Corporate Governance And Corporate Management Essay
These collapses have thrown a light on the importance of implementation of proper corporate governance into practice. The companies failed because of the poor structure designed by the board, which allowed board of directors to exercise immense managerial power.
According to (BHP Billiton, 2012), It has been listed on Australia
Securities Exchange and it conforms to all corporate governance principals and its recommendations. It has been delivering all the detailed evidence required in their reports annually. BHP Billiton main purpose is to build and maximise long-term value of its shareholders through new invention, attainment, improvement and advertising of natural resources. Their board team is responsible for the reliable performance of its ongoing and future business scheme and assurance to provide clear and excellent governance. The company’s main goal is to implement superior quality governance that helps them in producing long…