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CORPORATE GOVERNANCE - Coggle Diagram
CORPORATE GOVERNANCE
Board Leadership
What?
Long term direction/ give value to all shareholders/ management oversight
Board Responsibilities
assume responsibility for direction
keep check and balance
Have clear duty and segregation
Mantaining good business conduct and healthy corporate culture
Board Composition
at least half is Independent Directors
Tenure of 9 years + two tier voting
30% women direcotrs
Board effectivenss from stakeholder opinion
Remuneration
From remuneration comittee
assess if the remuneration is in balance with performance
TO ensure the pay and policy can attract
Independence of ID
9 year period
re apppointed
Chairman + CEO Must be different
IA in internal audit
evaluate risks
give and add value to all aspects
prevent existence of fruad
review compliance and policy
Plan on effective resource useage
INTRODUCTION
Board leadership & Effectiveness
Effective Audit and risk Management
Integrity in Corporate reporting and meaningful relationships with stakeholders
Direct a business by prosperity and corporate accountability
Effective Audit and risk Management
Audit committee
Chairman of Audit comittee cannot be chairman of the board
2 year cooling off
all must be independent directors
ROLE
review corporate policcy and compliance
review litigation or regulatory proceedings
emplyee misconduct
check on internal auditors
Make sure audit function is effective and can function independently
RISK MANAGEMENT
so that everything is implemented with proper controls
have a risk management comitee
ensure internal audit have no COI
resources are enough in internal audit
qualifications of internal auditors
accoriing to framework
IA Function
grow advisory support strategy
root-cuase analysis for business
develop and improve
Integrity in Corporate Reporting
Communication with shareholders
so that infomred decisions can be made
mutual understanding
General meetings
facilitate better understanding
shareholders can exercise ownership rights