fincial engineering

Powerful Essays
Corporate Governance Adv. Diploma FM/BM

LECTURE ONE
DEFINING CORPORATE GOVERNANCE
Governance refers to the new way in which something is governed and to the function of governing. The governance of a country, for example, refers to the powers and actions of the legislative assembly, the executive government and the Judiciary.
Corporate governance refers to the way in which companies are governed, and to what purpose. It is concerned with practices and procedures for trying to ensure that a company is run in such a way that it achieves its objectives. This could be to maximize the wealth of its owners (the shareholders), subject to various guidelines and constraints and with regard to the other groups with an interest in what the company does. Guidelines and constraints include behaving in an ethical way in compliance with laws and regulations.

Some other definitions that have been provided are as follows:
‘Corporate governance is the system by which companies are directed and controlled’ (Cadbury Report, 1992). The Cadbury Report was a major UK inquiry into corporate governance, and this is a generally accepted definition.
Governance is about seeing that is run properly. All companies need governing as well as managing ‘(Professor Bob Tricker, 1984). Corporate governance is concerned with how powers are shared and exercised by different groups to ensure that the objects of the company are achieved.
Key issues in the corporate Government the rights of the shareholders and other interest groups such as the employees, how powers are shared and exercised by the directors, and the holders of power in a company
A company is a ‘legal entity’. As a person, it is able to enter into contracts and make business transactions. It can own assets and owe money to others, and it can sue and be sued in law. Human beings have to make decisions and arrange transactions in the

You May Also Find These Documents Helpful

  • Powerful Essays

    Adidas Fincial Analysis

    • 6646 Words
    • 27 Pages

    lysisscoring on all fields Annual Report 2005 Net Sales € in millions Financial Highlights (IFRS) 1) 2001 2002 2003 2004 1) 2005 1) lllllllllllllllllllllllllllllllllllllllll lllllllllllllllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllllllllllllll lllllllllllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllllllllllllllll llllllllllllllllllllllll llllllllllllllllllllllllll llllllllllllllllllllllllllllll llllllllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllllllllllllllll…

    • 6646 Words
    • 27 Pages
    Powerful Essays
  • Satisfactory Essays

    Engineering

    • 351 Words
    • 2 Pages

    Polytechnic Univerity of the Philippines College of Engineering Department of Civil Engineering Assignment No. 4 Exercise 3.0 Cube Submitted by: Jemmalyn M. Tiglao Course & Section: BSCE 1-2 Date of Submission: March 23, 2013 Submitted to: Engr. Oscar L. Poloyapoy Score Polytechnic Univerity of the Philippines College of Engineering Department of Civil Engineering Assignment No. 5 Exercise 3.1 Rectangular Parallelepiped Submitted by: Jemmalyn M. Tiglao Course &…

    • 351 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Engineering

    • 365 Words
    • 13 Pages

    Dual Degree Program Summary 2013-­‐14 Washington University Types of Engineering Offered Biomedical Engineering Chemical Engineering Computer Engineering Computer Science Electrical Engineering Mechanical Engineering Systems Science & Engineering CHE 111 Pre-­‐Engineering Course CS 111 Requirements ENG 101 or certification of proficiency…

    • 365 Words
    • 13 Pages
    Satisfactory Essays
  • Good Essays

    engineering

    • 884 Words
    • 4 Pages

    and classify engineering materials P1 P2 P3 M1 Describe the structure (including the atomic structure) associated with a given metal, polymer, ceramic, composite and smart material Classify given engineering materials as either metals or non-metals according to their properties Describe mechanical, physical, thermal and electrical and magnetic properties and state one practical application of each property in an engineering context…

    • 884 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Engineering

    • 721 Words
    • 3 Pages

    answer you that I am now aiming to be an engineer or I want engineering to be my career. You may have different reactions when I say that but it is just a matter of choice and all of us are have that right. To be an engineer, I must study the prerequisites of entering college. First, I should finish my high school and then enroll in a university or college and acquire an engineering course, a mechanical, industrial or civil engineering may do. Anyway, engineers abide by a simple law and the only…

    • 721 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Engineering

    • 559 Words
    • 3 Pages

    PURPOSE A fascination for Science & Technology and keen interest in the ever-growing world of technology motivated me to take up engineering. I choose to major in Electrical& Electronic Engineering with an intense urge to delve into the challenging field. During my under graduation program I learned the various fundamentals of Electrical& Electronics Engineering which together with practical course work reinforce interest. Right from my school, I had a penchant towards Mathematics, Science…

    • 559 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Engineering

    • 1625 Words
    • 7 Pages

    the common good of society… 2Outline Introduction Roles of Engineers Engineers & the Environment Engineers as Professionals Engineers Today 3Books & Resources  Engineering & Social Justice, by Donna Riley, 2008; Morgan & Claypool Publishers.  Bridging the Gap Between Engineering & the Global World: A Case Study of the Coconut (Coir) Fiber Industry in Kerala, India, by Shobha K. Bhatia & Jennifer L. Smith, 2008; Morgan & Claypool Publishers.…

    • 1625 Words
    • 7 Pages
    Satisfactory Essays
  • Satisfactory Essays

    engineering

    • 1150 Words
    • 5 Pages

    FLORIDA ATLANTIC UNIVERSITY All courses are three (3) credits unless otherwise indicated. Course selections should be made in consultation with an academic advisor. PRE-PROFESSIONAL ENGINEERING PROGRAM (2013-2014) College of Engineering & Computer Science FOUNDATIONS OF WRITTEN COMMUNICATION (Gordon Rule Writing (GRW), 6 credits required) (A grade of “C” or higher is required in each course) ___ ENC 1101 ............. College Writing I (REQUIRED) ___ ENC 1102+ ........... College Writing…

    • 1150 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Engineering

    • 451 Words
    • 2 Pages

    Ahlam Namoos Ms. Patricia Philips ESL 41 March 30, 2014 Engineering As My Career Choice From the time I first learned what an architect was, I knew that this would be the career field I would choose. Currently, I am studying at Blue Ridge Community College, and have enjoyed improving my drawing talent and improving my knowledge of design. There are many reasons why I chose engineering architecture as my learning goal; the education I am receiving is assisting me to becoming a better design…

    • 451 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Engineering

    • 2324 Words
    • 10 Pages

    **** NOTE **** * Selection for successful candidates will be done strictly by the NIIED Selection Committee. Therefore, appropriate documents should be submitted by the deadline. - Dual applications are not accepted. Applicants must apply for this program via only one institution. - Documents should be presented in their original form. - Submitted documents will not be returned to the applicants. - Incomplete or incorrect documents may lead to application rejection or failure…

    • 2324 Words
    • 10 Pages
    Powerful Essays