Reference no: EM132965697 , Length: word count:1000
ACCT 6013 Corporate Governance for Managers - Southern Cross University
Assignment
1. Amazon (AMZN) - Top 5 largest companies in the World. Shares trade on the Nasdaq
Recent news:
Jeff Bezos to formally step down as Amazon CEO on July 5, Andy Jassy to take over. Once he steps down, Bezos will transition to executive chairman of Amazon's board.
The Seattle-based tech and online retail giant reported sales of $113bn for the three months between April and June - over $1.4bn a day. The figure was up from $88.9bn in the second quarter of 2020 but slightly lower than Wall Street had expected, and triggered a 5% slide in its share price in after-hours trading.
Amazon was one of the biggest winners of the pandemic as consumers switched more of their shopping online and businesses used its Amazon Web Services (AWS) cloud- computing unit to shift business online.
Amazon.com Inc. (AMZN) became the latest casualty of a tough earnings season on Friday, dropping more than 7.5% after missing Q2 2021 revenue expectations and issuing weak Q3 guidance. The e-commerce juggernaut earned $15.12 per-share, beating estimates by $2.88, while revenue grew 27.2% year-over-year to $113.08 billion, about $2 billion below consensus.
Other headlines report: The net worth of Amazon founder Jeff Bezos dropped by $13.5bn after the company reported earnings that were below the expectations of analysts.
Assignment Guidance
• Two short responses of 500-625 words each
• Maximum 1,250 words excluding reference list
• No ToC, No Executive Summary, No Conclusion needed
• Headings for each Q are fine and can help with structure
• 12pt, Times New Roman font, 1.5 spacing recommended
• Minimum 8 references. Maximum 14 References
• Minimum 4 peer-reviewed journal articles
Q1. Concentration of power:
Advantages? Disadvantages? Possible research search terms?
Recent example of concentration of power - Corporate fraud in Nasdaq listed company
- Nikola (NKLA) EV company
- former Executive Chairman of electric vehicle company Nikola, has been charged two counts of securities fraud and one count of wire fraud by a federal grand jury
Is this the result of a concentration of power?
Amazon working conditions
Q2. What is a well-balanced and effective board?
Balance?
- Director appointment
- female representation
- ethnic diversity
- leadership Effectiveness?
Tricker (2019, pp.430-431) outlines the six Cs:
- Commitment to M, V, S
- Culture - often reflected by the personal values and integrity of directors
- Collaboration - working as a team, communicating openly
- Competence - experience, skills and knowledge
- Creativity - encouraging unconventional ideas
- Contribution - achievement oriented board aiming to achieve goals and contribute to performance and position of company
Attachment:- Week 5.rar
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Effect of the convergence of technologies
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Find economic value added
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Prepare the elimination entries
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Prepare the necessary journal entries
: Prepare the necessary journal entries - On October 8, 2020, the company reissued 800 shares at a price of $29 per share
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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
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Centralization of authority and power in one person
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What is J D basis in his Clampett Inc stock
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: The company is using Economic Order Quantity model in placing the orders. What is the annual carrying costs of cheese inventory
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ACCT 6013 Corporate Governance for Managers Assignment
: ACCT 6013 Corporate Governance for Managers Assignment Help and Solution, Southern Cross University - Assessment Writing Service
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