process of corporate_governance

May 29th, 2015
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Definition Corporate governance is an internal system that encompasses polices, processes, people, and makes sure the needs of shareholders and other stakeholders are met in full. This will be accomplished by directing and controlling managing activities using good business practices, objectivity, accountability and integrity. Effective corporate governance relies on external marketplace commitment and legislation, plus a healthy board culture which safeguards policies and processes.

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MGM4136CURRENT ISSUES AND MANAGEMENTCorporate GovernanceLECTURER:PUAN RUHANA BT HAJI BUSUPrepared by:Wong Yoke Pui147722Seow Fun Yin147836Oh Shiek Ching147839Lee Inn Hui147968Ngor Siew En150114DefinitionCorporate governance is an internal system that encompasses polices, processes, people, and makes sure the needs of shareholders and other stakeholders are met in full.This will be accomplished by directing and controlling managing activities using good business practices, objectivity, accountability and integrity. Effective corporate governance relies on external marketplace commitment and legislation, plus a healthy board culture which safeguards policies and processes. Why does corporate governance importantCorporate governance is a key element in enhancing investor confidence, promoting competitiveness, and ultimately improving economic growth.Good corporate governance helps to prevent corporate scandals, fraud, and potential civil and criminal liability of the organization. A good corporate governance image will enhances the reputation of the organization and makes it more attractive to customers, investors, suppliers and, contributors of nonprofit organizations. It is aims to protect shareholder rights, enhance disclosure and transparency.Good Corporate GovernanceGood corporate governance will ensures the accountability of certain individuals such as reduce or eliminate principal-agent problem, achieve an a locative efficiency li

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