Corporate Governance.

December 23, 2020 By Swapnil Suryawanshi

Corporate governance is the collection of mechanisms, processes and relations used by various parties to control and to operate corporations. Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) .

Principles :

Contemporary discussions of corporate governance tend to refer to principles raised in three documents released since 1990: The Cadbury Report (UK, 1992), the Principles of Corporate Governance (OECD, 1999, 2004 and 2015), and the Sarbanes–Oxley Act of 2002 (US, 2002). The Cadbury and Organisation for Economic Co-operation and Development .

UK: Six Top Tips For An Effective Corporate Governance Framework |

What are the 4 P’s of corporate governance :

That’s why many governance experts break it down into four simple words: People, Purpose, Process,and Performance. These are the Four Ps of Corporate Governance, the guiding philosophies behind why governance exists and how it operates. Let’s have a look at exactly what each of the Ps means.

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What are the basic principles of corporate governance :

  • Lay solid foundations for management and oversight.
  • Structure the Board to add value.
  • Promote ethical and responsible decision-making.
  • Safeguard integrity in financial reporting.
  • Make timely and balanced disclosure.
  • Respect the rights of shareholders.
  • Recognise and manage risk.
  • Encourage enhanced performance.

What are the 8 principles of good governance :

  • 8 Good Governance Principles. – for leaders and institutions.
  • Accountable. Public officials must be answerable for government behaviour, and be responsive.
  • Transparent.
  • Responsive.
  • Effective and Efficient.
  • Equitable and Inclusive.
  • Follows the Rule of Law.
  • Participatory.

What are the 8 principles of good governance :

  • 8 Good Governance Principles. – for leaders and institutions.
  • Accountable. Public officials must be answerable for government behaviour, and be responsive.
  • Transparent.
  • Responsive.
  • Effective and Efficient.
  • Equitable and Inclusive.
  • Follows the Rule of Law.
  • Participatory.