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Corporate Governance Model - Coggle Diagram
Corporate Governance Model
1. Anglo-US Model :
The
Anglo-American model
is a term that refers to the dominant economic and political system, characterized by a strong commitment to free-market capitalism, individual freedom and democracy, and the rule of law
Stakeholders involved:
• Shareholders- owners of the corporation and have interest in the financial performance
• Management- run the day to day operations
• Board of directors- responsible for overseeing the management
• Employees- interest in job security
• Customers- success for purchases of products and services
• Suppliers- provide goods and services the corporation needs
• Regulators- ensure the corporation operates
• Community- impact on local community
2. Japanese Model
The
Japanese model
refers to the unique blend if economic and social practices that have characterized Japan's post-World Wat II development
Stakeholders Involved:
• Shareholders- owners of the corporation and have interest in the financial performance
• Management- run the day to day operations
• Board of directors- responsible for overseeing the management
• Employees- involved in decision making
• Main banks- provide financial support
• Business partners- take interests into decision making
• Community- impact on the environment and local economy
• Government- ensure the corporation operates with standards
3. German Model
The
German model
refers to the economic and political system that has developed in Germany since the end of World War II.
Stakeholders Involved:
• Shareholders- owners of the corporation and have interest in the financial performance
• Management- run the day to day operations
• Board of directors- responsible for overseeing the management
• Employees- success of the corporation
• Work Councils- have a say in corporate decisions
• Trade Unions- negotiating labour contracts
• Customers- purchasing of products and services
• Suppliers- provide good and services
• Community- impact on environment and local economy