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 corporated invention for publically traded companies. The NYSE and NASDAQ also mandated corporate 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 scarey concept, to survive, transaction owners must be innovative and competitive to get word the demands of its stakeholders. To survive in todays market, corporate tillage is essential and must nurse the longevity to withstand corporate form because without a absolve conscience, the government will keep out the family down. McBride Financial Services Incorporated (MFSI) is discovering that corporate contour is not as late as it seems. MFSI is attempting to brea k into the mortgage business and is beginning a financial relationship with an investment funds 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 sensitive MFSI. Situation Analysis Issue and Opportunity Identification The rootage off publicise facing MFSI is the need to implement a strategic plan to ensure that the company is complying with all the corporate governance bylaws. MFSI has the opportunity to turn the company around and institute 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 to a greate r extent companies and individual business b! y being a company based on morals, ethics, and integrity. Customers will...If you want to get a adequate essay, order it on our website: BestEssayCheap.com

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