Corporate Governance in Manufacturing and Management with Analysis of Governance Failures at Enron and Volkswagen Corporations
Moses Jeremiah Barasa Kabeyi
Issue:
Volume 4, Issue 4, December 2019
Pages:
109-123
Received:
25 June 2019
Accepted:
27 August 2019
Published:
4 January 2020
Abstract: Good corporate governance is important in management of all organizations. It gives direction to an organization in matters of accountability, integrity and quality of product and service offerings in the wake of stiff competition and conflicting stakeholder interests. Business challenges and realities create conditions that favor governance failure through unethical conduct hence the need for regulations in addition to self-governance. Business ethics in business and manufacturing helps organizations in making ethically critical decisions. Corruption is a significant indicator of governance failure and involves illegal activities, criminal activities that are both financial and non-financial abuses and benefits. Corporate governance should provide a framework upon which organizations are hence creates order and harmony between various stakeholders. Good corporate governance improves organization’s image as a self-policing institution that is responsible and honest. Whereas self-regulations looks more attractive for free market economies, legislation and control is necessary since not all managers believe and act within good corporate governance. The board of directors should set the strategic objectives and provide leadership for realization and supervise the management and report to shareholders on their leadership. The Enron Corporation and Volkswagen scandals demonstrated that severe consequences result from failed corporate governance in form monetary and non-monetary that affect both perpetrators and the innocent. Where corporate governance fails, major indicators include, manipulation of financial records, corruption, poor quality products and exaggerated quality specifications in manufacturing and engineering, high staff turnover, lack of transparency and accountability, poor stakeholder relationship, poor performance and low economic development leading widespread poverty and social disorder. External enforcement should be considerate to genuine stakeholder interests to avoid legislation that will encourage cheating for survival. Perpetrators of governance failure, should be punished both as individually and as organizations to set an example to others in the form of penalties that are reasonably high to discourage noncompliance.
Abstract: Good corporate governance is important in management of all organizations. It gives direction to an organization in matters of accountability, integrity and quality of product and service offerings in the wake of stiff competition and conflicting stakeholder interests. Business challenges and realities create conditions that favor governance failur...
Show More
Impact of E-Government in Reducing Administrative and Financial Corruption in Jordan - Ministry of Finance (Study Case)
Issue:
Volume 4, Issue 4, December 2019
Pages:
124-131
Received:
25 January 2019
Accepted:
31 May 2019
Published:
6 January 2020
Abstract: The aim of the study is to identify the impact of e-government in reducing administrative and financial corruption in Jordan. The Ministry of Finance was chosen as one of the first ministries to implement e-government procedures. The researcher will address the role of e-government in reducing the manifestations of administrative and financial corruption and highlighting the concept of administrative and financial corruption and the impact on the spread of these diseases from the low efficiency of public investment and weaken the quality of work and infrastructure as well as to identify the views of the study sample regarding the role of e-government in combating this case. The researcher adopted the descriptive analytical method (a case study) to conduct a survey by analyzing the results of a questionnaire to survey the reality of e-government in combating financial and administrative corruption. The information was collected from theoretical sources and electronic sites as well as previous studies interested in this regard. 176) employees and (27) question. The responses of the sample of the study were analyzed by using the statistical package for social studies. The study concluded that the hypotheses proved that there were no statistically significant differences between the sex variables. The intention of the study recommended to take advantage of technology and technical information and devote its use as an integral part of the daily dealings of citizens, institutions and government bodies. The results of the study showed that the lack of citizen's conviction of the application of e-government and its procedures is the most important reasons that prevented its application. Moreover, the most important causes of administrative and financial corruption in the Jordanian society is due to first economic reasons, social in the second place and legally as the third place. The study presented a number of recommendations and proposals.
Abstract: The aim of the study is to identify the impact of e-government in reducing administrative and financial corruption in Jordan. The Ministry of Finance was chosen as one of the first ministries to implement e-government procedures. The researcher will address the role of e-government in reducing the manifestations of administrative and financial corr...
Show More
