Corporate governance

Running head__Corporate Governance

Corporate Governance (university cover template

TABLE OF CONTENTS

Executive Summary 4

1 . Introduction

2 . Definition of Corporate Governance 5

3 . Principles of Corporate Governance : The ASX Recommendations

Principle 1 : By laying solid foundations for management and oversight structures , this will help establish and disclose Board and Management roles , functions as well as responsibilities

Principle 2 : By structuring the board in terms of balance , size commitment and competence to discharge duties and responsibilities these will tend to add value to the policy-making functions of the

corporation

Principle 3 : By actively promoting ethical and responsible decision making , companies will be able to generate goodwill and credibility in its decision processes

Principle 4 : By safeguarding the integrity in financial reporting companies must establish a structure to independently verify and provide assurance on the integrity of their financial reporting

Principle 5 : By making timely and balanced disclosure of all material matters concerning the company

Principle 6 : By respect the rights of shareholders and facilitating the effective exercise of those rights

Principle 7 : By recognising and managing risk through a sound system of oversight and internal control

Principle 8 : By remunerating fairly and responsibly through ensuring the level and composition of remuneration through a sufficient , reasonable basis and that its relationship to performance is clear

4 . Corporate Governance and Ethics 6

Showcasing the ASX Corporate Governance Structure

5 . Evaluating the company 's Corporate Governance system 8

The National Australia Bank

7 . Conclusions 9

8 . Recommendations 9

9 . References 11

Executive Summary

The...