The king ii code only applied to certain entities and followed a rule-based based approach hence comply or else or mandatory corporate governance. Apply-or-explain approach is a reformulated version of the comply-or-explain approach implicit in the comply-or-explain approach is the fact that a company that has offered an explanation, whether. One good question to ask yourself is: could anyone else have written this essay if the answer is yes, then you aren't doing a good job of representing your unique perspective on the world if the answer is yes, then you aren't doing a good job of representing your unique perspective on the world. Ethos, logos, and pathos are persuasional tools that can help writers make their argument appeal to readers this is why they're known as the argumentative appealsusing a combination of appeals is recommended in each essay. Uk essays is a uk-based essay writing company established in 2003 we specialise in providing students with high quality essay and dissertation writing services.
2 another meaning of 'apply' apply has another meaning if you apply something to a surface, you put it onto the surface or rub it into it this is a formal use of apply, which often occurs in written instructions. Definition of comply or explain the uk corporate governance code (formerly the combined code) is primarily a best practice standard of governance for the quality of a company's board leadership, effectiveness, accountability, remuneration process and investor relations. How different is apply or explain from comply or else and even comply or explain for that matter approaches that ask companies to comply call for the government to enforce the law, while the apply-or-explain approach call for the shareholders to enforce the code. The comply or explain approach was introduced for the first time in 1992 by the cadbury report the defining aspect of this approach was the introduction of a set of recommendations (provisions) listed in a code (the cadbury code) on guiding commonly recognized principles of best practice on various corporate governance aspects (eg.
In doing some reading on corporate governance i came across these two rather innocent looking, but far reaching, philosophies those being comply or else and adopt and explain. Role of the admission essay • as a transfer student, the essay is an important part of your admission application for the university of california and most private and out-of-state universities. 3 explain the differences between comply or explain and comply or else the cadbury report argued for a guideline of comply or explain which gave companies the flexibility to comply with governance standards or explain why they do not in their corporate documents. The purpose of a compare and contrast essay is to analyze the differences and/or the similarities of two distinct subjects a good compare/contrast essay doesn't only point out how the subjects a good compare/contrast essay doesn't only point out how the subjects are similar or different (or even both.
Apply or explain vs comply or else the king ii code only applied to certain entities and followed a rule-based based approach hence comply or else or mandatory corporate governance comply or else refers to the companies obligation to abide by corporate governance standards. The danger with comply or explain is that to the extent that directors do not comply and they do not explain, or they explain, but they do not do so clearly, accurately or in detail, they fail to be accountable. Essay writing service get started with the best essay writing service around simply send us your essay question, and we'll locate an expertly qualified writer to create an answer like no other.
Step 4: swot analysis of the apply or explain vs comply or else hbr case solution: pest analysis swot analysis helps the business to identify its strengths and weaknesses, as well as understanding of opportunity that can be availed and the threat that the company is facing. Comply or explain is a regulatory approach used in the united kingdom, germany, the netherlands and other countries in the field of corporate governance and financial supervision. Verb (used with object), ap lied, ap ly ng to make use of as relevant, suitable, or pertinent: to apply a theory to a problem to put to use, especially for a particular purpose: to apply pressure to open a door.
In order to make a reasonable and logical analysis, you need to apply critical reading skills to a text, given source, or artifact that you intend on analyzing for example, when reading, you can break the whole text down into several parts. Federal law is created at the national level, and applies to the entire nation (all 50 states and the district of columbia), and us territories the us constitution forms the basis for federal law it establishes government power and responsibility, as well as preservation of the basic rights of. The comply-or-explain principle is a central element of most codes of corporate governance originally put forward by the cadbury committee in the uk as a practical means of establishing a code of corporate governance whilst avoiding an inflexible 'one size fits all' approach, it has.
You can use this sort of essay to explain something that happens in nature, science, or society these sorts of essays are easy to organize because the order of the essay is the way it happens however, the writer does need to carefully decide how to explain the process clearly and vividly to make it interesting. What's the simplest way to explain the difference between the usage of will and going to what is the difference between corporate governance and business governance, with examples what is the relevance and importance of corporate governance to a family-managed business. The ‗comply or explain' approach could denote a mindless response to the king code and its recommendations whereas the ‗apply or explain' regime shows an appreciation for the fact that it is often not a case of whether to comply or not.
The corporate governance codes in the uk, australia and germany follow the 'comply or explain' principle, whereas it is the 'comply or else' approach in the us (du plessis et al, 2011) the us approach to corporate governance is based much more on hard law and a regulatory state (jackson, 2010. 1 1 soft law: comply-or-explain it is perhaps inevitable that crises lead to calls for better regulation of the actors involved, as can be witnessed in the debate over the global financial crisis. Top quality papers we always make sure that writers follow all your instructions precisely you can choose your academic level: undergraduate, bachelor or professional and we will choose a writer who has a respective degree. If you are instructed to write a step-by-step without using numbers, your essay should contain all the elements of any other essay assignment: an introductory paragraph, a body, and a conclusion the difference is that your introduction will explain why your topic is important or relevant.