Corporate governance Flashcards
1
Q
What does corporate government mean?
A
It means the systems and processes in place to monitor and control how a business is run
2
Q
What is the main aim of corporate governance?
A
The main aim is to protect the interests of the shareholders of a company.
3
Q
What are the three recommendations by the Corporate Governance Code?
A
Roles of CEO and chair should not be carried out by same person.
Board of directors should have at least three non-executive directors, two of whom should have no financial or personal ties to executive directors
Each board should have an internal audit committee composed of non-executive directors.
