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Topic: Business
Number of pages / Number of words: 3 / 780
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The relationship between the company and its employees represents an important aspect of a good corporate governance.

On the other hand, before and during the crisis of Vilvoorde plant closure, Schweitzer demonstrated most of the competencies of an effective global leader:

? Business and organizational savvy ? ability to make money globally - Renault was operating a large network of automobile plants, with 9 factories in France and others in Belgium, Spain and Turkey; although disapproved by the officials and public, the Belgium plan closure was economically very benefic for the shareholders, leading to a increasing trend of its market price of the shares;

? Maintaining perspective ? ability to balance globalization and localization pressures ? even though Renault invested money to install an entirely new assembly at Vilvoorde, the production was planned

to be shifted to the Spanish and French plants mainly because of the lower wage costs and tax rates;

? Inquisitiveness and personal change ? ability to change and commit to a continual self-improvement basis - he took some good actions to diminish the negative reactions from the political world, from the employees and the pressure for union solidarity...


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Thus he met with Belgian and French government officials, explained them the rationale for the closure and announced their intention to cover severance pay and other costs associated with the plant closure, as well as mentioned that Renault wished to start talks with Vilvoorde employees on aid measures and the possibility of converting the factory for other uses...


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&Amp;Quot;Good Corporate Governance-Its Importance For Banks And Challenges&Amp;Quot; B&W Corporate Governance CORPORATE GOVERNANCE IN Corporate Governance in the UK Corporate governance Crisis at Renault: The Vilvoorde Plant Closing employees are more important than customers Good Corporate Governance Starbucks Corporate Governance The Board, The Executive and Good Corporate Governance The Corporate Governance - The Burdens Toyota: An example of “good” corporate governance ‘The Employment Relationship Is A Crucial Facet Of Any Business, But Often That Relationship Has To Be Terminated. Employees Are Protected From Being Unfairly Dismissed By Statutory Intervention, Yet The Employment Right Internet governance in crisis THE IMPORTANCE OF IMPLEMENTING ERGONOMICS ASPECT FOR MANUFACTURING COMPANY

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