Publisher's Synopsis
In the light of corporate scandals in the US and the publication of the amended Combined Code in the UK, the term corporate governance is more prominent than ever, but it is often hard to define exactly what it means and what its objectives should be. This guide aims to correct this by defining the field, focussing on corporate governance's central theme: how rights and responsibilities are shared and exercised by different stakeholder groups to ensure common business objectives.;This guide highlights the issues at the heart of corporate governance: board structures and performance, financial reporting and auditing, risk-taking and shareholder communications. Also included are the key concepts associated with best governance practice, such as transparency, accountability and fairness, and an analysis of why ethical conduct in business is such a core tenet of the corporate governance agenda.
