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.
You may also like...
[ featured posts (collapsed to save space) ]
To what extent are directors liable where they are in breach of their duties?
August 19th
The Corporations Act provides defences where directors may be in breach of duties, including when they have relied on third-party advice or where a director has made a ‘business judgement’…
read more
What powers do shareholders have to appoint or remove directors or require the board to pursue a particular course of action?
August 19th
Shareholders in public companies have a right to remove directors by an ordinary resolution requiring 50 per cent of the shareholders (in attendance and voting at the relevant meeting) to…
read more
What is the role of the Australian Institute of Company Directors?
August 19th
The Australian Institute of Company Directors (AICD) is a not-for-profit membership organisation for directors. The AICD advocates policies on issues of interest to directors and represents members on these issues.
read more
