Varieties of Corporate Governance PowerPoint Presentation

Varieties of Corporate Governance - PowerPoint Presentation Example Corporate governance is not only a strategic approach and a driving force for an economy, but it also emphasizes on the variations in its system. The variations differ according to the business situation, such as failed incorporate networks may emphasize on the implementation of financial orientation type corporate governance system (Lazonick & O'Sullivan, 2000). Within the applied system of corporate governance, organizational arrangements and social relations act as those factors that determine the controlling authorities for an organization. The culture within an organization is thoroughly important, when directors and controlling authorities to run corporate governance are to be decided. It is up to the priorities of an organization; whether it is more towards revenue generation or towards the development of an ideal presence in the market, such as HTC Corporation. Therefore, this is the organizational arrangement that helps in picking the controlling authorities for a firm (Lazo nick & O'Sullivan, 2000). ... The firms may take advantage of the institutional approach, where system of corporate governance can be accomplished according to the outcomes (Dore, 2000, pp. 115-127). Supporting Arguments As the core argument of the article talks about the diversifications and variations of the corporate governance; therefore, in order support this main argument few of the supporting arguments are developed to achieve the aim appropriately. It is revealed that the relationship developed among the key stakeholders of an organization, including labour, capital and management, differs region to region (Aguillera & Jackson, 2003). Article also measures the isolated effects of all the stakeholders; thus, ‘forward-looking’ approach is used to analyze the effects. In the considered article, role of institutional complementarities in developing a suitable corporate governance system at a firm level is also analyzed. It can be observed that practicability of a certain institution rises, when o ther business institution does not suit particular business circumstances. In few cases, it is found that organizations are not likely to work on strategic orientation, when it comes to deal with financial system (Dore, 2000, pp. 118-124). By describing the dimensions and variations in such system, the role of directors and executive is also truly significant in determining the sustainable and reliable dimensions for any firm. One of the existing obstacles in the implementation of corporate governance is the conflicts, which may arise when interests of labour are suppressed by the interests of management and capital of the firm. The theoretical model presented in the article has served the main purpose properly.