The role of legal systems in corporate governance Essay

The role of legal systems in corporate governance - Essay Example A Legal system is composed of a constitution, the different types of legislative bodies and legislation that is done by subsidiary law-making bodies like county authorities that carry out legislative duties such as the creation of by-laws (Brealy et al, 2007). Most legal systems in the world have two different branches that include civil law that deals with the law of torts, divorce law and the common law branch that deals with the commission of crimes and felonies. The judiciary is used for the determination of cases that fall in both civil and criminal law. The laws that deal with the collection of taxes and the administration of the tax laws fall under tax laws. Corporate governance has the stewardship approach where management is viewed as the stewards of the organization in terms of the asset management and employment as well as deployment of such assets in a manner that is consistent with the overall strategy of the organization (Enneking, 2012). It also sets out the accountability of the company towards the relevant authorities. Most companies are required to have a document setting out the corporate governance structure and policy. Corporate governance also entails the management of challenges that arise from separation of an entity’s ownership and its control. This discussion will focus on various issues; to begin with it will provide elaborate information in regard to the impacts of legal systems on corporate governance. Moreover, it will attempt to describe the effects of these systems on monitory unions and MNE firms. Background information shall also be provided that delve with legal systems as well as corporate governance. Legal systems affect almost every aspect of the society; one of the societal aspects that is affected by these systems is corporate governance. It is therefore crucial to research and determine the effects of legal systems on corporate governance

Juvenile Justice Coursework Example | Topics and Well Written Essays - 250 words

Juvenile Justice - Coursework Example Prosecuting children and adolescents in the adult systems undermined justice. Following the pressures from various interest groups, the American legal system inextricably codified the views of stakeholders. The American legal system contains treaties with the interpretation that aim to protect the rights of children and adolescents. It exemplifies that the judicial systems must observe human rights of children and youths with a guarantee. In this respect, corpus juris is a source of legislation that establishes the codes of the subject of protection of adolescents and children. Delinquency has become inherently difficult to measure. Though criminal scientists have devised a means of measuring it such as self-reports, still there are definite drawbacks that these methods depict. The fault of the approach lies in data collection method and the reliability of the data. It is unlikely for the juveniles to provide truthful information about their delinquency to strangers. A juvenile may also forget, miscomprehend, lie or distort what transpired. For example, a self-report survey asks youths about their criminal behaviour and participation in delinquent activities over time. The researcher may request respondents to indict the number of times they have involved themselves in a number of offences such as forgery, weapon violation, gambling, or fighting. The options may be: Never, 1, 2-5, 6-9 and 20 or more. While some may forget and indicate a smaller number, some may exaggerate. The error leads to inaccuracies in the process of trying to measure