The Experts below are selected from a list of 87 Experts worldwide ranked by ideXlab platform
John Holland - One of the best experts on this subject based on the ideXlab platform.
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Financial Reporting, Private Disclosure and the Corporate Governance Role of Financial Institutions
Journal of Management and Governance, 1999Co-Authors: John HollandAbstract:This paper explores how large UK financial institutions (FIs) pursued a private corporate governance agenda with their portfolio companies. It also investigates the role of financial reporting in private and public corporate governance. The case financial institutions argued that the limited quality of public information, especially in financial reports, was a major constraint on their ability to act in fund management and corporate governance roles. However, the financial reporting cycle determined a private institutional and Company Meeting cycle and this created opportunities for private information collection and for governance influence by FIs. In addition, the perceived limitations of public governance mechanisms such as voting encouraged private governance approaches. As a result, the case financial institutions had the incentive and the means to improve the quality of their sources of corporate information and to obtain a competitive edge over other financial institutions and the market through their direct contact with companies. Despite the limitations of public information, the paper reveals how public disclosure in financial statements and the financial reporting cycle played a central role in corporate governance. Public sources of information were combined with private sources to create a financial institutional knowledge advantage. The institutions used this knowledge to diagnose problem areas in strategy, management quality, and the effectiveness of the board, and their impact on financial performance. The financial reporting cycle meant that the quasi insider financial institution had the access opportunity and the joint public/private insight to influence companies across a wide corporate governance agenda and in a range of corporate circumstances. The case institutions exploited these private access and knowledge advantages for investment purposes and for Cadbury style corporate governance purposes. Thus, the private governance process was critically dependent on the FI knowledge advantage, which in turn relied on both financial reports and private disclosure. This wide ranging governance behaviour by institutions corresponds to recommendations subsequently made by the Hampel report in 1998 concerning UK corporate governance. The paper ends by exploring how the private institutional and Company Meeting agenda can suggest new directions for financial reporting and public disclosure and how this can further improve public and private corporate governance.
Catherine Roberts - One of the best experts on this subject based on the ideXlab platform.
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Minutes of General Meetings and Decisions of Members
Company Meetings and Resolutions, 2020Co-Authors: Leslie Kosmin, Catherine RobertsAbstract:An accurate and contemporaneous record of the decisions made by a duly constituted Meeting is of fundamental importance for the good administration of any organization or institution. Minutes of Meetings are a means by which all those who are concerned with the efficient management of an organization are kept informed of decisions that have been made at previous Meetings. Ensuring that minutes of general Meetings are prepared is one of the core functions of a Company secretary working in conjunction with the chairman. Minutes must provide a balanced, impartial and accurate internal record of the business transacted at any Company Meeting.
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Resolutions and Amendments
Company Meetings and Resolutions, 2020Co-Authors: Leslie Kosmin, Catherine RobertsAbstract:This chapter considers the different types of resolutions that may be considered either at a Company Meeting or, in the case of a private Company, by written resolution. Shareholders make their decisions by the passing of resolutions. Such resolutions take various forms, the type of which depends upon the size of the required majority for the resolution to be treated as effective. The form and content of Company resolutions is now determined by the provisions of CA 2006. Each of these new statutory requirements will be considered in this chapter. In addition, this chapter examines the procedures that must be followed if it is desired to amend a draft resolution before it is voted upon at a general Meeting. As will be seen, for special resolutions the possibilities for amendment are much restricted.
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Proxies and Corporate Representatives
Company Meetings and Resolutions, 2020Co-Authors: Leslie Kosmin, Catherine RobertsAbstract:An individual shareholder may attend a Company Meeting either in person or by proxy. A corporation, whether a Company within the meaning of CA 2006 or otherwise, may attend a Meeting by its duly appointed corporate representative or by proxy. The purpose of this chapter is to examine the law on the appointment of proxies and corporate representatives and to consider the rights and powers which they possess. CA 2006 has extended the right of proxies in respect of both public and private companies. Members of public and private companies have the right to appoint more than one proxy and all lawfully appointed proxies can attend, speak and vote at general Meetings both on a show of hands and on a poll. The statutory provisions referred to in this chapter were amended in part by the Companies (Shareholders’ Rights) Regulations 2009 with effect from 3 August 2009. Fortunately, as will be seen below, the opportunity afforded by this new legislation was taken to amend some of the drafting in the original statute which was difficult to apply and was the subject of criticism in the first edition of this book. It should be borne in mind that voting by proxy
Noriszura Ismail - One of the best experts on this subject based on the ideXlab platform.
