The Success Or Failure For The Walt Disney Company Essay

1. Introduction 1.1 Objective of Case Study The objective of this case study is to discuss about how the success or failure for The Walt Disney Company apply several corporate government theories and corporate board management to their organisation. 1.2 A - Definition of Corporate Governance Corporate governance is the internal and external framework of verification and counterbalance to the organisation. This framework ensures that accountability discharge to all their stakeholders by an organisation. Meanwhile, at all areas of the business activity, the organisation should act in a socially responsible way. (Solomon, 2013) Corporate governances can explain and analyse by different theories. Each theory is a litter different manner, different language and views of corporate governance from a different possible (Solomon, 2013).Currently, the agency, stakeholder and stewardship theory are commonly being applied to corporate government. 2. Theories of Corporate Governance 2.1 Agency Theory Agency theory is company management (also call as the agent) being delegated day-to-day decision-making for a company by the principal which is the owners or shareholders. In addition, the main objective of company management is to maximise owners’ wealth or goals. The agency theory is used to lead and overcome to the notorious agency problem. The agency problem is that the company management only follows their way to maximise their own interest instead of maximising owners’Show MoreRelatedDisney Theme Park1135 Words   |  5 Pagesthink motivated Disney to set up parks abroad, and what might be the pros and cons from the standpoint of the Walt Disney Company? Ans: The Walt Disney Company also known simply as Disney is the largest media and entertainment conglomerate in the world. 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