This document provides an overview of a seminar on principles of business and finance. It discusses why corporate failures and accounting scandals happen, and how fraud can occur through techniques like "Tobashi" used in the Olympus scandal. It examines the Olympus case where losses were shifted through shell companies and loans. The document also defines corporate governance as the system to ensure companies are well run, and lists some key aspects of governance practice like board structure, committees, controls and reporting. Finally, it provides an exercise for students to assess corporate governance in a FTSE 100 company.