Corporate governance board in an organization operates via the Essay

Corporate governance board in an organization operates via the different members of board of directors - Essay Example The aim of this paper is to illustrate the working of corporate governance by means of the literature review. Corporate governance rules are settled by the directors who give rules and regulations for the firm to move it in a specific direction to achieve different goals. Corporate governance actually gives rules for internal control of the firm. This literature review shows different views on corporate governance of various scholars i.e. the point of generation of this idea and its history. The paper then elaborates on the principle of corporate governance and their responsibilities; two distinctive models are described for corporate governance, which are used all over the world. These models clearly defines that why the firms in the United Kingdom are not as powerful as in United States. The reason is provide latterly in the paper by showing different examples of United States industries that actually fails because their corporate governance was unable to work. Then what are corpor ate governance model used by the Asian companies are provided. The paper uses three different examples to show that either corporate governance work or not. ... The last section is the few lines defining the conclusion taken from over all paper. The paper uses the examples of real firms that show that either corporate governance work or not. These real examples show that how their corporate governance works so that we can conclude that either the concept of corporate governance work or not. Corporate governance concept does work but it all depends on the individual forming the board of director or corporate governance. Corporate governance ideology does work and that is the reason that why the top firms are still working. The best direction and decision making system is the only reason that works and all these are provided by corporate governance. The paper not only shows that the either corporate governance work or not rather it also provide that how corporate governance work. The examples of real firms that are taken to elaborate the aim of paper will clearly define that how their corporate governance working for the success of the firm. Fro instance, the example of Cadbury shoes that their corporate governance decided to separate the confectionery firms from the beverages firms and this decision really works and the firm actually gain profits. Different statistical data of the companies are provided by the paper that shows that impact of decision making and regulation provided by corporate governance. The approach to literature review is made by the use different scholarly piece of work. Different books are used to elaborate the topic and scholar's journals are sued to seek the issue discussed by this paper. Moreover, the paper uses the real firm's data showing the actual and real evidences that either the corporate work or not. This data is taken from different