Corporte Governance

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ESAMI BUSINESS SCHOOL

EXECUTIVE MBA PROGRAMME

INTAKE 22 GEITA GOLD MINE

COURSE: CORPORATE GOVERNANCE

(CG 601)

LECTURER NAME; MR G.A.W KACHALI

CANDIDATE REGISTRATION NUMBER: 22 GGM 10895

Student Name; GEOFREY SHUMA

TABLE OF CONTENTS

1. Introduction 2
2. Overview2
3. Corporate Governance definition 2
4. Good Corporate Governance 3
5. Historical Background of Corporate Governance 4
6. Impact of Corporate Governance 5
7. Parties to Corporate Governance 5
8. Principles of Good Corporate Governance 5
a) Rights and equitable treatment of shareholder 5
b) Interest of other stake holders 6
c) Role and Responsibilities of the boards 6
9. Issues involving corporate Governance Principles 6
10. Corporate Governance Mechanisms and Control 6
11. Internal Corporate Governance Controls 7
12. External Corporate Governance Controls 7
13. Fraud 7
14. Prevention of Corporate Fraud 7
15. Fraud Deterrence (prevention of fraud) 8
16. Fraud Deterrence VS Fraud Detection 8
17. Deterrence Correlation 8
18. Deterrence VS Prevention 9
19. Fraud Triangle 9
20. Breaking the Fraud Triangle 9
21. Statement on Auditing Standard No. 99 (SAS 99) 9
22. The Coso Model 10
i. Control Environment 11
ii. Risk Assessment 11
iii. Control Activities 11
iv. Information and Communication 12
v. Monitoring 12
23. Conclusion 13
24. References ………………………………………………………………….… 14

INTRODUCTION

Corporate Governance is the set of processes, customs policies, laws and Institutions affecting the way the corporation (Company) is directed, administered or controlled. Corporate Governance also includes the relationships among the many stakeholders involved in the goals for which the corporation is governed. The Principal Stakeholders are the shareholders, the board of directors, employees, customer’s creditors, supplies...
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