Introduction HSBC is among the world largest banking corporation

        HSBC is among the world largest banking corporation. The headquarter of the bank is located in the city of London United Kingdom. HSBC bank has branches in many countries from which Oman is one of them. HSBC Oman provides financial services to the people of Oman and over the years the bank has experienced significant growth due to high-quality services. The Bank has experienced success due to its strong corporate governance. The bank follows a proper mechanism which allows the bank to sustain in the long run and give tough time to the competitors.

Critical analysis HSBC is among the world largest banking corporation

        The corporate governance strategy of the bank depends on certain philosophies and values. The main values which the organization has established include a strong connection with the customers along with openness to different cultures. As HSBC has a presence in many countries it has become important for the corporation to give special attention to the local culture. Through this, the organization will be able to attract more customers to its services. It is important that the bank should have a strong connection with its customers so that it can understand the needs and preferences of the customers. In short, the management of the bank should focus on its customers to attain success in the long run (Higgins, 2007).

        Another important value of the corporate governance of the Organization is that it pays special attention to its financials. The financial strength of the corporation allows it to perform its activities more efficiently. The liquidity position of the corporation is exceptional and allow the bank to pay its short term loans easily. The management of the bank evaluates its financial statements to determine improved efficiency. The strong corporate governance allows the organization to focus on quality which is highly important for the organization to generate profit.

            The strong corporate Governance has made the directors of the corporation accountable for the decisions that they take. The accountability of the directors enhances the efficiency, performance, and profitability of the organization. The management of the organization focus on its employees and address their issues. The top management of the corporation provides clear direction to the employees which help the employees to manage the operations accurately. In the organization, there are many expert employees who possess certain skills which are important for any organization. The HR department of the organization recruits such employees who are highly skillful and have the gain the necessary experience in a certain field.

            The top management of the corporation focuses on the motivation of the employees and give rewards to the high performing talent. The corporation knows the importance and motivation and how it leads to the success of the employees. The organization should motivate the employees so that the performance of the employees can be increased and their commitment can be increased in the future. If the employees' work is not recognized than their performance decreases which have a negative impact on the performance and overall profitability of the corporation (Robinson, et al., 2015).

Conclusion HSBC is among the world largest banking corporation

            If all the above discussion is summarized than it is evident the corporate governance strategy of the bank depends on certain philosophies and values. The main values which the organization has established include a strong connection with the customers along with openness to different cultures. As HSBC has a presence in many countries it has become important for the corporation to give special attention to the local culture. The top management of the corporation focuses on the motivation of the employees and give rewards to the high performing talent. The corporation knows the importance and motivation and how it leads to the success of the employees. The Bank has experienced success due to its strong corporate governance.

Recommendation HSBC is among the world largest banking corporation

              It is recommended that HSBC should further enhance its financial strength. The financial strength of the corporation allows it to perform its activities more efficiently. The liquidity position of the corporation is exceptional and allow the bank to pay its short term loans easily. The management of the bank evaluates its financial statements to determine improved efficiency. When the corporation is going to improve its financial strength it will become able to further expand its business and services. Due to strong financial position the bank will be the ability to gain a competitive edge over its competitors.

References HSBC is among the world largest banking corporation

Higgins, 2007. Analysis for Financial Management. s.l.:Tata McGraw-Hill Education.

HSBC, 2019. About HSBC. [Online]
Available at: https://www.about.hsbc.co.om/

Needles, B. E. & Powers, M., 2010. Financial Accounting. s.l.:Cengage Learning.

Nørreklit, H., ed., 2017. A Philosophy of Management Accounting: A Pragmatic Constructivist Approach. s.l.:Taylor & Francis.

Robinson, T. R. et al., 2015. International Financial Statement Analysis, Third Edition (CFA Institute Investment Series). 3 ed. s.l.:John Wiley & Sons.