General Management Flashcards

1
Q

What is a Corporate Governance and king report respectively?

A

A set of rules and processes used by the top management in directing and controlling the business and the king report is a guideline by the Corporate Governance over how business should act and conducting business in an ethical and sustainable way

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2
Q

What do the 4 King’s reports focus on?

A

King On the triple bottom line /integrated reporting
King II-the 7 principles of good corporate governance
King III-Directors specifically
King the governing body (GB)

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3
Q

Name the 7 principles of good corporate governance

A
  1. Transparency
  2. Accountability
    3.Independence
    4.Discipline
    5.Social responsibility
    6.Fairness
    7.Responsiblity of directotrs
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4
Q

The 3 different disciples that can occur

A
  1. Self-discipline
    2.Market-disciple
    3.Regulator disipline
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5
Q

The 4 board outcomes

A

1.Ethical culture
2.Good performance
3.Adequate and effective control
4.Trust and good reputation

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