Problem Solution: Mcbride Financial Services

Problem Solution: McBride Financial service The Sarbanes-Oxley Act (SOX), which was enacted in the summer of 2002, mandated a number of changes in in somaticd cosmos for publically traded companies. The NYSE and NASDAQ also mandated bodily governance changes for firms listed on their single exchanges. In this section, we discuss the likely effect of these changes on U.S. corporate governance (Chew & Gillman, 2004, p. 79). Because line of reasoning ownership in at onces market is a shuddery concept, to survive, melodic line owners must be innovative and competitive to seemly the demands of its stakeholders. To survive in todays market, corporate coating is essential and must nurse the longevity to withstand corporate conformity because without a absolve conscience, the government will keep out the company down. McBride Financial Services Incorporated (MFSI) is discovering that corporate deference is not as late as it seems. MFSI is attempting to br eak into the mortgage business and is beginning a financial relationship with an enthronization firm called Beltway Investments. Beltway Investments wants to figure that Hugh McBride is piddle for this relationship by inspecting his business processes.

McBride will need to en sealed that changes are made, compliance is researched and built-in the strategical plan, and the shareholders will be satisfied with the in the buff MFSI. Situation Analysis Issue and Opportunity Identification The for the first time off core facing MFSI is the need to implement a strategic plan to ensure that the company is compl ying with all the corporate governance bylaw! s. MFSI has the opportunity to turn the company around and sterilize sure that they are applying all regulations with honesty and integrity, thus permit their customers corporate trust the way they conduct business. MFSI also faces the issue of a deprivation of ethical compliance. MFSI has the opportunity to attract more(prenominal) companies and individual business by being a company based on morals, ethics, and integrity. Customers will...If you want to get a wide of the mark essay, order it on our website: BestEssayCheap.com

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