What is corporate governance?
Corporate governance is, “the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled in corporations.” It encompasses the mechanisms by which companies, and those in control, are held to account. 1 Corporate governance influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised.
Good corporate governance structures encourage companies to create value (through entrepreneurialism, innovation, development and exploration) and provide accountability and control systems commensurate with the risks involved.
How is good corporate governance achieved?
What constitutes good corporate governance will evolve in the light of the changing circumstances of a company and must be tailored to meet those circumstances. Good practice must also evolve in the context of developments both in Australia and overseas.
What is corporate governance?
Corporate governance is, “the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled in corporations.” It encompasses the mechanisms by which companies, and those in control, are held to account. 1 Corporate governance influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised.
Good corporate governance structures encourage companies to create value (through entrepreneurialism, innovation, development and exploration) and provide accountability and control systems commensurate with the risks involved.
How is good corporate governance achieved?
What constitutes good corporate governance will evolve in the light of the changing circumstances of a company and must be tailored to meet those circumstances. Good practice must also evolve in the context of developments both in Australia and overseas.
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