Governance Flashcards
(4 cards)
1
Q
corporate governance?
A
set of rules which governs the structure
determines the objectives of an organisation
regulates the relationships between the organisation’s management, board & shareholders
2
Q
corporate governance in simple terms?
A
the system by which corporations are directed and controlled
3
Q
principles of good corporate governance?
A
- appropriate balance of power
- independent NEDs
- established committees
- effective risk management
4
Q
principles of good governance for not-for-profit organisations?
A
- accountability
- stakeholders
- openness and transparency
- board structures
- monitoring performance
