Acc 511 Corpporate Governance & Accountability Essay example

1856 Words 8 Pages
Table of content

1. Question 1

1. Introduce to Corporate Governance

2. Governance makes a Difference

3. Failures of Corporate Governance

4. Failures in Major companies

5. Reform of Corporate Governance

6. Conclusions

2. Question 2

1. Introduce to Cadbury Report

2. Conclusions

3.0 References

Question 1

Based on the above it has been stated that “the problem is not a failure to comply with rules but a failure in governance practice”. Do you agree and why? (10 Marks)
Introduce to Corporate Governance Corporate governance looks at issues pertaining to transparency, integrity, effectiveness and accountability in the management of
…show more content…
As a result, the reform of corporate governance has developed debating the directors should act in the interests of all those to whom they owe duties, or the stakeholders. A more complex regulation of company law has developed to prevent recurring scandals. In modern days, corporate governance has been defined as the way in which companies are directed and controlled by Sir Adrian Cadbury. Sir Adrian Cadbury also proposed a voluntary code of

governance based on best practice principles after failures at Barings Bank and Polley Peck in 1992. The code of best practice is underlying the idea of disclosure.
Governance Makes a Difference A good system and governance makes sure that the organizations delivered good result to the boards and generate business profits. The relative effectiveness of corporate governance has become a role on how well the organizations perform. Similar, with organizations that have performed poorly; it is commonly the problems found in poor governances and poor of board structures. That is, an effective board of directors and structures carry out its’ integrity and competence. When individuals serve as board members: - directors, officers, auditors and employees, they undertake a serious fiduciary responsibility. They represent themselves integrity and make sound decisions. Corporate governance influences employee’s work attitudes, behaviors and perceptions. Corporate governance represents a system of shared values

Related Documents