Although corporate governance in general is a broad subject and will differ

Although corporate governance in general is a broad

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Although corporate governance in general is a broad subject and will differ from organization to organization, there are key elements in which each organization will share such as recognizing all the shareholders within an organization as often smaller shareholders can be ignored or passed on in larger organizations. This element of corporate governance will ensure all shareholders have a voice and have a mechanism to broadcast their viewpoints (Farrar, 2008). Addressing all stakeholder interests is also a key element of corporate governance, such as “addressing non-shareholder stakeholders” (Farrar, 2008), helps the organization establish positive relationships in the environment its operates in.
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MBA5901: Assignment 1 Student: Ross Badenhorst Student Number: 53860535 4 | P a g e Clearly outlining and defining the responsibilities of the board in corporate governance allows all stakeholders to have a clear vision of the organizational direction and where roles and responsibilities within the organization start and end (Farrar, 2008). Managing ethical behavior with in the organization is a key highlight of corporate governance. Often the line between succeeding in a business context and failing ethically can be blurred. This element of corporate governance assists the organization operate in a human manner and avoid future legal battles should it operate in an unethical manner (Farrar, 2008). Enabling complete and utter business transparency is a key driver in corporate governance and will promote shareholder trust. The element of corporate governance issues financial records and audit reports in a down to earth trustful manner (Farrar, 2008).
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MBA5901: Assignment 1 Student: Ross Badenhorst Student Number: 53860535 5 | P a g e - Corp Govenance Code Vs Companies Act Internal Law vs External Law - King IV - Local Corp Gov Codes vs International
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  • Fall '18
  • ........., Ross Badenhorst

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