PLEASE RESPOND TO THIS, I MUST COMPLETE A PEER REVIEW ON THE BELOW. Thanks

Please demonstrate critical thinking abilities. No fewer than 250 words for post. Do not summarize the post and/or course concept(s), but perhaps comment on concepts directly applicable to your workplace.

For this response, should outside sources be used to support the content within the postings, proper in-text citations and correctly formatted references should be prepared consistent with the APA (6th edition). The list of references should be physically positioned at the end of the postings.

Price Waterhouse Coopers (PWC) is one of the leading organizations in the audit, tax and risk industry in terms of corporate governance (Raut, 2010). The company’s goal is to ensure that the organizational goals are in line with the shareholder interests. Some of the key corporate governance issues handled in PWC range from highly strategic topics like corporate strategy, IT oversight and innovation, board composition and risk oversight to more real-time topics like crisis management and shareholder activism.

The organization’s corporate strategy aims at achieving a continuous growth and also capturing new markets. The company also goes a mile further to ensure that they maintain a certain share of the market despite the ever-changing business environment and competition. All these are in line with the profit maximization principle of shareholders’ interest satisfaction. Shareholders are very much concerned about profit maximization and as a result, the organization equally aims at minimizing the operational costs.

Another way the organization is maintaining stakeholder interests is by a maintenance of an upward growth of innovation and use of IT to better services for their clients. The use of innovation to better the services offered to clients is a multi-level way of satisfying various stakeholders. For instance, the customers/clients are well served, this is also in line with the growth of market share through proper market targeting as well as profit maximization.

Again, the board is composed of skilled individuals who have understood the business of PWC for quite a long time. The board is selected in the most open and official way so there is no bias or racism or any other form of discrimination (Hart, 2015). This helps the organization to be well guided towards future business trends. The leadership is based on competitiveness and as a result, this has contributed to PWC’s success in the audit industry. Lastly, the issue of risk analysis using research and managerial experience in the organization has been an anchor to its growth. According to Williamson, O. E. (2017), this coupled with strong internal controls form a synergy which forms a strong foundation for the future.

References

Hart, O. (2015). Corporate governance: some theory and implications. The economic journal, 105(430), 678-689.

Raut, S. (2010). Corporate Governance–Concepts and Issues. Research Scholar with Institute of Directors, India.

Williamson, O. E. (2017). Corporate finance and corporate governance. The journal of finance, 43(3), 567-591.

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