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Corporate Governance

Running head: PROBLEM SOLUTION: MCBRIDE FINANCIAL SERVICES

Problem Solution: McBride Financial Services
Sandrew L. Holloway
University of Phoenix


Problem Solution: McBride Financial Services
McBride Financial Services, Inc. is a privately held brokerage firm currently headquartered in Boise, Idaho, specializing in conventional loans as well as loans for military veterans as guaranteed by the United States Department of Veterans Assistance (VA) for home purchasing and refinancing (McBride, 2008). Under CEO Hugh McBride’s leadership, McBride Financial is relatively small, but with all the makings of a large corporation; Hugh McBride has an Executive Assistant, HR Manager, IT Director, Controller, and eight brokers on staff, each of which the CEO wants to manage the eight new locations where he envisions his company expanding (McBride, 2008).
Hugh McBride has met with an IT consultant to discuss his plans to offer low-cost mortgage services over the Internet as well as partnered with a more experienced firm; Beltway Investments to act as shareholders to aid in realizing his business plan. Hugh McBride has also recently appointed members to a new board of directors for his company (McBride, 2008). Hugh McBride has met with an IT consultant to discuss his plan to partner with a more experienced firm; Beltway Investments to act as shareholders to aid in realizing his business plan. Hugh As part of the quarterly and annual reporting process MFS will make sure they cover the governance and Sarbanes or SOX focusing on “internal controls.” McBride knows that without a well-developed, implemented plan, it could lead the company to failure. The conflicts McBride must contend with will be weighted against the company goals and alternative solutions presented for evaluation.


Situation Analysis
Issue and Opportunity Identification
McBride management is implementing tactical plans to restructure the company. The plan is, McBride will put forth...