Page 119 - F1 Integrated Workbook STUDENT 2018
P. 119
Corporate governance
What is corporate governance?
Corporate governance is the means by which a company is operated and
controlled.
The aim of corporate governance initiatives is to ensure that entities are run well and
in the interests of their shareholders and the wider community. It concerns matters
such as:
the responsibilities of directors
the appropriate composition of the board of directors
the necessity for good internal control
the necessity for an audit committee
relationships with external auditors.
109
