Public Sector Management Essay Example | Topics and Well Written Essays - 2500 words

Public Sector Management - Essay ExampleThe human beings sector company I am going to speak about is one of the prominent companies in the Caribbean region, the name of which has been asked not to be revealed. During the work in this company, I have become the witness of the mood the corporate regime was performed. According to the information I had been by my colleague, the process of implementing new corporate governance strategy has been implemented since the year of 1981, when the word combination corporate governance has not yet been implemented and has been known hardly to a few people. The need in implementing this strategy lied in the fact that the government has been veneer the necessity of merging this everyday sector company with another one, which put under the threat the incoming of many workers. Thats why the dialog box of Directors decided to combine various corporate governance initiatives. The first quantity in implementation of the governance initiatives was the issue of the limited stock meant for the managers of the company as a realm of their employment contract. Through this step the Board sincerely hoped that this would unite the managers with the company and would encourage them work for the clear of this company, with building impregnable and long-term relations with the key shareholders. This set of initiatives was later followed by the granting the tag-along rights to all shareholders. From the critical point of view, tying the managers to the company as its shareholders may both work for the benefit and for the failure of the company. On the one hand - making managers shareholders of the company they work in may really encourage them for best achievements on the other hand, people dont always understand the importance of being a shareholder, which means that not all workers, becoming shareholders will display better working results. However, it is very important for the managers to create solid relations with the investo rs and shareholders, which means that being a shareholder themselves will only help them in this process. The Board of Directors has implemented a new capital share structure. This new structure allowed involving the minority shareholders to the governance process, which too assisted in maintaining the new capital share structure. The governance structure of the company described, seek to range the interests of the administrator employers and the shareholders. The main guidance of the corporate governance of the company lies in the belief that effective clay of governance supports the confidence of the shareholders and becomes a proper basis for the correct functioning in any public sector. It does not matter, whether the enterprise belongs to the public or private sector. These laws are applicable to all spheres of business. For example, one of the more or less effective steps in improving corporate governance was equalizing the dividend treatment between the preferred and the popular shareholders. In this process to align the interests of the shareholders and the executives made the Board of the company establish a system of executive compensation which has been closely connected with the shareholder value creation. Since the year 2000, the bonuses which the executive workers received in their frequent process of work, has been closely