University of PhoenixApril 06, 2009Benchmarking Article: Does Corporate Governance Matter?Benchmarking is a bighearted way to contrast and comp are well know companies. The discommode 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 brass plays in the achievement of each company. Based on performance, braces Toyota and hit ranked highest in performance, and has managed to be more lucrative that US companies (General Motors and Xerox). In the reading of the bind, key stakeholders, the governing means and the company?s strategy were analyzed to determine if the corporate governance is the reason for the mastery 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 torment up employees to cut cost to support th e company?s financial position. US firms tend to continually practice reconstructing their firms with lay-offs and gambol 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 revive 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 resulted 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 divided by purpose, is the main reason that Toyota and... If you want to get a abundant essay, order! it on our website: OrderCustomPaper.com
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