Political governance and corporate governance

Type :

Presentation

Pages :

15 pages

Format :

.doc

Published date :

01/15/2009

Category :

Business & market

Sub category :

Management

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Summary :

Introduction.
Political and corporate governance: Similarities.
1. The term 'governance'.
2. Simultaneous evolution.
3. The entrepreneur and the Industrial Revolution.
4. The apparition of the shareholder and the parliamentary government.
5. Managerial Capitalism and the executive power's comeback.
6. Shareholder Capitalism and the legislative power.
7. Simultaneous structure: Checks and balances.
How does politics influence corporate governance?
1. Foreign policy and corporate governance.
2. The regulation of business.
How do corporations influence politics?
1. Campaign funding.
2. Business on politics: Getting around the law.
3. Soft money.
4. Independent expenditures.
5. Issue ads.
6. Lobbying.
7. Captured regulatory agencies.
8. So is campaign finance reforms necessary?
Conclusion.
Bibliography.

Abstract

The 20th century was viewed as the age of management; the early 21st century is predicted to be more focused on governance. There is a distinction between politics and governance, where the former is regarded as cooperation between people with different points of view in order to improve the situation in the country and bring profit to it and the latter is more concentrated on administration and orientating a process of ruling. But on second thoughts we still can speak both about corporate governance and political governance. According to James McRitchie corporate governance is "most often viewed as both the structure and the relationships which determine corporate direction and performance." The board of directors is typically central to corporate governance. Its relationship to the other primary participants, typically shareholders and management, is critical. Additional participants include employees, customers, suppliers, and creditors. The corporate governance framework also depends on the legal, regulatory, institutional and ethical environment of the community.