Corporate governance in Poland Essay Example | Topics and Well Written Essays - 1250 words

Corporate governance in Poland - Essay Example lf-regulation in the global business markets has resulted in the establishment and standardisation of corporate governance policies and codes (Maassen, Bosch and Volberda, 2004). This paper will explore the concept of corporate governance in Poland drawing from the privatisation movement of the 1990s, which resulted in massive changes in the corporate structure and organization, thereby prompting the practice of corporate governance in the country. In the business context, the concept of corporate governance refers to the system through which management teams direct and control their organisations in pursuit of the organizational goals and objectives (Rossouw, 2008). Organisations have a set of goals and objectives, which they pursue following premeditated strategies, with the intention of maximizing outcomes; in that respect, governance provides the fundamental framework that organisations follow in setting up objectives and achieving them (Pucko, 2005). In other words, corporate governance is the mechanism through which the management is able to monitor the actions, policies, and decisions of corporations while ensuring that the partisan interests among the different organizational stakeholders are properly aligned for effective operations (Witherell, 2000). Corporate governance has emerged to be a crucial aspect of the corporate world today (Rossouw, 2009), following the global demand for accountability in corporations, whi ch has been prompted by the succession of numerous cases of malpractices in global corporations (Todorovic & Todorovic, 2012). Generally, corporate governance is a very fundamental concept in the corporate management practice especially in today’s highly dynamic and complex global business environment that requires formal organizational structures for operational effectiveness (Sreejesh, 2012). Corporate governance in Poland was introduced in the 1990s following the privatization of numerous State Owned Enterprises through the issuance of

Do Multinational Corporations Exploit the Developing World Term Paper

Do Multinational Corporations Exploit the Developing World - Term Paper Example To most parts of the developing world, 'Capitalism' is a mantra that is probably one of the surest ways of achieving economic stability not just for the individual, but also for the country as a whole. "The essence of capitalist exchange is to proceed from money to money by way of commodity and end up with more money than one had at the outset." (Raymond Aron 1967). Does this sound quite lop-sided Well, to a person or a firm who has decided to bet his last dollar on making it big in a country that is not his own, there is every cause to make the most of what can be got? Over a period of time, one will be able to assess and evaluate the quantity and quality of the resources that are available in this new country. However one-sided the argument of a capitalist may seem to be, there is no doubt that expansion of any firm involves certain losses, the pinch of which is usually felt by the developing world. There is this constant rat-race for economic prosperity, marked by large-scale trad e-offs that are more often than not, worth the reward, over a period of time. To the capitalist, this is the essence of success, a tangible measure of progress. There is no doubt that Communism as an ism has all but disappeared from the present day world. In spite of this, there are remnants of this ideology which are very powerful in many parts of the world even today. When one talks about the rights of the worker or the son of the soil for that matter, there is this overriding imperative to take care of his needs before all developmental issues are even thought of. There is always the fear that the advent of multinational corporations would first exploit workers and then alienate them in their own homelands. A fear that has taken root in many parts of the world today, sparking off protests against the entry of multinational firms into a country. As opposed to indigenous firms that are aimed at taking care of the land and labor without exploiting any resource, socialists believe that the entry of multinationals will spell the beginning of the end as far as economic independence is concerned.