Corporate Governance

Master in Money, Banking and Finance

Lancaster University Management School

CORPORATE GOVERNANCE

GMM 5216

Mid Semester Report Examination

Research on

Tyco International Ltd.

Prepare by

Lii Chern Yew, Liam

Lancaster ID: 08379998

Sunway ID: 04008983

Prepare for

Prof. Phang Siew Nooi

TABLE OF CONTENTS

0. INTRODUCTION

1. Lesson Drawn in coherent with Corporate Governance

3.0 Stakeholder’s role, involvement, contribution

4.0 Ethics as part of the solution

5.0 Mechanism of recommendation

6.0 Articulation - success/failure

7.0 Reference List

1.0 Introduction

Tyco International Limited is a supremely diversified worldwide-reknown global manufacturing company comprises of 5 major business segments: ADT Worldwide, Fire Protection Services, Safety Products, Flow Control and Electrical and Metal Products. In year 2007, a corporate separation witnessed a split into 3 publicly independent companies: Covidien Ltd, Tyco Electronics Ltd, and Tyco International Ltd.

2.0 Lesson Drawn in Coherent with Good Corporate Governance Practice

In recent years, high series of corporate scandals involving the likes of Enron, WorldCom and Tyco has brought an erosion of investor confidence and sweeping of new federal regulations to how leaders of every firm being able to scandal proof the repetition of such disaster through practices of good corporate governance.

Strong functional leadership and mentoring are the essence of the rebuilding of high integrity leaders and employees (How Tyco International Remade Its Corporate Governance 2006). The articulation of the above statement in layman term stressed the cause of corruption due to absolute...