“Corporate governance means the process and structures used to direct and manage the business and affairs of the corporation with the objective of enhancing shareholder value; which includes ensuring the financial viability of the business. The process and structure define the division of power and establish mechanisms for achieving the accountability among shareholders, the board of directors and management. The direction and management of the business should take into account the impact on other stakeholders such as employees, customers, suppliers and communities”.
- Decide what you believe should be the top ten rules for a public company’s corporate governance practices; for each of your rules, you are required to:
- Comment on the importance of the guideline in general – explain why the selected guideline is important for any publicly traded company.
- Report on a public company of your choice as to the state of affairs of each guideline. Does the company abide by the guideline? Does the company go beyond the requirements or do they not even address the issue?
- How does the company’s position on each corporate governance issue affect the average investor? How does the companys position on each corporate governance guideline affect the institutional investor?
- What do you believe to be the biggest corporate governance challenges facing public companies in the 21st Century? What have been the drivers for these challenges? Is there an opportunity for these companies to be proactive in their approach or do they tend to be reactive to the legal and regulatory environment as well as the court of public opinion?
Your submission should take the form of a well structured report, appropriately introduced, referenced and concluded. (Approx 20 pages, 5000 words , typed , 1.5 spacing size 12 font )
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