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Corporate Governance, : - Coggle Diagram
Corporate Governance
Principles
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Transparency & Accountability
1.Management accountable to the board
2.Board accountable to the shareholders
and correct information disclosure (Financial, Objectives & major share details)
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Future
Influences ;
- Global economic Crisis
- Cultural aspects
- US influences (SOX,SEC)
Theoretical Advancements;
- New Models, concepts
- Limitations on agency theory
- New research opportunity
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Governance Procedures;
- More emphasis on stakeholders
- Enhanced director performance
- 21st Century Board;
-Participative
-Flexible
-Transparent
Technological Advancement;
- Proper IT governance
- Artificial Intelligence
Organizational Structure
Board Of Directors
- Safeguarding the organizational assets,
- Monitoring management effectively,
- Guiding strategically and
- Being accountable to shareholders
Board Structure
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Mutitier
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Advantages;
- Duty Distribution &
- Stake holder Involvement
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Supervisory Board (NEDs)
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Management Board (Executives - Head of HR, Head of Finances etc)
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Stakeholders
Internal;
- Managers
- Employees
External;
- Competitors
- External Capital Providers
- State and Society
- Suppliers and
- customer
Responsibilities
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Social
CSR
CSR competency framework;
1.Comprehending the society
2.Maximizing capacity
3.Examining "Business as usual"
4.Building relations with stakeholders
5.Strategic opinion utilizing diversity
Economic
1.Managing Working Capital
- Managing Finances
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Applications
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Approaches
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Principal-Based.
(Usual)
- Best Practice
- Comply or Complain Basis
- OECD
- ICGN
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