Essays on Corporate Governance and Business Ethics - Case of Tesco Assignment

Download full paperFile format: .doc, available for editing

The paper "Corporate Governance and Business Ethics - Case of Tesco" is a worthy example of an assignment on business. The term corporate governance seems to be a buzz word but it plays a very vital role in the operations and functioning of an organization. It is the process by which an organization is controlled and managed in order to retain its reliability and competitive advantage in the market among many other rival players. Thus, it might be stated that corporate governance comprises of the set of rules and principles with the help of which, the operations of the organization are governed (Bevan, 2007).

Similarly, the corporate governance of the organization of Tesco Plc comprises board committees and internal financial control committees. Board committees of Tesco Plc include five independent non-executive directors and eight executive directors to manage and control the affairs of the group in an effective way.   Apart from this, these board members are also responsible for approving the financial statements, disposals, acquisitions, treasury policies, risk management, succession planning, and many others. Other than this, the board of directors are also responsible for handling and managing the day to day operations and functions of the organization of Tesco Plc in an effective way in order to amplify its sustainability and position in the market among many other rival players such as ASDA, Sainsbury, etc (Bolden, 2011).                       Apart from this, the organization of Tesco Plc also includes an audit committee.

The members of this committee are responsible for reviewing the financial policies and strategies of the organization of Tesco Plc in an effective way. Along with this, they also review the financial statements of the organization so as to analyze any sort of mistakes or defaults.

Furthermore, a remuneration committee is also maintained, founded by Lord McLaurin. The responsibility of that committee is to recruit the experienced and talented staff for the organization of Tesco Plc and determine their remunerations and many other fringe benefits. In addition to all these above-mentioned committees, another important committee is internal financial control. It is responsible to manage and control the internal finances of the organization of Tesco Plc.

References

Alon, I. & Higgins, JM. (2005). Global leadership success through emotional and cultural intelligences. Business Horizons. 48: 501-512.

Avolio, B. & et. al. (2004). Unlocking the mask: A look at the process by which authentic leaders impact follower attitudes and behaviors. Leadership Quarterly, 15(6), 801-823.

Banerjee, S. (2010). Governing the global corporation: A critical perspective. Business Ethics Quarterly, 20(2), 265-274.

Bass, B. & Steidlmeier, P. (1999). Ethics, character and authentic transformational leadership behavior. Leadership Quarterly 10 (2) 181.

Bevan, D. (2007). Ethics and HRM, in Human Resource Management: a critical text, edited by Storey, John. London: Thompson Learning, 251-262.

Bolden, R. (2011). Distributed Leadership in Organizations: A Review of Theory and

Research. International Journal of Management Reviews, 13(Special issue): 251-269.

Bryman, A. & et. al. (2011). The Sage Handbook of Leadership. London: Sage.

Brown, M. E. & et. al. (2005). Ethical leadership: A social learning perspective for construct development and testing. Organizational Behavior and Human Decision Processes, 97(1), 117-34.

Carroll, A. B. (2001). Ethical Challenges for business in the new millennium: corporate social responsibility and models of management morality, in Business Ethics 01/02, Richardson, J.E. (Ed). Dushkin/McGraw-Hill, Guilford, CT, 198-203.

Ciulla, J. B. (2006). Ethics at the heart of leadership. In: T Maak & NM Pless (Eds) Responsible Leadership. Oxford: Routledge.

Cooke, F. L. (2011). Social responsibility, sustainability and diversity of human resources, in Harzing, A. and Pinnington, A. (eds.), International Human Resource Management, 3rd edition. London: Sage.

Carmichael, J. & et.al. (2011). Leadership and Management Development. Oxford: OUP

Fernando, A, C. (2009). Business Ethics: An Indian Perspective - Page 237. London: Sage.

Holloway, R. (2001). Towards Financial Self-reliance: A Handbook on Resource development Page-95. New York: McGraw-Hill.

Haslam, S. A. & et al. (2010). The New Psychology of corporate governance. London: Routledge.

McKee, A. (2012). Management: A Focus on Leaders. International edition. New Jersey: Pearson.

McKimm, J. & Philips, K. (2009). Leadership and Management in Integrated Services. London: Springer.

Mallin, C, A. (2009). Corporate Social Responsibility: A Case Study Approach - Page 141. . New York: Springer.

Mamic, I. (2004). Implementing Codes of Conduct: How Businesses Manage Social environment. London: Sage.

Tesco, (2013). Annual report. Retrieved from: http://files.the-group.net/library/tesco/annualreport2013/pdfs/tesco_annual_report_2013_governance.pdf.

Tesco, (2013). Our governance framework. Retrieved from: http://www.tescoplc.com/index.asp?pageid=672.

Tesco, (2013). Tesco radically overhauls top executives pay. Retrieved from: http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8548730/Tesco-radically-overhauls-top-executive-pay.html.

Visser, W. & et. al. (2010). The A to Z of Corporate Social Responsibility. Germany: JohnWiley & Sons.

Download full paperFile format: .doc, available for editing
Contact Us