AYB311 Lecture Notes - Financial Statement, Efficient-Market Hypothesis, Competitive Advantage
Document Summary
Highly publicised cases of corporate misconduct and concerns over the management of corporations. Lecture 1 corporate governance: the national australia bank, hih, one tel look these companies up on the internet. Problems with the management of corporations: use of resources, actions, provision of information, performance. Has resulted in an increase in the use of corporate governance: management has taken action to meet consumer expectations. There is not one size fits all. The system by which business corporations are directed and controlled. This is an anglo-saxon view of corporate governance. The pluralist view considers stakeholders beyond the narrow interests of shareholders, e. g. employees, the public, etc. Required or desired: nature of the particular corporation and its activities, the environment in which the corporation operates. Asx corporate governance principles and recommendations clerp 9 2004: lay solid foundation for management and oversight, structure the board to add value, promote ethical and responsible decision-making. Based on reforms in the uk/us beginning in the 1980s.
