Question

In: Accounting

what is corporate governance and how does it work?

what is corporate governance and how does it work?

Solutions

Expert Solution

Corporate Governance: Corporate governance is defined as the system by which a company or enterprise is
directed and controlled to achieve the objective of increasing shareholder value by enhancing economic
performance. Corporate governance concerns the relationships among the management, Board of Directors, the
controlling shareholders and other stakeholders.

The conformance dimension of Corporate governance provides a historic view and focuses on regulatory requirements. This covers corporate governance issues such as: Roles of the chairman and CEO, Role and composition of the board of directors, Board committees, Controls assurance and Risk management for compliance.

The performance dimension of Corporate governance is proactive in its approach. It is business oriented and takes a forward looking view. This dimension focuses on strategy and value creation with the objective of helping the board to make strategic decisions,


Related Solutions

How does corporate governance of a not-for-profit business vary from corporate governance of a traditional for...
How does corporate governance of a not-for-profit business vary from corporate governance of a traditional for profit business? Minimum 200 words with references
As a student of corporate governance what does it mean when we say that corporate governance...
As a student of corporate governance what does it mean when we say that corporate governance is about ‘Individuals, companies, society, governments, controls, investments, efficiency and transparency?
As a student of corporate governance what does it mean when we say that corporate governance...
As a student of corporate governance what does it mean when we say that corporate governance is about ‘Individuals, companies, society, governments, controls, investments, efficiency and transparency?
What is corporate governance? What is the role of corporate governance?
What is corporate governance? What is the role of corporate governance?
What is corporate governance? Does a firm’s corporate governance policy relate to whether it conducts business...
What is corporate governance? Does a firm’s corporate governance policy relate to whether it conducts business in an ethical manner?
How does corruption affect development? What is corporate governance? How does its definition relate to the...
How does corruption affect development? What is corporate governance? How does its definition relate to the shareholder value argument?
As a student of corporate governance what does it mean when we say that corporate governance is about ‘Individuals
As a student of corporate governance what does it mean when we say that corporate governance is about ‘Individuals, companies, society, governments, controls, investments, efficiency and transparency?
How does internal audit contribute to good corporate governance?
How does internal audit contribute to good corporate governance?
What is Corporate Governance? Identify the objectives of the good corporate governance.
What is Corporate Governance? Identify the objectives of the good corporate governance.
How are IT Governance and general Corporate Governance related?
How are IT Governance and general Corporate Governance related?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT