004). The Consultant has also suggested that financial reports and other statements published by the company should be improved, and need to be more transparent.

Finally, ExcelPro Ltd recommended that to promote good governance, the Company Secretary should be required to act as the conscience of the company, and should report regularly to the Board on compliance and ethical issues, as a matter of good governance practice.

Required:

problem 1: What is the meaning of transparency in reporting and suggest how the application of this principle may contribute to better corporate governance?

problem 2: Suggest how Corporate Governance could be improved at the level of Mauritius Paradise Ltd.

problem 3: describe how the Company Secretary contributes to better practice in corporate governance, including the company secretary’s role as the conscience of the company.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M97561

Have any Question? 


Related Questions in Management Theories

Change management workbook 1a context analysisq1 how is ai

CHANGE MANAGEMENT WORKBOOK 1 A. Context Analysis Q1: How is AI (Artificial Intelligence) a game-changer in the industry you're analyzing? What new competitive dynamics/models emerge b/c of the introduction of AI? Q2: Ben ...

What is the difference between an assets ability to

What is the difference between an asset's ability to generate revenue and its ability to generate profit? How many categories should a data classification scheme include? Why? How many threat categories are listed in thi ...

Global supply chain managementquestion think of an idea you

Global Supply Chain Management Question: Think of an idea you are passionate about. How would you sell your idea to a high content versus low content culture? How about a low power distance versus high power distance cul ...

What is a cost-benefit analysis what is the difference

What is a cost-benefit analysis? What is the difference between intrinsic value and acquired value? What is single loss expectancy? What is annual loss expectancy? What is the difference between benchmarking and baselini ...

What is the difference between qualitative measurement and

What is the difference between qualitative measurement and quantitative measurement? What is the OCTAVE Method? What does it provide to those who adopt it? How does Microsoft define "risk management"? What phases are use ...

Question 1 in reflecting on the complementary nature of

Question 1: In reflecting on the complementary nature of managing and leading, John Kotter suggested that leadership is about coping with __________ while managing is about coping with __________. change; complexity comp ...

Assignment - case studyassessment taskthe goal of knowledge

Assignment - Case Study Assessment task The goal of Knowledge Management (KM) is to increase the quality of the contributions people make to their organizations by increasing their motivation: helping people to take resp ...

Business policy and strategy final examquestion 1 the laws

BUSINESS POLICY AND STRATEGY FINAL EXAM Question 1: The laws, and the enforcement of laws, associated with the protection of intellectual property rights, represent a significant currency and management risk to multinati ...

Assignment inventory management systemsyour sister owns a

Assignment: Inventory Management Systems Your sister owns a small clothing store. During a conversation at a family dinner, she mentions her frustration with having to manually track and reorder high demand items. She wo ...

Iris tried not to smile of course it isnt technically a

Iris tried not to smile. "Of course, it isn't technically a disaster," she explained, "but I understand what you mean. How much information is lost?" Joel looked at her in dismay. "Lost? All of it! We had just saved the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen