Corporate Governance - What do shareholders really value?
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- čas přidán 18. 12. 2011
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Can corporations' relentless focus on maximising shareholder wealth actually harm investors? UNSW's Centre for Law, Markets and Regulation presents Prof Lynn Stout, the Paul Hastings Distinguished Professor of Corporate and Securities Law at UCLA, in the second seminar of the series "In Who or What Do We Trust?"
Lynn Stout has been described as "the closest thing to a rockstar in corporate governance". Professor Stout advocates the end of shareholder primacy where public corporations belong to their shareholders and firms exist for one purpose only - to maximise shareholder wealth. However, modern corporate practice needn't be this way. Professor Stout argues that shareholder value thinking actually harms investors, over time and as a class.
The CLMR in association with Allens Arthur Robinsion and the Centre for International Finance and Regulation is delighted to welcome Professor Stout to lead the second seminar in the series 'In Who or What Do We Trust.'
The lecture is followed by a panel discussion moderated by Professor Justin O'Brien, Director of the CLMR. Panelists include:
- Professor David Vines, Professor of Economics at the University of Oxford;
- Mr Greg Medcraft, Chairman, Australian Securities and Investments Commission;
- Mr John Colvin, CEO, Australian Institute of Company Directors;
- Professor Seumas Miller, Professor of Philosophy, ANU;
- Mr John Morgan, Partner, AAR
For more info on UNSW's Faculty of Law please visit the website: www.law.unsw.edu.au/
we need people to think more like her... this will make business a more fair play sector..
Firstly I respectfully salute the person who invented the Principle of Democracy and firstly thought about the politics via public for public and to public towards public, then I salute the Constitution of the Government of the Respective Nation where the conference was made, then I salute my nation and constitution where I was born and then the Salute to the all dignitaries of the above Corporate Governance - What do share holders really values? titled conference.
Further the Corporate Governance- is the term of the concepts of the governance of the Come + Pany= To come in a roof for the survivals and for a definite projected task or Vision Mission and motives in accordance with the code of ethics,conducts,corporate governance, and implied human values with certain product or services either in the Public sector company pattern or in the private sector company pattern with the non profit motives / revenue or for the Profit Motives-only for the targeted stake holders either in implied or expressed manner.
Today in public sector the common man is not aware as a stake holder of the company and is not able to claim his stakeholder values in the developing countries,
Vinay Kumar Verma,
B.COM, M.COM(MANAGEMENT), MBA(FINANCE)
STUDENT CHARTERED ACCOUNTANT-COMPANY SECRETARY-COST & MANAGEMENT ACCOUNTANT Since 2007,
PH.D. Researcher-CRITICAL NEW INNOVATIONS IN MUMBAI (GLOBALIZED CUM UNIVERSALIZED) SECURITY MARKET THROUGH VENTURE CAPITAL
VCSSGOC UNIVERSAL
SGOC USI PUBLICATION
CHARTERED UNIVERSAL RATINGS START UP PROJECT
UIIAIFRFTL'S DRAFTSMAN
WWW.VCSSGOC.WEBS.COM
91 8962673494
Great Professor . Admirable
This is a great lecture. Shareholders only own a contract with the corporation which we know is its own separate legal entity, just like a person. Nobody legally owns a corporation just like nobody can legally own a person.
Benjamin Oppici Companies are owned trough shares 🤦♂️
@@MrEmptyfuel Not always. If they're non voting shares there's no ownership at all.
Thank you so much to share this content with us. This is very good!
Firstly I respectfully salute the person who invented the Principle of Democracy and firstly thought about the politics via public for public and to public towards public, then I salute the Constitution of the Government of the Respective Nation where the conference was made, then I salute my nation and constitution where I was born and then the Salute to the all dignitaries of the above Corporate Governance - What do share holders really values? titled conference.
Further the Corporate Governance- is the term of the concepts of the governance of the Come + Pany= To come in a roof for the survivals and for a definite projected task or Vision Mission and motives in accordance with the code of ethics,conducts,corporate governance, and implied human values with certain product or services either in the Public sector company pattern or in the private sector company pattern with the non profit motives / revenue or for the Profit Motives-only for the targeted stake holders either in implied or expressed manner.
