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CORPORATE GOVERNANCE INTERNAL CONTROL

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Table of Content
Topics
Page #
Summary
Introduction
Principles of corporate governance
Corporate governance models around the
world
Regulation
History
Parties to Corporate Governance
Objectives
Internal corporate governance controls
External corporate governance controls
Systematic Problems in Corporate Governance
Debates In Corporate Governance
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Corporate Governance
Summary
Corporate governance refers to the set of systems, principles and processes by which a company
is governed. They provide the guidelines as to how the company can be directed or controlled
such that it can fulfil its goals and objectives in a manner that adds to the value of the company
and is also beneficial for all stakeholders in the long term. Stakeholders in this case would
include everyone ranging from the board of directors, management, shareholders to customers,
employees and society. The management of the company hence assumes the role of a trustee for
all the others. It is based on principles such as conducting the business with all integrity and
fairness. The key to success for all the leading companies in the world is practice of good
Corporate Governance Codes. It is not a one day process but it is spontaneous combustion of
efforts and practice of the same code. The other principles on which corporate Governance is
based are being transparent with regard to all transactions, making all the necessary disclosures
and decisions, complying with all the laws of the land, accountability and responsibility towards
the stakeholders and commitment to conducting business in an ethical manner.
Ultimately, there is a level of confidence that is associated with a company that is known to have
good corporate governance. The presence of an active group of independent directors on the
board contributes a great deal towards ensuring confidence in the market. Corporate governance
is known to be one of the criteria that foreign institutional investors are increasingly depending
on when deciding on which companies to invest in. It is also known to have a positive influence
on the share price of the company. Having a clean image on the corporate governance front
could also make it easier for companies to source capital at more reasonable costs.
Unfortunately, corporate governance often becomes the center of discussion only after the
exposure of a large scam.
The main characteristics and features of corporate governance are listed as. Transparency of al
the matters, protection of all the present shareholders rights, giving more power and rights to the
CEO, accountability, all the rule must be based upon ethics, rules and procedure set in the
organization are universally applicable or applied all over the world. It is given a legal

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Table of Content Topics Page # Summary Introduction Principles of corporate governance Corporate governance models around the world Regulation History Parties to Corporate Governance Objectives Internal corporate governance controls External corporate governance controls Systematic Problems in Corporate Governance Debates In Corporate Governance Comment Corporate Governance Summary Corporate governance refers to the set of systems, principles and processes by which a company is governed. They provide the guidelines as to how the company can be directed or controlled such that it can fulfil its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term. Stakeholders in this case would include everyone ranging from the board of directors, management, shareholders to customers, employees and society. The management of the company hence assumes the role of a trustee for all the others. It is based on principles such as conducting the business with all integrity and fairness. The key to success for all the leading companies in the world is practice of good Corporate Governance Codes. It is not a one day process but it is spontaneous combustion of efforts and practice of the same code. The other principles on which corporate Governance is based are being transparent with regard to all transactions, making all the necessary disclosures and decisions, complying with all the laws of the land, a ...
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