Essential Reading List - Corporate Governance Flashcards

1
Q

what is corporate governance?

A

Corporate governance is the system of rules, practices and processes by which a company is directed and controlled.

It refers to the way in which companies are governed and to what purpose.

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2
Q

Purpose

A

It identifies who has power and accountability, and who makes decisions.

a toolkit that enables management and the board to deal more effectively with the challenges of running a company

ensures that businesses have appropriate decision-making processes and controls in place so that the interests of all stakeholders (shareholders, employees, suppliers, customers and the community) are balanced.

includes the processes through which a company’s objectives are set and pursued in the context of the social, regulatory and market environment.

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