Today in public sector the common man is not aware as a stake holder of the company and is not able to claim his stakeholder values in the developing countries,
Vinay Kumar Verma,
B.COM, M.COM(MANAGEMENT), MBA(FINANCE)
STUDENT CHARTERED ACCOUNTANT-COMPANY SECRETARY-COST & MANAGEMENT ACCOUNTANT Since 2007,
PH.D. Researcher-CRITICAL NEW INNOVATIONS IN MUMBAI (GLOBALIZED CUM UNIVERSALIZED) SECURITY MARKET THROUGH VENTURE CAPITAL
VCSSGOC UNIVERSAL
SGOC USI PUBLICATION
CHARTERED UNIVERSAL RATINGS START UP PROJECT
UIIAIFRFTL'S DRAFTSMAN
WWW.VCSSGOC.WEBS.COM
91 8962673494
3:18 hahahah my man checking out the new sauce in row one
شكرا
current stock price is arrived at through market confidence in the firm. investors aren't stupid and they do their homework to figure out which firms are heading in the right direction, probably better than the actual board which has clouded judgment because they are evaluating their own work. yes the directors often not ceo/executives, but they know them personally and directors see themselves as guiding ceo/executives so that's why it is their own work.
In February 2019, an Argo shareholder issued a press release in which it alleged, among other things, the misuse of Argo assets by Watson, including undisclosed personal usage of corporate aircraft. On April 12, 2019, during a proxy contest with this shareholder in connection with Argo’s May 2019 annual shareholders meeting, Argo filed a definitive proxy statement that failed to disclose over $1 million worth of perquisites, including over $230,000 related to Watson’s use of corporate aircraft. From 2015 through 2019, Argo incorporated its definitive proxy statements into its annual reports by reference. From 2014 through 2018, Argo incorrectly recorded payments for the benefit of, and reimbursements to, Watson as business expenses, and not compensation. As a result, its books, records, and accounts did not, in reasonable detail, accurately and fairly reflect its disposition of assets. In addition, Argo failed to devise and maintain internal accounting controls relating to payments for the benefit of, and reimbursements to, Watson that were sufficient to provide reasonable assurances that transactions were recorded as necessary to maintain the accountability of assets. These failures included, for instance, a practice of providing expense reimbursements to Watson without requiring an adequate explanation of a business purpose for the expense, allowing Watson to approve his own expense reimbursement.
Mr. Watson's Personal Chariot
Make: Gulfstream: 5
Registration Number: N17ND
Serial Number: 518
Lessor: Jetaway Air Service of Muskegon, MI
Monthly Payment: $ 175,000
Hourly Reserve Payment: $ 1,250
Average Monthly Payment to Jetaway Air Services (based on recorded flight hours) $250,000 to $300,000 (note: figure does not include crew salaries, airport fees, insurance, and fuel) 4 to 5 million expensed to Argo shareholders each year for the exclusive use of Mark Watson's Personal Chariot - G5.
Great speech, but unlikely to motivate corporations to care for long-term growth as people inherently care for themselves and only others of their interests.
David Vines was great here
Where can I buy the book they're talking about?
sgoc usi publication
Truth and they declare I’m die . And all my car they take my home . What kind of people like them
I pay car has I pay everything then this they remove my heath insurance I can’t not approve my loan
I would start my investment's in CFD's, Or Contracts For Differnce's.
Then look into the value of CFD's & Bond's.
Firstly I respectfully salute the person who invented the Principle of Democracy and firstly thought about the politics via public for public and to public towards public, then I salute the Constitution of the Government of the Respective Nation where the conference was made, then I salute my nation and constitution where I was born and then the Salute to the all dignitaries of the above Corporate Governance - What do share holders really values? titled conference.
Further the Corporate Governance- is the term of the concepts of the governance of the Come + Pany= To come in a roof for the survivals and for a definite projected task or Vision Mission and motives in accordance with the code of ethics,conducts,corporate governance, and implied human values with certain product or services either in the Public sector company pattern or in the private sector company pattern with the non profit motives / revenue or for the Profit Motives-only for the targeted stake holders either in implied or expressed manner.
Today in public sector the common man is not aware as a stake holder of the company and is not able to claim his stakeholder values in the developing countries,
Vinay Kumar Verma,
B.COM, M.COM(MANAGEMENT), MBA(FINANCE)
STUDENT CHARTERED ACCOUNTANT-COMPANY SECRETARY-COST & MANAGEMENT ACCOUNTANT Since 2007,
PH.D. Researcher-CRITICAL NEW INNOVATIONS IN MUMBAI (GLOBALIZED CUM UNIVERSALIZED) SECURITY MARKET THROUGH VENTURE CAPITAL
VCSSGOC UNIVERSAL
SGOC USI PUBLICATION
CHARTERED UNIVERSAL RATINGS START UP PROJECT
UIIAIFRFTL'S DRAFTSMAN
WWW.VCSSGOC.WEBS.COM
91 8962673494
I did a double take. One of those panelists is a spitting image of Larry Summers
take away: Prof David Vines took Prof Lynn Stout (first speaker) out to dinner. That's the real story! What happened after the dinner?
1:36:39 if only this extended to U.S. congressmen and senators..
we are/will serving the US Congress and Senate.
