Explain corporate governance, the five key elements

Corporate governance:

Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place. The responsibilities of the board include setting the companys strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship. The boards actions are subject to laws, regulations and the shareholders in general meeting. _UK Corporate Governance Code (the Code) was produced in 1992_

Explain corporate governance, the five key elements

Focuses on three key elements for Family-hold business CG:
o Direction refers to all the decisions that relate to setting the overall strategic direction of the company. o Control refers to all the actions necessary to oversee the managements performance and follow up on the implementation of the strategic decisions. o Relationship among the main governing bodies of the firm refers to the interactions among the shareholders, the directors of the board, and the managers.

Explain corporate governance, the five key elements 5 key elements:

1. Good board practices 2. Control processes (environment) 3. Disclosure and transparency 4. Shareowner rights 5. Board Commitment

Outline the benefits of Corporate Governance to address misconceptions and inaccuracies regarding

Companys interests Separation of control from ownership Compliance Protecting investors interests

Demonstrate the link between wellgoverned companies and better societies, with examples relevant to your company and country

Good corporate governance practices instill in companies the essential vision, processes, and structures to make decisions that ensure longerterm sustainability. More than ever, we need companies that can be profitable as well as achieving environmental, social, andeconomic value for society. (Rachel Kyte, Vice president, business advisory services, IFC)

Demonstrate the link between wellgoverned companies and better societies, with examples relevant to your company and country

Poverty reduction
Strong growth, better environment, increase productivity Pay tax Better healcare, Education,

Demonstrate the link between wellgoverned companies and better societies, with examples relevant to your company andunemployment country Solve problems,

increase labors income and improve their quality life.

Expand business need more labor Create job, increase GDP, increase general standard living.

Demonstrate the link between wellgoverned companies and better societies, with examples relevant to your company and country Business growth and development are key determinants of high and stable growth of the economy.
Business growth creates gig volume of goods and services better quality ,alternated import goods export growth,

Demonstrate the link between wellgoverned companies and better societies, with examples relevant to your company and country Growth in business impacts greatly to solve social issues.
Commodities products and services increase diverse categories of goods, more quality. basic need, increase Standard living,

Note the challenges developing and emerging market countries confront in achieving progress, specifically:

Close-knit business communities Family-held companies Low concentrations of ownership and cross ownership Ineffective judicial system.