Malik: The U.S. model of corporate governance now we can see, has come to an end. U.S. corporate governance model is the culprit causing the financial crisis, the crisis also helped to persuade people to abandon the U.S. model of corporate governance, the establishment of a new model of corporate governance.
U.S. corporate governance model How can we market conditions based on their own to choose the best model?
maximize shareholder value, the enterprise's performance in the financial markets is the number of support up and the number is manipulated by others Moreover, these companies pay the wages of executives and his business is performance in the stock market linked. To manipulate the figures so they have a strong power.
U.S. corporate governance model How can we market conditions based on their own to choose the best model?
Malik: In the past the concept of corporate governance is to maximize shareholder value, I am talking about corporate governance model, to maximize the interests of the company (to maximize customer value) as a priority. The past only the interests of shareholders, is the cart before the horse. Now the fundamental corporate governance is to ensure the effective operation of a business enterprise as long as they function effectively, it was natural for the interests of shareholders is assured. On the contrary if the interests of shareholders as the biggest considerations, it is likely that the interests of the company can not guarantee.
Board of Directors in determining the structure of corporate governance changes, do not go outside consulting firm, these so-called consulting companies do not know what is the right company management. Because the consulting firm's experts are in the traditional School of Management, School of Business on the study, the crisis has demonstrated the traditional SEM taught a management model that is completely wrong. How to change, the company should own discussion.
Some people think to see the light. How do you see the current situation?
Board of Directors in determining the structure of corporate governance changes, do not go outside consulting firm, these so-called consulting companies do not know what is the right company management. Because the consulting firm's experts are in the traditional School of Management, School of Business on the study, the crisis has demonstrated the traditional SEM taught a management model that is completely wrong. How to change, the company should own discussion.
Malik: The U.S. model of corporate governance now we can see, has come to an end. U.S. corporate governance model is the culprit causing the financial crisis, the crisis also helped to persuade people to abandon the U.S. model of corporate governance, the establishment of a new model of corporate governance.
worse when the economic crisis eroded like a virus all enterprises on the occasion, more desperate business need is rice rather than survive and improve function, this time the company focuses more on short-term profits rather than long-term pursuit of corporate governance reform.
maximize shareholder value, the enterprise's performance in the financial markets is the number of support up and the number is manipulated by others Moreover, these companies pay the wages of executives and his business is performance in the stock market linked. To manipulate the figures so they have a strong power.
Malik: First of all businesses now need to do is immediately change course, change this practice, focusing on value, focus on the production, focusing on value creation. The future of financial markets around the world there will be a big problem, at least in recent years will not recover. Then the total assets in global financial markets has shrunk at least two-thirds of the companies that are engaged in financial investment is simply no way to survive.
Malik: In the past the concept of corporate governance is to maximize shareholder value, I am talking about corporate governance model, to maximize the interests of the company (to maximize customer value) as a priority. Over the past only consider the interests of shareholders is cart before the horse. Now the fundamental corporate governance is to ensure the effective operation of a business enterprise as long as they function effectively, it was natural for the interests of shareholders is assured. On the contrary if the interests of shareholders as the biggest considerations, it is likely that the interests of the company can not guarantee.
the company must be able to cope with increasingly complex world of globalization now, because the traditional model of corporate governance ignore the changes brought by globalization. The complexity of the world does not take into account the traditional governance model, can not meet the needs of the situation.
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But China's industrial business environment worse than before, companies do industrial economy is difficult, it is easy to do financial and economic. So many Chinese manufacturers, such as Youngor, GSK Group and other businesses are biased investment. How do you view this issue?
worse when the economic crisis, like a virus all enterprises erosion of the occasion, the more desperate the need is survival of the enterprise rather than improve the function of rice, this time the company more focused on the pursuit of short-term profits rather than long-acting corporate governance reform.
Malik: before the stock market began to rebound, especially including the U.S. stock market began to rebound, many people think that the financial crisis is over, far from over, and worse yet to come. I have studied the history of all of the financial crisis, I have seen this is a bigger disaster, crisis, stock market, the beginning of a larger disaster, is far from over. So now for companies in crisis, in order to survive, there is no other way can only change their management model.
But China's industrial business environment worse than before, companies do industrial economy is difficult, it is easy to do financial and economic. So many Chinese manufacturers, such as Youngor, GSK Group and other businesses are biased investment. How do you view this issue?
Malik: First of all businesses now need to do is immediately change course, change this practice, focusing on value, focus on the production, focusing on value creation. The future of financial markets around the world there will be a big problem, at least in recent years will not recover. Then the total assets in global financial markets has shrunk at least two-thirds of the companies that are engaged in financial investment is simply no way to survive.
Recently, the topic of conversation this reporter well-known management expert Fred Hammond European Professor Ma Like (Fredmund Malik), the practice of various types of enterprises in Germany in depth, exploring effective corporate governance and patterns. With its
Recently, the topic of conversation this reporter well-known management expert Fred Hammond European Professor Ma Like (Fredmund Malik), the practice of various types of enterprises in Germany in depth, exploring effective corporate governance and patterns. With its
the company must be able to cope with increasingly complex world of globalization now, because the traditional model of corporate governance ignore the changes brought by globalization. The complexity of the world does not take into account the traditional governance model, can not meet the needs of the situation.
Malik: before the stock market began to rebound, especially including the U.S. stock market began to rebound, many people think that the financial crisis is over, far from over, and worse yet to come. I have studied the history of all of the financial crisis, I have seen this is a bigger disaster, crisis, stock market, the beginning of a larger disaster, is far from over. So now for companies in crisis, in order to survive, there is no other way can only change their management model.
Some people think to see the light. How do you see the current situation?
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