formance of business- A study on Marks and Spencer”
- To identify role of corporate governance policies and practices in an organization
- To determine relationship between stakeholder relationship and financial performance of business
- To recommend how corporate governance policies can be implemented within Marks and Spencer
1.5 Research Question
- What is the role of corporate governance, policies and practices in an organization?
- What is the relationship between stakeholder relationship and financial performance of business?
- How corporate governance policies can be implemented within Marks and Spencer?
1.6 Structure of research
This part describes overall structure of an assignment under which a research is going to be carried out. It provides actions which are needed to be completed by project-makers for improving and increasing effectiveness of a research (Bainbridge, 2016). Therefore, in this regard, structure of present research can be described in following manner:-
Chapter 1: Introduction- This is the most important part of research which includes overview of project and organisation which is undertaken for the same. It entails main purpose behind conducting an investigation. In addition to this, it also consists specific aims and objectives, on which entire research is based.
Chapter 2: Literature review- Under this part, secondary sources are taken to analyse the perception of different authors and experts, who have already conduct research on same topic. For this purpose, articles, books and journals have been accessed to collect relevant information on chosen case study.
Chapter 3: Research Methodology- This part of research describes methodologies by which project-makers can gather adequate amount of data. It includes primary and secondary sources which helps in collecting specific information in precise manner.
Chapter 4: Critical Data Analysis- It shows a critical discussion on information which has been gathered under primary and secondary research. Here, discussion is made through view point and perception of different authors in critical manner.
Chapter 5: Recommendation and Action Plan- Here, specific suggestions are provided under recommendation part to a company, for resolving its issues. It provides ways by which a corporation like M&S can enhance its reputation and improve its corporate governance policies. Furthermore, it also highlights action plan which is used to conduct entire activities of chosen research.
CHAPTER 2: LITERATURE REVIEW
2.1 Role of corporate governance policies and practices
According to Bainbridge, (2016) corporate governance is the most significantly visited themes in the organizations. It is also managed and control the overall accountability of organization in proper manner.An effective corporate governance has been required the directors that could be maintain the procedure and practices of companies in proper manner. It encompasses that the executive members reporting to the broad members and aware about the daily operation that performed in the organization. On the other hand, Accountability is an essential for corporate governance to divided into the top level and lower level executive in the firm that help for maintain the entire system of checks and balances in effective manner. As per the view of Bainbridge, (2016) all the members of executive board will be having ethical duty in way of making decision which will be based on best interest of stockholders. However, corporation will be having ethical duty in protecting social welfare of others including all stakeholders and greater community as well.
Most of the people believes that companies whether it is large, medium or small establish their business with the help of many stakeholders so that maximum benefits can be availed. Apart from this, reality is that for operating business in an effective manner good governance plays a crucial role because its positive impact can be seen in the performance of an individual working in an organisation. “Corporate Governance” is single handedly a very wider concept and it 