Corporate Governance at General Electric
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Case Code: CGOX006 Case Length: 10 Pages Period: 2002 Pub Date: 2003 Teaching Note: Not Available |
Price: Rs.300 Organization: General Electric Industry: Services Manufacturing Countries: Global, US Themes: - |
Abstract Case Intro 1 Excerpts
Sound principles of corporate governance are critical to obtaining and retaining the trust of investors -- and to achieving GE's overarching goal of performance with integrity. They are also vital in securing respect from other key stakeholders and interested parties -- including employees, recruits, customers, suppliers, GE communities, government officials and the public at large.
- Jeff Immelt, CEO, General Electric
Introduction
General Electric (GE), the world's second most admired company, ranked fifth in Fortune 500 list of companies in 2002. It operated a diverse range of businesses covering aircraft engines, power generation, financial services, medical imaging, television programming and plastics. GE's sales had risen from $60 billion in 1993 to $131 billion in 20023. GE had established various principles with regard to corporate governance and put in place various systems and processes to implement them.
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