Scope of Corporate Governance

Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals.

The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources.

The aim is to align as nearly as possible the interest of individuals, corporations and society.

The foundation of any structure of corporate governance is disclosure. Openness is the basis of public confidence in the corporate system and funds will flow to centers of economic activity that inspire trust.”  

                                

   J  Sir Adrian Cadbury

The OECD Principles of Corporate Governance

The code provides a framework for efficient and transparent running of listed companies to enhance shareholder value. The regulators need to be vigilant to enforce the code in its true spirit.

• Protect rights of shareholders
• Recognize the rights of shareholders
• The Role of Stakeholders in Corporate Governance
• Key Ownership Functions
• Timely and accurate disclosures
• Responsibilities of the Board of Directors