Are corporate governance system dichotomous (Anglo-American v Essay

Are corporate governance system dichotomous (Anglo-American v. German-) Is the Russian Federation consistent with any of these - Essay Example The parts may be essentially same in their basic purpose however, their orientation may be different and therefore the overall implications can also be different too. The dichotomy hypothesis therefore suggests that the world views may be divided into two different parts which are non-overlapping and mutually exhaustive in nature. These characteristics of the dichotomy suggest the views on the corporate governance could also be dichotomous in nature. Based on this, the corporate governance models are divided into two models of Anglo- American and Eurasian models. This paper will aim to study and explore the dichotomous nature of corporate governance and whether Russia is consistent with any of the models defined under dichotomous nature. Corporate Governance Before discussing dichotomous nature of the corporate governance systems, it is important to discuss corporate governance as a subject and its implications for the organizations. Corporate governance is considered as a multi-face ted and interesting subject considering the fact that it deals with the diversified range of issues faced by the organizations. Corporate governance as a discipline suggests that it is a set of processes, policies, laws and procedures which govern the overall behavior of an organization within a given society. ... Companies like WorldCom and Enron continued to defraud different stakeholders by engaging themselves into activities which may not be considered entirely ethical Due to this, legislations such as Sarbanes Oxley were enacted in order to ensure that organizations are discouraged from engaging themselves into unethical behavior. The current financial crisis was also one of the key reasons for the renewed emphasis on the corporate governance as a process. The large scale failure of financial institutions outlined that the corporate governance may be a process which could have ensured that organizations engage into the activities which are favorable for all the stakeholders without actually jeopardizing the overall interests of all stakeholder groups. Dichotomous World Hypothesis Corporate governance as a model is practiced under two different aspects of the same concept. The dichotomous world hypothesis outlines that there are two different models of corporate governance systems. One mod el is based on the American shareholders model whereas another model is based on the German model of stakeholders. This hypothesis therefore identifies the corporate governance as a phenomenon which is perceived under two different schools of thoughts or opinions on the nature of the corporate governance systems. Dichotomy as a concept outlines something which can be divided into two halves however, each half remain mutually exclusive from other. What is critical about this concept is the fact that the halves remain independent however, they form the part of the whole and such re-enforce ach other. (Peng,) The groups of stakeholders which are often associated with an organization include shareholders, government, executives, employees, general public,

The Role of a CIO (Chief Information Officer) Essay

The Role of a CIO (Chief Information Officer) - Essay Example However, he is considered to be a key player in the CEO's panel. According to Tim Arnoult "the predecessors to today's CIO was the Senior Vice-President of Data Processing. The role was to post transactions to customer accounts and run daily financial statements for the bank. Today, every core process in the company is enabled with technology and the strategic focus is on the use of information to improve customer satisfaction and to gain competitive advantage. Twenty-five years ago, technology consisted of mainframes in the back-office; today the customer and the bank have the advantage of interacting directly with each other through technology."1 The accomplishment of the efforts put forth by the CIO highly depends upon the technological developments in the following six sectors namely information systems, system infrastructure, business systems, human resources, technology and relations. A competent CIO works by executing modified measures in the above-mentioned spheres in order to boost the IT operations being carried out in the respective company. The following paper is aimed at studying the roles of CIO in diversified fields, ranging from the discipline of learning to the administration sectors keeping in view, the challenging past of the CIOs and the prospects for them in the coming years. CIOs are the administrative executives whose primary task is to look after the services related to the information systems department. Integrating business stratagems into the technology sector of the firm is one of their primary objectives. Furthermore, they are also associated with the tasks of improving the organization's Internet and web projects and assist the CEO in attaining the targets aimed by the company by streamlining the business processes and the underlying features for IT operations. Above all, CIOs are the gurus, the symbols and the architects framing the global economy. Business Environments Affect the Role of A CIO Varying environments have a remarked impact on the roles being served by a CIO. Following are some of the milieus that could be experienced by any CIO working at any level in an organization. The first and the initial one being the Startup IT milieu in which the major responsibility of a CIO is to lay the basis for the IT infrastructure and incorporate it with the business-specific implementations. In this environment, it is the task for a competent CIO to work out ways for the expansion of business units. Next one being the High-tech business environment requires the CIO to indulge himself in the exploration of new scientific and technological discoveries and inventions in the fields of sales and marketing. He should work for the improvements of systems, for instance, emailing, VoIP businesses, video conferencing, etc. The third environ is said to be the Bricks and Mortar environment, during which an extensive stress is being laid upon conventional business methodologies. It can be categorized into setting up the IT infrastructures in health-care or governmental departments. The fourth and the most significant one is the Internet environment. The situation under discussion affects the CIO to a great extent and the CIOs of the current scenario are also the dwellers in the same environment.