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Corporate Governance - Coggle Diagram
Corporate Governance
Definition
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describe the oversight responsibilities of different parties for an organization’s direction, operations, and performance.
Sir Adrian Cadbury :- the purpose of corporate governance is “to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources.
Parties
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Shareholders
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Can be individual investors or institutional investors, such as pension funds, mutual funds etc..
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G20/OECD Principles
“Intended to help policymakers evaluate and improve the legal, regulatory, and institutional framework for corporate governance with a view to support economic efficiency, sustainable growth, and financial stability
key strength of the Principles that makes them a useful tool worldwide, both in developed economies and in emerging markets.
Six broad principles
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place an effective legal, regulatory and institutional framework
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Examine the importance of timely, accurate, and transparent disclosure
Address board structures, responsibilities, and procedures
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