General Management Flashcards
What is a Corporate Governance and king report respectively?
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
What do the 4 King’s reports focus on?
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)
Name the 7 principles of good corporate governance
- Transparency
- Accountability
3.Independence
4.Discipline
5.Social responsibility
6.Fairness
7.Responsiblity of directotrs
The 3 different disciples that can occur
- Self-discipline
2.Market-disciple
3.Regulator disipline
The 4 board outcomes
1.Ethical culture
2.Good performance
3.Adequate and effective control
4.Trust and good reputation