Corporate Governance : Walmart Inc.

As details of the Enron scandal surfaced public outrage grew, calling for action, accountability and consequences. Corporate governance began receiving renewed interest. Corporate governance is a multi-faceted subject that sets forth the rules and responsibilities of the relationship between the corporation and its stakeholders (Cross & Miller, 2012). This includes the company’s officers and management team, the board of directors, and the organizations shareholders.

The analysis carried out with the help of McKinsey's 7-S Framework shows that Wal-Mart has instituted effective business management policies and strategies to keep its market leadership intact and gain a competitive edge over other competitors. The business strategies, staffing policies, skills development, leadership styles, organizational structure, and organizational culture; all business affairs, activities, and strategies are aligned with

The company I am reviewing for this research paper is Walmart. Walmart is a global company that originated in the 1960’s by its founder Sam Walton. Mr. Walton opened his “first retail store in Rogers, Arkansas in 1962” (Walmart Corporate). The current “home office is located in Bentonville, Arkansas” (Walmart Corporate). In 1991 Walmart became a “global company when it opened a Sam’s Club in Mexico City, Mexico” (Walmart Corporate). As of this year “Walmart employs 2.2 million associates worldwide and serves more than 200 million customers each week at more than 11,000 stores in 27 countries” (Walmart Corporate).

Corporate governance is the rules in which companies are controlled. This governance essentially balances the

Business level strategies Strategies Use of the strategies Low prices Making an inception in the consumers mind with facts that they have the best price deal in the market. Convenience store Creating stores with 200 000 square feet or less, building with this stores a mix market side and neighborhood market concept. Example of this are the store formats of discount stores and neighborhood markets that the company have. Big box Creating big stores with 50 000 squares feet or more, building a single open door stores where the consumers can find every single thing they want.

“Yes dear? What do you have to tell me?” Mary worriedly exclaimed. She looked around into the dimly lit lamp light of the living room. Mary sat down in stiffly onto an old armchair. Patrick got up and walked over to the table and drank straight out of the bottle of whiskey, he then sat back down.

Corporate governance refers to ‘the ways suppliers of finance to corporations assure themselves of getting return on their investment’ (Shleifer and Vishny, 1997: 736). Corporate governance discusses the set of systems, principles and processes by which a

Corporate governance is a set of actions used to handle the relationship between stakeholders by determining and controlling the strategic direction and performance of the organization. Corporate governance major concern is making sure that the strategic decisions are effective and that it paves the way towards strategic competitiveness. (Hitt, Ireland, Hoskisson, 2017, p. 310). In today’s corporation, the primary objective of corporate governance is to align top-level manager’s and stakeholders interest. That is why corporate governance is involved when there is a conflict of interest between with the owners, managers, and members of the board of directors (Hitt, Ireland, Hoskisson, 2017, p. 310-311).

Statistics show that about 69,975 people were refugees and had entered the United States in the year of 2014. Most of them were shown from the following countries: Iraq, Burma, Somalia, and Bhutan (Mossaad 1). Over the years, the United States and other countries have tried many ways to block out the immigrants from coming into the countries but none of the laws or restrictions have stop the immigrants from coming in completely. At this time, President Obama said, “the amount of people crossing the border illegally is at its lowest since the 1970’s”. That must mean America is doing something right. The current US Immigration policies should not be reformed because the United States government is putting

Corporate governance in itself has no single definition but common principles which it should follow. For example in 1994 the most agreed term for corporate governance was “the process of supervision and control intended to ensure that the company’s management acts in accordance with the interest of shareholders” (Parkinson, 1994)1. Corporate governance code is not a direct set of rules but a self-regulated framework which businesses choose to follow. This code has continued to change in the past 20 years in accordance with what is happening in the business world. For example the Enron scandal caused reform in corporate governance with the Higgs Report which corrected the issues which were necessary. Although it does not quickly fix problems, it gives a better framework to

Corporate governance can be defined as the process, customs, laws by which the affairs of a company are managed and controlled it also

Walmart is considered as the biggest retailer in United State and opening widely to over the world recently. The priority condition for its success firstly is come from the outstanding players of the corporate governance such as Board of directors and Activist Shareholders. These all creative and responsible leaders are required to possess ability for risk-taking willingness and control in order to govern company. In addition, the activist shareholders actively raise their voice in the policies and strategies’ approval. All in all, the excellent corporate governance they made ensures an accountable and integrity system operated.

It is the responsibilities and practices exercised by the board of directors and senior management of an organization. It aims to achieve:

• Better Standards - Corporate governance makes many decisions about business operations, but one of the most important decisions involves corporate standards. Standards affect the quality of products and the goals that the business has in technology, customer service, and marketing. The combined efforts of the business leaders allows the company to accurately judge competition and create standards that add value to the business's products or services.

After fifty-two days of working, Nehemiah and his people had completed the wall. Nehemiah set up the doors of the wall and he was ready to arrange all the people who came up out of captivity from the land of King Nebuchadnezzar. When the people of Israel were all together in their towns, they asked to the scribe Ezra to read the Book of the Law of Moses. Public reading was a common practice in the ancient Near East, because of the lack of accessibility to written material.