Strategic Managment - Corporate Governance Essay

Strategic Managment - Corporate Governance - Essay fontIndividual commitment to ethics is as much required as the a strong cognitive process on the bourse. Corporate Governance gives companies the basic framework to establish the rules of the game within. On one hand, the companies plentitude with measurable and quantifiable assets like finances and accounts. On the other(a) are its deep rooted favorable and environmental commitments to the buyers, suppliers, and the community it works in. Corporate loving Responsibility is that aspect of Corporate Governance that ensures that a company fulfills its social and obligations besides increasing its profits. In fact, the financial performance of a company, to a neat measure rests on the confidence it places in its employees with welfare concepts, ethical trade practices, protecting human value and respect for the environment.We will carry out a discussion into the Corporate Social Responsibility practise by the UK retail major Mar ks and Spencer. We will first define corporate governance, then look at the Code of Corporate Governance of UK and study its implementation as for as the clause of Corporate Social Responsibility is concerned.Corporate Governance is the system by which companies are directed and controlled. It provides architecture of answerability (Higgs, 2003).In other words, Corporate Governance is the principles on which a company is controlled, run and operated. . Corporate Governance requires of the Board to inculcate and maintain confidence in its shareholders by maintaining through transparency and informed of its decisions. Corporate governance is the accountability of a company, its board for protection of the investors money. Often in the past the Boards of companies did not behave responsibly resulting in loss of investors money and the confidence. The laws in UK were severely lacking in keeping proper checks and controls on the performance and decision making of executive and non-exec utive directors. This often