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Corporate Governance (Growing Interest in CG (Highly publicised corporate…
Corporate Governance
Growing Interest in CG
Highly publicised corporate misconduct
Problems with the management of corporations:
Agency problems
Advantages of good CG
CG stakeholders
Traditional or 'Anglo-Saxon' Model
European Models
Why do we need CG ?
What is CG ?
Positive accounting theory and its relationship with CG
Contracting theory
Agency relationship
Agency costs
Bonding costs
Residual loss
Monitoring costs
Agency problems
Dividend retention
Horizon problem
Risk aversion
Role of accounting and financial reporting in CG
Management accounting (Internal)
Financial accounting (External)
Guidelines and practices
The nature of the particular corporation and its activities
The environment in which the corporation operates
Developments and issues in CG
Increased focus on risk management
Executive remuneration
The role of ethics in CG