Corporate governance
1) What is corporate governance? Contemporary corporate governance started in 1992 with the Cadbury report in the UK
Cadbury was the result of several high profile company collapses is concerned primarily with protecting weak and widely dispersed shareholders. Corporate Governance is a mechanism through which boards and directors are able to direct, monitor and supervise the conduct and operation of the corporation and its management in a manner that ensures appropriate levels of authority, accountability, stewardship, leadership, direction and control.
“Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals.
The importance of corporate governance lies in its contribution both to business prosperity and to accountability.
• What is corruption?
Corruption is wrong doing on the part of an authority and powerful party through means that are illegitimate, immoral or incompatible with ethical standards. Corruption often from protonage and is associate with bribery
• Types of corruption
The types of corruption are as follows:
1) Bribery
2) Theft and fraud
3) Extortion
4) Abuse of discretion
5) Favouritism, nepotism and clientism
6) Conduct creating or exploiting conflicting interest
7) Improper political contribution.
1) What is corporate governance? Contemporary corporate governance started in 1992 with the Cadbury report in the UK
Cadbury was the result of several high profile company collapses is concerned primarily with protecting weak and widely dispersed shareholders. Corporate Governance is a mechanism through which boards and directors are able to direct, monitor and supervise the conduct and operation of the corporation and its management in a manner that ensures appropriate levels of authority, accountability, stewardship, leadership, direction and control.
“Corporate governance is concerned with holding
Cadbury was the result of several high profile company collapses is concerned primarily with protecting weak and widely dispersed shareholders. Corporate Governance is a mechanism through which boards and directors are able to direct, monitor and supervise the conduct and operation of the corporation and its management in a manner that ensures appropriate levels of authority, accountability, stewardship, leadership, direction and control.
“Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals.
The importance of corporate governance lies in its contribution both to business prosperity and to accountability.
• What is corruption?
Corruption is wrong doing on the part of an authority and powerful party through means that are illegitimate, immoral or incompatible with ethical standards. Corruption often from protonage and is associate with bribery
• Types of corruption
The types of corruption are as follows:
1) Bribery
2) Theft and fraud
3) Extortion
4) Abuse of discretion
5) Favouritism, nepotism and clientism
6) Conduct creating or exploiting conflicting interest
7) Improper political contribution.
1) What is corporate governance? Contemporary corporate governance started in 1992 with the Cadbury report in the UK
Cadbury was the result of several high profile company collapses is concerned primarily with protecting weak and widely dispersed shareholders. Corporate Governance is a mechanism through which boards and directors are able to direct, monitor and supervise the conduct and operation of the corporation and its management in a manner that ensures appropriate levels of authority, accountability, stewardship, leadership, direction and control.
“Corporate governance is concerned with holding