CORPORATE GOVERNANCE INTERNAL CONTROL

May 29th, 2015
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Aberystwyth University
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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.

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Table of ContentTopicsPage #SummaryIntroductionPrinciples of corporate governanceCorporate governance models around the worldRegulationHistoryParties to Corporate GovernanceObjectivesInternal corporate governance controlsExternal corporate governance controlsSystematic Problems in Corporate GovernanceDebates In Corporate GovernanceCommentCorporate GovernanceSummaryCorporate 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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