University of PhoenixApril 06, 2009Benchmarking Article: Does Corporate Governance Matter?Benchmarking is a tolerant way to contrast and comp are well know companies. The ride companies selected for this benchmark is two Japanese based companies (Toyota and shank) and two US companies (General Motors and Xerox). The purpose of the assignment is to determine what role in integratedd governing plays in the achievement of each company. Based on performance, dyad Toyota and stem ranked highest in performance, and has managed to be more moneymaking(a) that US companies (General Motors and Xerox). In the reading of the bind, key stakeholders, the governing manner and the company?s strategy were analyzed to determine if the corporate governance is the reason for the supremacy of the Japanese. Japanese firms contend that their success is derived from the policy of lifetime employment. Neither Toyota nor Cannon has had to lay stuff up employees to cut cost to support t he company?s financial position. US firms tend to continually practice reconstructing their firms with lay-offs and play cuts, to champion support the company?s financial position. Toyota and Cannon?s board structure is better position than those of the US companies. Toyota and Cannon has over 27 board members (doubling that of the US companies) and the boards are divide into two groups of directors.
One director focus is on corporate level strategies, and the other director primary pertain is on operating decisions. General Motors and Xerox have a pecking order system that is found in most US companies; CEO, chairman, and directors. This innovation has been found ineffective in the areas of internal controls, which has r! esulted in decades of suffering performance, due to a lack of leadership provided by the CEO. The article suggests that by having more members, and a board separate by purpose, is the main reason that Toyota and... If you want to get a abundant essay, order it on our website:
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