Introduction to corporate_governance

May 29th, 2015
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Acadia University
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here is a global consensus about the objective of “good Corporate Governance: maximizing long term shareholder value(return on shareholder investment). Since shareholders are residual claimants(they get their return after every shareholder group gets their respective claims), this objective follows from a premise, that in well performing capital and financial markets, whatever maximizes shareholder value must necessarily maximize corporate prosperity and best satisfy the claims of creditors, employees, customers, vendors, associates, regulatory agencies including the government, and the larger societal environment in which the firm operates.

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Corporate Governance may be defined as a set of systems, processes and principles which ensure that a company is governed in the best interest of all stakeholders. It is the system by which companies are directed and controlled. It is about promoting corporate fairness, transparency and accountability. In other words, 'good corporate governance' is simply 'good business'. It ensures:Adequate disclosures and effective decision making to achieve corporate objectives; Transparency in business transactions; Statutory and legal compliances; Protection of shareholder interests; Commitment to va

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