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Chapter 6

Corporate governance approaches

Outcome

By the end of this session you should be able to:

 describe and compare the essentials of ‘rules-’ and ‘principles-’ based
approaches to corporate governance, and discuss the meaning of ‘comply or
explain’

 describe and analyse the different models of business ownership that influence
different governance regimes (e.g. family firms versus joint stock company-
based models)

 explain and explore the Sarbanes-Oxley Act 2002 (SOX) as an example of a
rules-based approach to corporate governance

 describe and explore the objectives, content and limitations of, corporate
governance codes intended to apply to multiple national jurisdictions.

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 6 of your Study Text

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