Governance

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CORPORATE GOVERNANCE CG 601
PROJECT PAPER
[pic]

STUDENT NAME: MARK MISOMALI

STUDENT ID NO: 24ELI-11765

INTAKE AND VENUE: EVENING 24, LILONGWE

LECTURER’s NAME: GAW KACHALI

DATE SUBMITTED: DECEMBER 01, 2011

PREFACE
Many organizations of private or public nature are not spared from the risks of fraud and corruption. The complex business processes make it impossible to find a common solution for combating fraud and corruption. Even in similar business processes the nature of fraud and corruption cannot be predicted. As a result of this a lot of resources are lost, wasted, and abused. Other organizations have put in strict punitive measures for the culprits but still this has not relatively reduced incidences of fraud and corruption. There is growing consensus that organizations with good corporate governance practices have marginal incidences of fraud and corruption. In this paper I will discuss the link between corporate governance and prevention of fraud and corruption.

Table of Contents
Introduction………………………………….……………………………………………….1
Purpose and Methodology……………….…………………………………………………2
Organization of the study……………….………………………………….……………….2
Chapter 1: Corporate Governance Background…………………..……………….…….3
Chapter 2: Composition of the Board………..….…………………….…………….…….5
Chapter 3: The Role of the Board……..………….………………………………….……8
Chapter 4: Board Committees…………………..….……………………………….……10
Chapter 5: Corporate Governance and Fraud…..….…………………………….…….12
Conclusion……………………………………………..….………………………………..13
Appendix…………………………………………………….………………………….…..14

NEXUS BETWEEN CORPORATE GOVERNANCE AND THE PREVENTION OF FRAUD AND CORRUPTION IN THE WORK PLACE

CHAPTER ONE: INTRODUCTION

In this chapter, I will attempt to define what corporate governance is; then, I will identify the key players of corporate governance. The rest of the report will discuss how corporate governance can be used to prevent fraud and corruption.

Definition
The reader should know that

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