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Essay / Research Paper Abstract
This 17 page paper looks at the concept and practice of corporate governance in the UK and Germany, contrasting and comparing the approaches, looking at the strengths and weaknesses associated with each corporate governance systems and how international managers may bridge the differences. The bibliography cites 16 sources.
Page Count:
17 pages (~225 words per page)
File: TS14_TECGgermUK.rtf
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Unformatted sample text from the term paper:
convergence there remain significant differences between nation states. Corporate governance may be seen as one of the key differences, which has an impact over many areas of operational and strategic
values, with national differences requiring recognition in order to facilitate the international relationships between firms and firms and their stakeholders and the issues senior managers may face. An interesting comparison
on different national approaches to corporate governance is between the UK and Germany, both members of the EU, and the trading relationship is important with Germany taking 11.6% of all
UK exports, the second most important export partner and providing 12.87% of imports making them the most important import partner (CIA, 2010). The UK is also an important trading partner
for Germany, with the UK providing 4.76% of all imports and receiving 6.7% of all German exports (CIA, 2010). With different values or approaches to business there is
a great deal of value that ca be assessed for understanding the systems, and their values, assessing the strengths and weaknesses of the different approaches and considering where there may
be opportunities or threats, this may enable best practices to be purposeful developed as well as identifying ways in which the national differences may be overcome where they create barriers.
The first stage is to define what is meant by corporate governance. Monks and Minow, (2008) give a very simplistic definition, stating that it is the system
which is used to direct and control organizations, this is a very generalised definition, but indicates the areas that it may incorporate, including the direction of action and as such
there are inherent implications in terms of issues such as control and accountability. When examining the concept and manifestation a more precise definition would be useful, for this ODonovan
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