ACCT 6013 Corporate Governance for Managers Assignment

Reference no: EM132965693 , Length: word count:1000

ACCT 6013 Corporate Governance for Managers - Southern Cross University

Assignment 1

Case study: Amazon: president, CEO, and chair

Amazon was started by Jeff Bezos as an online bookseller from his home in Seattle, Washington State. He had previously been vice-president of a Wall Street firm. In July 1994, Bezos incorporated a company in the US state of Washington called Cadabra (from the conjuring phrase ‘abracadabra'). A year later, he incorporated Amazon in the state of Delaware, a state with friendlier companies legislation and company courts. The Cadabra business was backed into the new company.

Amazon then diversified with CDs, videos, and software, adding the downloading and streaming of film, and Kindles and other e-readers when the technology became available. But Amazon's great strength lay in its mastery of cloud computing, allowing it to offer infrastructure worldwide with merchandising platforms for its own and other companies' products. Amazon provides several websites in the USA, and others in Australia, Brazil, France, Germany, Holland, India, Japan, and elsewhere. Amazon is the largest retailer in the United States, by market capitalization, having over-taken Walmart since 2015.

Corporate governance at Amazon
Amazon's website has a lot of corporate governance information on its investor relations home page including:
• financial reports;
• SEC filings;
• shareholder letters (including the founder's comments on corporate philosophy and policies);
• press releases on investor matters;
• shareholder webcasts and a webcast archive.
• The founder and other owners connected with him maintain their control over the company with a class of shares that have dominant voting rights.
• The board has twelve members and three standing committees:
• audit committee;
• nominating and corporate governance committees;
• leadership development and compensation committee.

On Wednesday 26 May 2021 Jeff Bezos has announced at the company's annual shareholder meeting that he will formally step down as Amazon CEO on July 5 2021. Andy Jassy, Amazon's cloud-computing boss, will take over Bezos' role.
Discussion questions:
1. Jeff Bezos has the title of president, chief executive officer, and chairman of the board. Some of the members of his board also carry multiple titles such as chairman, president, and CEO. Discuss the advantages and disadvantages of such centralization of authority and power in one person.
2. Does Amazon have a well-balanced and effective board? Provide your evaluation and comments.

Assignment 2

1. Amazon (AMZN) - Top 5 largest companies in the World. Shares trade on the Nasdaq

Reference no: EM132965693

Questions Cloud

What is a well-balanced and effective board : What is a well-balanced and effective board - former Executive Chairman of electric vehicle company Nikola, has been charged two counts of securities fraud

Centralization of authority and power in one person : Case study - Amazon: president, CEO, and chair - Discuss the advantages and disadvantages of such centralization of authority and power in one person

What is J D basis in his Clampett Inc stock : Clampett, Inc. distributed $78,000 to J. D. His basis in his Clampett, Inc. stock on January 1, 2019, was $39,000. What is J D basis in his Clampett Inc stock

What is the annual carrying costs of cheese inventory : The company is using Economic Order Quantity model in placing the orders. What is the annual carrying costs of cheese inventory

ACCT 6013 Corporate Governance for Managers Assignment : ACCT 6013 Corporate Governance for Managers Assignment Help and Solution, Southern Cross University - Assessment Writing Service

Mintzberg study showed that front-line managers : Mintzberg's study showed that front-line managers (like small business owners) averaged 583 activities per eight-hour day. What do you think are two of the mana

Key elements of the culture of zappos : Describe the history and key elements of the culture of Zappos and explain why these cultural elements are essential to its success. Be sure to apply the backgr

What do you understand by fiduciary duties of accounting : What do you understand by "fiduciary duties" of accounting/ audit/ finance professionals? Using an example, explain consequence of failing to meet such duties

Explain intelligent loss of sales : Explain "intelligent loss of sales". What limitations does this cause to Costco

User Account

All Pages