The most important lesson that the first speaker has shared upon us is the fact that we should learn to apply the golden rule.
Of the various subjects covered, more information would be required on the various corporate strategic direction needed by project managers for application in context of project program. Larger board size is associated with a separate chairman and CEO, as well as relationships with greater proportion of outside directors.
However, the redistribution from richer to poorer areas needs to be undertaken by the central government due to the limited internal resources of local governments Smoke, Latham, M.
Board Composition and Corporate Performance, Vol 11 3 : The golden rule is a two-way process and it is a relationship which involves both sides of the party in an equally manner.The most important lesson that the first speaker has shared upon us is the fact that we should learn to apply the golden rule. The Corporate Monitoring Firm. Journal of Finance and Banking. In every adventure, beautiful memories can never be made and be remembered if in the first place we have never really love what we were doing. Latham, M. We have achieved our own success with the pride and glory because we know that we have done it properly and in a manner that we have associated it with the golden rule. Related Papers. The project decisions made by the governing body for each project should reflect the strategic goals of the project for which funds and other resources have been mobilized to achieve. Most of the companies had outside directors, only having 6 companies to have fully internal boards. Social responsibility should be evident in each and every one of us because as citizens of our nation we should take part in being a socially responsible individual. There is a blurred distinction between deconcentration and devolution yet their policies are seen as mutually exclusive by many scholars.
It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. This was illustrated in a study of listed firms in Turkey, with stock performance declining for companies with larger boards.
As a student I should bear in mind that good governance and social responsibility is not just a phrase that should be memorized but it should be heartfelt and we should learn to recognize the burden that is correlated with such words.
The considerably substantive argument would be to state that, the skilled manpower available for project governing could be overwhelmed with increased number of project management opportunities. As the project environment changes, it is important that the governance model changes appropriately to accommodate these changes for the goals of delivering the project successfully.
Introduction Governance in project management is an operation in continuum from the inception of the concept through the various milestones, to project operation and benefit delivery. I know for a fact that ethics is an essential factor in attaining good governance and becoming an individual with the knowledge of a socially responsible person.
The Golden Rule or ethic of reciprocity is a maxim, ethical code or morality which essentially states that One should treat others as one would like others to treat oneself.