Firstly I respectfully salute the person who invented the Principle of Democracy and firstly thought about the politics via public for public and to public towards public, then I salute the Constitution of the Government of the Respective Nation where the conference was made, then I salute my nation and constitution where I was born and then the Salute to the all dignitaries of the above Corporate Governance - What do share holders really values? titled conference.
Further the Corporate Governance- is the term of the concepts of the governance of the Come + Pany= To come in a roof for the survivals and for a definite projected task or Vision Mission and motives in accordance with the code of ethics,conducts,corporate governance, and implied human values with certain product or services either in the Public sector company pattern or in the private sector company pattern with the non profit motives / revenue or for the Profit Motives-only for the targeted stake holders either in implied or expressed manner.
Today in public sector the common man is not aware as a stake holder of the company and is not able to claim his stakeholder values in the developing countries,
Vinay Kumar Verma,
B.COM, M.COM(MANAGEMENT), MBA(FINANCE)
STUDENT CHARTERED ACCOUNTANT-COMPANY SECRETARY-COST & MANAGEMENT ACCOUNTANT Since 2007,
PH.D. Researcher-CRITICAL NEW INNOVATIONS IN MUMBAI (GLOBALIZED CUM UNIVERSALIZED) SECURITY MARKET THROUGH VENTURE CAPITAL
VCSSGOC UNIVERSAL
SGOC USI PUBLICATION
CHARTERED UNIVERSAL RATINGS START UP PROJECT
UIIAIFRFTL'S DRAFTSMAN
WWW.VCSSGOC.WEBS.COM
91 8962673494
And they don’t say what asset right how barrow who have home cat what kind business. I work very hard carrgevrt ether I’am disabilities
That lady is definitely Bill Whittles sister. She's really smart, at first I felt threatened by a woman being so smart but then I was like, wait she's a commie like all other women, okay.. But then I was like wait she is on to some stuff. In only 1/2 way through so I'll go back now for the chilling conclusion.
My payments they cuts my god what kind this people
Good speach, but the problem is, she did not criticize the concept of VALUE Based Management, but rather its distorted cousin - Current Share PRICE (not value) Based Management. Current / short term PRICE maximization at all costs shall not be mistaken for long term VALUE maximization - they are different species. The former is the bastard of the latter. Unfortunately corporations, despite claiming being run acc. to VALUE creation priciples, are actually run with current stock price in mind.
God what kind peoples then my car I pay 18 % lord why I never I need yo know how much the money how many employees
Firstly I respectfully salute the person who invented the Principle of Democracy and firstly thought about the politics via public for public and to public towards public, then I salute the Constitution of the Government of the Respective Nation where the conference was made, then I salute my nation and constitution where I was born and then the Salute to the all dignitaries of the above Corporate Governance - What do share holders really values? titled conference.
Further the Corporate Governance- is the term of the concepts of the governance of the Come + Pany= To come in a roof for the survivals and for a definite projected task or Vision Mission and motives in accordance with the code of ethics,conducts,corporate governance, and implied human values with certain product or services either in the Public sector company pattern or in the private sector company pattern with the non profit motives / revenue or for the Profit Motives-only for the targeted stake holders either in implied or expressed manner.
Today in public sector the common man is not aware as a stake holder of the company and is not able to claim his stakeholder values in the developing countries,
Vinay Kumar Verma,
B.COM, M.COM(MANAGEMENT), MBA(FINANCE)
STUDENT CHARTERED ACCOUNTANT-COMPANY SECRETARY-COST & MANAGEMENT ACCOUNTANT Since 2007,
PH.D. Researcher-CRITICAL NEW INNOVATIONS IN MUMBAI (GLOBALIZED CUM UNIVERSALIZED) SECURITY MARKET THROUGH VENTURE CAPITAL
VCSSGOC UNIVERSAL
SGOC USI PUBLICATION
CHARTERED UNIVERSAL RATINGS START UP PROJECT
UIIAIFRFTL'S DRAFTSMAN
WWW.VCSSGOC.WEBS.COM
91 8962673494
Then they track my phone
i'd rather get 30x-50x on my investment over 10 years, than 5x in 12 months which then collapses. sure, sure, of course, of course.
We sleeping in car more than month
That’s why all the parts my life they make miserable
Since 2003 I work double job then my tittle 3 times they changed my tittlr
1:37:00 This guy is full of it. It's not about having "lots of laws" and "getting the best people". What if the quality of all your laws is shit, and you don't enforce them? Then everyone is incentivized to cheat.
I have 360 in mrdcatr they take
faith in humanity (or rather sanity in academia) is restored beginning from 34:17. the woman is an idiot who misrepresents the shareholder value theory (shareholders only want share price to increase in the short term), slanders milton friedman, creates lots of strawmen, spouts nonsense about corporate charter's purposes clauses, makes non-sequitur conclusions, etc.