principle of corporate_governance

May 29th, 2015
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Acadia University
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In other words corporate governance studies how decisions are made in companies, how mangers are monitored by the stock market or large Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources.

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1.1IntroductionThe ultimate objective of companies is to keep maximising profitability given the rules and regulations implemented by the government and accounting practices i.e. (GAAP). The owners of an entity (shareholders) appoint the appropriate people, (directors) who are responsible to report back to them on performance. The directors in turn take the responsibilities to delegate day to day decision making activities to line managers who are involve in the business operations. It is also the Directors are also responsibility to implement systems, processes and control measures to ensure proper accountability and transparency in its operations with the view to safeguard stakeholders and increase value for shareholders. (Corporate Governance) On the other hand shareholders have the right to remove and replace directors if they feel for example financial targets are not been achieved. This gives directors a very thin line to strike the balance between concentrating on achieving financial targets to satisfy shareholders without detailed analysis reporting practices or to be more focused on practices and regulations, which in turn may give lower figures. In a theoretical perspective there is no obvious answer therefore in this research we ask an empirical question, is there any significant relationship between corporate performance and reporting practices?We start with brief overview and background of Corporate Governance then proceed to explain reporting practi

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