scholarly journals Corporate governance in the airline industry - evidence from the Asia-Pacific region

2016 ◽  
Vol 13 (2) ◽  
pp. 329-335
Author(s):  
Frank Scrimgeour ◽  
Rikkie Stevenson ◽  
Geeta Duppati
Keyword(s):  
Corporate Governance ◽  
Airline Industry ◽  
Poor Performance ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
The Business Cycle ◽  
Four Levels ◽  
And Performance ◽  
Airline Performance

Globally airline performance has been variable with poor performance undermining the confidence of travelers, investors, Governments and other stakeholders. Airline corporate governance is a key determinant of airline performance. However, the relationships between governance and performance is complicated by the diversity of governance arrangements surrounding airlines. This study utilizes the four level model of Scrimgeour and Duppati (2014) to analyze the strengths and weaknesses of airline governance in the Asia Pacific region. Data from firm performance and firm behavior are analyzed for a 14-year period given governance and business choices occur at all stages of the business cycle and governance decisions have impact over multiple periods. Improving trust in the airline industry requires attention to all four levels of governance in a manner consistent with national and international business contexts

scholarly journals PENERAPAN GOOD CORPORATE GOVERNANCE PADA PT. MNC INVESTAMA Tbk

2020 ◽  
Vol 1 (3) ◽  
pp. 272-286
Author(s):  
Yudi Nugroho
Keyword(s):  
Corporate Governance ◽  
Human Resources ◽  
Financial Management ◽  
Asia Pacific ◽  
Management Innovation ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Investment Companies ◽  
Good Corporate Governance

To become one of the leading investment companies in the Asia Pacific region through solid financial management, innovation, and competent human resources.” – Vision of PT. MNC Investama Tbk. Etika Bisnis dalam suatu perusahaan dapat membentuk nilai, norma dan perilaku karyawan serta pimpinan dalam membangun hubungan yang adil dan sehat dengan pelanggan/ mitra kerja, pemegang saham dan juga masyarakat. Apabila etika bisnis yang sehat merupakan sesuatu yang ingin dicapai oleh perusahaan, maka penerapan suatu prinsip Good Corporate Governanace dapat menjadi salah satu satu alat untuk mencapai etika bisnis yang baik tersebut. Penerapan Good Corporate Gobernance yang mengedepan etika dibandingkan dengan kepentingan pemilik (stakeholder dan shareholder) memang tidak mudah. Tapi ada manfaat dan tujuan yang dapat diperoleh oleh perusahaan, dimana bukan untuk tujuan yang bersifat jangka pendek tetapi bersifat jangka panjang demi keberlangsungan perusahaan. Penulisan ini bertujuan untuk mengetahui bagaimana penerapan Good Corporate Gobernance etika bisnis oleh PT. MNC Investama Tbk. Dalam berbisnis, perusahaan meyakini prinsip bisnis yang baik adalah bisnis yang dijalankan dengan beretika, dimana seluruh kegiatan bisnis harus dapat terkelola dengan baik dan sesuai kaidah-kaidah etika, sejalan dengan ea r, dan peraturan yang berlaku. Bagi Perusahaan penerapan Good Corporate Governanace dapat menjadi standar dan pedoman bagi Perusahaan, hal ini juga menjadi dasar PT. MNC Investama Tbk untuk turut menerapkan Good Corporate Governanace dalam melaksanakan setiap kegiatan operasionalnya dengan dilandasi moral yang jujur, transparan, dan menjunjung profesionalitas.

scholarly journals Corporate Governance in South Korean Laws: Some Suggestions for Vietnam

2020 ◽  
Vol 36 (2) ◽  
Author(s):  
Phan Thuy
Keyword(s):  
Corporate Governance ◽  
Legal Framework ◽  
Asia Pacific ◽  
Independent Directors ◽  
Viet Nam ◽  
Joint Stock Company ◽  
Pacific Region ◽  
Legal Systems ◽  
Asia Pacific Region ◽  
Stock Company

