Case Details: |
Price: |
| Case Code |
: |
BSTR224 |
For delivery in electronic format: Rs. 400;
For delivery through courier (within India): Rs. 400 + Rs. 25 for Shipping & Handling Charges
ThemesCorporate Governance | Control
|
| Case Length |
: |
18 Pages |
| Period |
: |
1991-2006 |
| Organization |
: |
AXA |
| Pub Date |
: |
2006 |
| Teaching Note |
: |
Not Available |
| Countries |
: |
France |
| Industry |
: |
Banking &
Financial Services
|
Abstract:
|
The case examines the dual corporate governance structure of France based AXA,
one of the leading insurance and investment management companies in the world.
In a span of three decades, AXA acquired several financial services companies
globally. When AXA aimed at becoming a truly global company and started
consolidating its global operations, the company felt that a judicious mix of
centralization and decentralization of activities was required. AXA centralized
its operations to the extent necessary and its subsidiaries in different
countries had complete freedom to operate according to the local conditions.
|
|
The case discusses in length about the roles
played by AXA's management and supervisory board to maintain a
firm control over the operations of the company.
Issues:
» Study the importance of strong governance practices in companies having global
operations
» Understand the need for a dual corporate governance structure
» Examine the need for a smooth coordination between the subsidiaries and the
headquarters to run a company's global operations efficiently
»
Study the corporate functions that are centralized by AXA
» Appreciate the benefits reaped by AXA after decentralizing few of its
corporate functions
Contents:
Key Words:
AXA, Governance Structure, Globalization, Control Systems,
Centralization, Decentralization, Corporate Governance, Operational Excellence,
Supervisory Board, Management Board, Key Performance Indicators, Centrally
Managed Functions, Localization.
Governance and Control at AXA
- Next Page>>
|
|
