HISTORY & NEED OF CORPORATE GOVERNANCE

May 29th, 2015
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Arcadia University
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Corporate governance exists to protect the shareholders of a company. It also aims to preserve the reputation of a company and its business against any fraudulent acts committed by its directors and officers. The directors of a company must always make decisions objectively, in the best interests of the company’s business and its shareholders. They have the responsibility to run the company successfully and bring in profits for the shareholders.

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Corporate governance In order for a company to exist, it has to be set up and registered with the appropriate company authority. Once registered, the company is regarded as a legal person, with legal rights and obligations. A companys existence and organization are continuously scrutinized through a well-established set of rules, laws, and policies that govern the way in which the company is run and controlled. This is known ascorporate governance.Corporate governanceexists to protect the shareholders of a company. It also aims to preserve the reputation of a company and its business against any fraudulent acts committed by its directors and officers. The directors of a company must always make decisions objectively, in the best interests of the companys business and its shareholders. They have the responsibility to run the company successfully and bring in profits for the shareholders.Executive directoris a term sometimes applied to thechief executive officer(CEO) ormanaging directorof anorganization,company, orcorporation. The role of the Executive Director is to design, develop and implement strategic plans for their organization in a cost-effective and time-efficient manner. The Executive Director is also responsible for the day-to-day operation of the organization, including managing committees and staff and developing business plans in collaboration with the board for the future of the organization.Non-executive director of a firm who

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