Having an advanced legal framework for corporate governance is always one of the most prerequisites for effective business operation of joint stock companies. Being aware of this issue, since the first enactment in 1990, enterprise law in Vietnam has been consecutively improved and newly promulgated to absorb the OECD modern principles of corporate governance and good international practices, particularly from the developed countries which have successful economic cooperation with Vietnam in Asia. This article will focus on exploring and analyzing and making comments on the legal framework and corporate structures of joint stock company regulated in Korean Commercial Code. In term of comparison with those similar elements in Vietnamese Enterprise Law 2014, the article will also make recommendations as suggestions for the improvement of corporate governance law in the country. Keywords: joint stock company, corporate governance, corporate structures, general meeting of shareholders, board of directors, independent directors. References: [1] Park JD, Korea’s Path of Development in Retrospect, trong sách Re-Inventing Africa's Development. Palgrave Macmillan, Cham 2019, (tr.180-201).[2] Jin Oh Seung, Overview of Legal Systems in the Asia-Pacific Region: South Korea, trong Overview of Legal Systems in the Asia- Pacific Region (2004). Paper 6 tại: http://scholarship.law.cornell.edu/lps_lsapr/6. (truy cập 22/2/2019)[3] Black's Law Dictionary (10th Edition), in Co, Bryan A. Garner (Chief Editor), Editor. 2014,, Thomson Reuters, tr. 312.[4] Commercial Act of Korea tại:http://law.go.kr/lsInfoP.do?lsiSeq=176698&urlMode=engLsInfoR&viewCls=engLsInfoR#0000 (truy cập 5/12/2019).[5] Commercial Act of Korea, tlđd. [6] Stock Company tại http://koreanlii.or.kr/w/index.php/Company?ckattempt=1 ( truy cập 23/2/2020).[7] Phan Thị Thanh Thủy, Bàn về tính minh bạch trong quản trị công ty cổ phần ở Việt Nam, Nghiên cứu Lập pháp, kỳ 1 tháng 1/2018, 53-55.[8] Corporate Governance in Korea, International Financial Law Review, tại:https://www.iflr.com/Article/2027067/Corporate-governance-in-Korea.html (truy cập 22/12/2019).[9] LDN 2014 gọi là trách nhiệm của người quản lý công ty cổ phần quy định tại Khoản 1 Điều 160.[10] Lucian a. Bebchuk & Assaf Hamdan, Independent directors and controlling shareholders, University of Pennsylvania Law Review, 2016. Vol. 165,(6): p.1271-1280.[11] Chun, K.H., Korea's Mandatory Independent Directors: Expected and Unexpected Roles, tại https://ssrn.com/abstract=2824303 P9-10 (truy cập 22/1/2020). August 2016,.[12] Block, D.a.G., Anne-Marie, One-Tier vs. Two-Tier Board Structure: A Comparison Between the United States and Germany, Comparative Corporate Governance and Financial Regulation. https://scholarship.law.upenn.edu/fisch_2016/1 2016, p.6 (truy cập 22/2/2020).[13] https://www.tmf-group.com/en/news-insights/articles/2019/february/external-audit-act/.[14] OECD, Nguyên tắc Đối xử bình đẳng giữa các cổ đông trong sách Các nguyên tắc quản trị công ty của OECD tại: https://www.oecd.org/daf/ca/corporategovernanceprinciples/45034702.pdf, tr. 41-47;. 2004.[15] Phan Thị Thanh Thủy, Chương 6, Pháp luật điều chỉnh hành vi kinh doanh ở Việt Nam , tr 251 – 257, trong sách Thể chế pháp luật kinh doanh Việt Nam trong bối cảnh hội nhập cộng đồng kinh tế ASEAN, Phan Thị Thanh Thủy, Chủ biên, NXB Đại học Quốc gia, 2019.[16] Dự thảo Luật Doanh nghiệp (sửa đổi) tháng 3/2020 tại http://duthaoonline.quochoi.vn/DuThao/Lists/DT_DUTHAO_LUAT/View_Detail.aspx?ItemID=1773&LanID=1811&TabIndex=1 (24/3/2020).  

scholarly journals COVID-19 and Airline Performance in the Asia Pacific region

2020 ◽  
Vol 2 ◽  
pp. 62
Author(s):  
James Peoples ◽  
Muhammad Asraf Abdullah ◽  
NurulHuda Mohd Satar
Keyword(s):  
Health Risks ◽  
Financial Stability ◽  
Asia Pacific ◽  
Economic Conditions ◽  
Pacific Region ◽  
Key Factors ◽  
Asia Pacific Region ◽  
High Productivity ◽  
Airline Performance ◽  
Empirical Approaches

Health risks associated with coronavirus disease 2019 (COVID-19) have severely affected the financial stability of airline companies globally.  Recapturing financial stability following this crisis depends heavily on these companies’ ability to attain efficient and productive operations.  This study uses several empirical approaches to examine key factors contributing to carriers sustaining high productivity prior to, during and after a major recession.  Findings suggest, regardless of economic conditions, that social distancing which requires airline companies in the Asia Pacific region to fly with a significant percentage of unfilled seats weakens the performance of those companies.  Furthermore, efficient operations do not guarantee the avoidance of productivity declines, especially during a recession.

Review of Counseling in the Asia-Pacific Region.

1995 ◽  
Vol 40 (4) ◽  
pp. 383-384
Author(s):  
Terri Gullickson
Keyword(s):  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region
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