The Quality of the Corporate Governance within an Organisation and the Impact on an Organisation's Key Stakeholder

by

ACKNOWLEDGEMENT

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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ABSTRACT

The research explores the concept of corporate governance and explains various aspects of corporate governance. It also explains the importance of corporate governance in today's organizations and who the quality of corporate governance can affect the stakeholders. The researcher has adopted the qualitative methodology, through which the researchers has analyses the research findings and discussed the corporate governance of Tesco Plc. Moreover, by understanding and analyzing the corporate governance of Tesco Plc, the researchers has developed some recommendations through which organizations can effectively implement and carry out corporate governance activities.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

PART 1: INTRODUCTION AND LITERATURE REVIEW1

Research Background1

Research Questions1

Research Aims and Objectives1

What is Corporate Governance?2

Problem of Corporate Governance5

During crisis the work of the Board of Directors Changes6

Basic Characteristics of Corporate Governance7

Companies as Networks of Incomplete Contracts7

Interest of Stakeholders8

PART 2: METHODOLOGY9

Research Methodology9

Research Type and Approach9

Data Collection10

Searching Technique11

Literature Search11

Validity and Reliability12

Ethical Consideration13

PART 3: RESULTS, ANALYSIS, RECOMMENDATIONS AND CONCLUSION15

Case Study Analysis - Corporate Governance at Tesco15

Board of Committees15

Internal financial Control at Tesco Plc17

Organisational Structure17

Financial Framework18

Procedures and Policies18

Integrity and Quality of Employees18

Investment Appraisal19

Monitoring the Control19

Impact of Quality of Corporate Governance20

Importance of Quality of Corporate Governance20

Recommendations For Tesco plc23

Recommendations In-Light of the Case of Tesco Plc25

Organisational Structure25

Common Reporting Language25

Profit Based Corporate Governance25

Scheduling of Non-Executive Members of the Board26

Completely explaining How They Have Analysed AND Comprised the Profit and Earning Figures26

Conclusion27

REFERENCES29

PART 1: INTRODUCTION AND LITERATURE REVIEW

Research Background

The significance of corporate governance is in its contribution towards both the accountability and prosperity of the business. In United Kingdom, accountability has acquired much of people's attention over the past few decades. The main concept behind corporate governance is, it run the companies in order to produce best possible outcomes. Majority of the focus of corporate governance is on maintaining transparency, establishing formal external relationship and stressing on trustworthy, legal and timely information.

It has been observed that companies having better corporate governance are among the most valued than those having a less refined system. Researches also suggests that companies having good corporate governance are less likely to be facing surviving situations and are less likely are supposed to work on planning recovery strategies.

Research Questions

The research questions are as follows:

What is the importance of corporate governance within the organisations?

How important it is to emphasize on the quality of corporate governance?

What is the impact of good corporate governance on the company's stakeholders?

Research Aims and Objectives

The research aims to clearly analyse the concepts of corporate governance and its impact on ...