Although corporate governance in general is a broad

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.

MBA5901: Assignment 1 Student: Ross Badenhorst
Student Number: 53860535
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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).

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