Corporate Responsibility and Governance Assignment - 1

Corporate Responsibility and Governance - Assignment Example There are multiple constituents included within stakeholder theory, apart from staying inclined towards just shareholders. Multiple stakeholders existing within business environment are employees, government, suppliers, customers, financial institutions, shareholders, competitors, trade unions, public interest groups, legal institutions, etc (La Porta, Lopez-de-Silanes, Shleifer and Vishny, 2000). Corporate governance structure of Nestle indicates giving equal importance to all stakeholders. The board of directors are responsible for handling all stakeholders and undertaking combined business strategy. Compensation principles of Nestle Group are taken into consideration by board of directors. Total compensation of executives and board members are thoroughly reviewed by shareholders. Stakeholder theory clearly demonstrates that all stakeholders would be given equal importance for obtaining stabilized firm position. Nestle has its business operations spread across the globe. The compan y handles its extended business base by giving importance to all stakeholders. Board Members are responsible for compensation plans but it is also thoroughly reviewed by other team members. Long term business purpose of the firm is retained by considering team interests and then implementing them into realistic plans. Good governance codes can be stated as a set of rules followed by top management in order to accomplish corporate objectives. These codes comprise of best mechanism which are related to other stakeholders as well as board of directors. Effective governance principles are established through governance codes. Governance codes do not possess any such legal binding but are necessary to influence board of directors so that they are able to control behaviour of top management. An appropriate regulatory framework is maintained by Nestle so as to guide overall operations of board of directors. These codes for

Taxes Assignment Example | Topics and Well Written Essays - 250 words

Taxes - Assignment Example The revenues collected through a progressive tax regime can be utilized to strengthen the public healthcare system. As it stands, the United States has more than 50 million citizens without health insurance. This is a shocking statistic, for with only a fraction of the yearly military budget, health access and healthcare outcomes in the country could be improved multifold. In a similar vein, channeling a portion of corporate revenues toward strengthening our healthcare system will pay rich social dividends. Much of the criticism directed at welfare programs like Medicaid, Medicare and social security are misplaced. Existing welfare programs are a godsend for those Americans belonging to the lowest strata of American society. They should not be criticized for being a drain on the economy. To the contrary, it is corporations which owns substantial resources and yet acts without social or environmental responsibility. It is only fair that corporations are taxed more as reparation for the damage they chronically cause to society and