Page 51 - Microsoft Word - 00 Prelims.docx
P. 51
Corporate governance
What is Corporate Governance?
The purpose of corporate governance is to facilitate effective,
entrepreneurial management that can deliver the long-term success of
the company.
The aim of corporate governance initiatives is to ensure that companies
are run in the interests of their shareholders and the wider community.
There are different codes and practices around the world but they tend
to cover areas such as:
The role of the board of directors
The reliability of financial reports and the relationship between the
company and its auditors
The interest of the company’s shareholders in the company
45