Corporate governance is a system of rules, practices and procedures that determine how an organisation or business operates. This enables an organisation to make sure it is always meeting its objectives, while aligning with wider social and environmental issues, balancing the interests of all its stakeholders (shareholders, employees, suppliers, customers and the community), and maximising trust.
Good governance maximises accountability and creates a basis for better decision-making for an organisation as a whole.
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Who makes up a board of directors?
August 19th
A board should be structured so there is a balance between executive and non-executive members, there is a majority of non-executive directors, and there is at a minimum a critical…
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Is disclosure of board practices required by law?
August 19th
Listed entities are required by ASX Listing Rules to publish an annual corporate governance statement, which discloses the extent to which the entity has followed the Corporate Governance Council Principles…
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What are the main government agencies or other bodies responsible for making and enforcing corporate governance rules?
August 19th
The chief regulatory bodies which make and enforce governance standards in Australia are the Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX). ASIC is an independent…
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