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Consider the common problems with project cost estimation and recall a project with which you have been involved. Which of these common problems did you encounter most often? Why?

 

Consider the common problems with project cost estimation and recall a project with which you have been involved. Which of these common problems did you encounter most often? Why?

Sample Solution

Brett McDonnell goes on to note that “in Germany there are wealthy individuals and families who are blockholders, and Japan has a series of cross holdings among related groups of firms, and generally, the norm is that companies are run in the interests of both shareholders and employees.” There is generally weaker shareholder protection by corporate laws.
The regulatory systems found in market based systems are not as fully developed in the insider system. Taking the German example, it did not have a national securities regulator until recently, with the function being exercised by the state or being left to the exchanges. Regulatory policy functions by prohibiting speculative activity rather than insisting on strong disclosure. The disclosure requirements are more for the creditors than they are for shareholders.

As has been stated earlier on, the OECD Principles seek to harmonise corporate governance practice amongst OECD and non OECD countries, and the Principles themselves are heavily steeped towards the Anglo American model of corporate governance. The question then is whether the Principles aid convergence towards the Anglo American model. The debate as to whether there is need to move towards a particular model of governance has dominated academia for quite long time. What is clear is that throughout history, the pendulum has swung between the two main systems depending on the economic performance of the countries using each system. The debate has mainly turned on efficiency, that is, on establishing which system is more competitive than the other and therefore preferable.