corporate governance
Table of Contents
目录
Executive Summary:
Corporate governance is an essential part of modern company operations and management , it relates to business ethics, code of conduct and system to manage a company. However, there are many corporate scandals due to the failure of corporate governance. This report analyzes the corporate governance from multiple aspects. It is through the understanding the relationship between corporate governance and business ethics, evaluating the ASX principles as a guidelines to corporate governance and analyzing the National Australia Bank’s corporate governance. ASX principles referring to problems such as business ethics, code of conduct, diversity and risk management are explained with analyzing and instances, and well carried out by National Australia Bank
1. Introduction
With corporations close down in financial crisis, the problem of corporate governance has been concerned again. Bad corporation governance and poor business ethics can take many problems to a company, such as internal corruption, cheating investors and weak risk management. This report will address three questions about corporate governance. Firstly, this report will explain the definition of corporate and its relationship to business ethics. Secondly, it will examine three Australian Securities Exchange (ASX) principles with ethics and recommendations of corporate governance. Finally, it will evaluate corporate governance statement of National Australia Bank (NAB) , which is a financial company, and assess the efficiency that associate with ethics in ASX principles.
2. Corporate governance and business ethics
Corporate governance is a way that a company is ordered, managed and controlled. It influences companies in how to set and achieve goals, how to monitor and assess risks, how to optimize performances (ACCA and KPMG2009, p.2).The aim of corporate governance is to balance the interests among corporation board, its management and share holders
目录
Executive Summary:
Corporate governance is an essential part of modern company operations and management , it relates to business ethics, code of conduct and system to manage a company. However, there are many corporate scandals due to the failure of corporate governance. This report analyzes the corporate governance from multiple aspects. It is through the understanding the relationship between corporate governance and business ethics, evaluating the ASX principles as a guidelines to corporate governance and analyzing the National Australia Bank’s corporate governance. ASX principles referring to problems such as business ethics, code of conduct, diversity and risk management are explained with analyzing and instances, and well carried out by National Australia Bank
1. Introduction
With corporations close down in financial crisis, the problem of corporate governance has been concerned again. Bad corporation governance and poor business ethics can take many problems to a company, such as internal corruption, cheating investors and weak risk management. This report will address three questions about corporate governance. Firstly, this report will explain the definition of corporate and its relationship to business ethics. Secondly, it will examine three Australian Securities Exchange (ASX) principles with ethics and recommendations of corporate governance. Finally, it will evaluate corporate governance statement of National Australia Bank (NAB) , which is a financial company, and assess the efficiency that associate with ethics in ASX principles.
2. Corporate governance and business ethics
Corporate governance is a way that a company is ordered, managed and controlled. It influences companies in how to set and achieve goals, how to monitor and assess risks, how to optimize performances (ACCA and KPMG2009, p.2).The aim of corporate governance is to balance the interests among corporation board, its management and share holders
References: a) ASX Corporate Governance Council, 2010,’Corporate Governance Principles and Recommendations with 2010 Amendments’. f) ACCA & KPMG, 2009, ‘Corporate Governance’, ACCA UK Press g) Stin,2003, ‘Corporate Governance and Development’, Global Corporate Governance Forum