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Deductibles, Policy Limits, and Reinsurance: A Case Study in Malaysia
2011Co-Authors: Noriszura Ismail, Ansar Asnawi, Ahmad AnuarAbstract:In developing countries such as Malaysia, the availability of reinsurance arrangements provides several advantages to primary insurers, such as keeping their risk exposures at prudent levels by having large risk exposures reinsured by another Company, Meeting client requests for larger insurance coverage by having their limited financial sources supported by another Company, and acquiring another Company’s underwriting skills, experience and complex claim handling ability. These are essential considerations for primary insurers that wish to expand their insurance business and reduce the size of their loss exposure, especially in countries like Malaysia, where the number of primary insurers is large and the size of their resources is small. This paper aims to model the amount of insurance loss, to provide a range of deductibles and policy limits based on Loss Elimination Ratios (LER), to compute insolvency probabilities via linear loading and PH-Transform assumptions, to calculate Increased Limit Factors (ILF), to apply a frequency and severity approach to pricing excess-of-loss layers, and to assess the insolvency probability of a reinsurance treaty. In particular, the PHTransform assumption is applied throughout as a means of incorporating a risk load, thus lowering the insolvency probability of a single excess-of-loss layer as well as multiple layers of a reinsurance treaty.
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INSOLVENCY PROBABILITY IN REINSURANCE TREATY : A CASE STUDY IN MALAYSIA
Perspectives of Innovation in Economics and Business, 2009Co-Authors: Noriszura Ismail, Ansar Asnawi Ahmad AnuarAbstract:In developing countries such as Malaysia, the avai lability of reinsurance arrangements provides sever al advantages to the primary insurers such as keeping their risk exposures at prudent levels by having th eir large risk exposures reinsured by another Company, Meeting client requests for larger insurance coverage by having their li mited financial sources supported by another Company, and acquiring underwriting skills, experience and ability of handling co mplex claims by depending on another Company for such services. This paper aims to model insurance claims and assess t he insolvency probability of reinsurance treaties. Claims data wa s obtained from one of the leading insurers in Mala ysia and R programming with actuar package is used to compute the probabil ity of insolvency. ISSN: 1804-0527 (online) 1804-0519 (print) PP. 62-64
Peter Westerberg - One of the best experts on this subject based on the ideXlab platform.
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the process of making a chinese subsidiary Company Meeting western standards a case study in a chinese manufacturing Company
2015Co-Authors: Yue Leng, Mohamed Mohamed, Peter WesterbergAbstract:This research is carried out by studying a Chinese factory, producing metal spare parts, and its Swedish parent Company that produces binding machines. The companies recently merged together after a previous relationship as supplier and customer. To bring the companies closer together an ERP-system was implemented during the research period. The purpose of this study is to answer three research objectives:Explore what outcomes there are when a Swedish Company acquires a Chinese factory related to cultural differences affecting the merging process.Investigate conditional barriers for developing the Chinese factory to meet Swedish standards regarding the relation of quality and production.Discover how efficient communication with ERP-system can help with the achievement of Meeting Swedish standards for the subsidiary Chinese factory.To answer these questions, interviews with three people in management positions was constructed and carried out. A questionnaire was constructed to get the employees views on changes. Observations was made in the Chinese factory which provided some information useful to answering the research objectives and with these three methods the results could be triangulated. Literature was reviewed with connections to: culture differences, ERP-systems and quality perspective in China to construct the theoretical basis for this research. The study discovered how culture differences affected important areas such as communication, work implementation and management. The cultural differences also affected the second research question about quality and production. Other aspects as education, quality focus, and involvement from employees were also acting as a barrier for developing quality and production. The implementation of an ERP-system experienced some of the barriers mentioned above as language and culture differences but also providing effective communication. Also other benefits as a clearer view of the organization structure, manufacturing processes and the production flow. However, the ERP-system implemented also has its flaws since it is not fully adapted to the Chinese market and users’ needs. It is also a reflection on the importance of understanding and adjusting to the Chinese culture.
Idham Idham - One of the best experts on this subject based on the ideXlab platform.
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Juridical Analysis of the Role of Notary Accountability in Making Deed of Meeting Decree and Circular Decree of Limited Liability Companies (Research Study at the Indonesian Notary Association of Batam City)
2020Co-Authors: Husin Husin, Jemmy Rumengan, Idham IdhamAbstract:All deed of limited liability Company is the authority of the Notary. As for the rapid development of the business world today, it has driven various efficiency efforts to support business activities, one of which is allowing the results of a general Meeting of shareholders of a limited Company to be stated in the form of a notarial deed. Departing from this background, then the formulation of the problem can be drawn, among others: (1) How does the legal regulation related to the notary's liability in making a deed of statement of Meeting decisions and the circular decision of a limited Company? (2) How is the implementation of the notary liability in making the deed of a limited Company Meeting and circular decision statement? and (3) What factors become a notary constraint in making the deed of a limited Company Meeting and circular decision statement? To answer the above problems, a research conducted using a normative juridical approach is supported by empirical research. To obtain the necessary legal materials, it is carried out by observation, interview, search, collection and study of library materials, laws and regulations, research results, scientific works and other written documents. Data obtained from the results of the study were then analyzed descriptively qualitatively with some quantitative data. From the results of the study note that there is a legal basis that becomes the basis for making the deed of a limited Company circular statement and decision of the Company as well as several factors that become obstacles for the Notary. It also provided advice to stakeholders.