Corporate governance involves the rules and procedures by which companies are directed and controlled. It aims to balance the interests of a company's shareholders, management, and other stakeholders. Key principles of corporate governance include transparency, accountability, integrity, and fairness. Corporate governance frameworks can take a regulatory approach, with strict adherence to rules, or a principle-based approach, allowing flexibility in application.

1. <Corporate Governance>
<Corporate Governance>

2. <Corporate Governance>
<Is the arrangement of rules, practices, and procedures
by which a firm is coordinated and controlled.
Corporate governance includes adjusting the interests
of an organization's numerous partners, investors,
senior administration administrators, clients,
providers, lenders, the legislature, and the network.>
<Corporate Governance>

3. <Corporate Governance>
<1. It must act in the best interest of its owners.
2. Consideration should be given to all stakeholders.
3. It must comply with relevant codes.
4. Consideration should be given to the balance of
power within the board of directors.
5. Fair remuneration should be exhibited.>
<Corporate Governance (Cont.)>

4. <Corporate Governance>
<6. Risk must be monitored and managed.
7. Good ethics must be observed and Corporate Social
Responsibility must be considered.
8. It should employ independent auditors.>
<Corporate Governance (Cont.)>

5. <Corporate Governance>
<Key Concepts and Principles>

6. <Corporate Governance>
<1. Transparency: in a business or administration
setting, is genuineness and receptiveness. Straight
forwardness and responsibility are commonly viewed
as the two fundamental mainstays of good corporate
administration.>
<Key Concepts and Principles (Cont.)>

7. <Corporate Governance>
<2. Accountability: is an affirmation that an individual
or an association will be assessed on their
presentation or conduct identified with something for
which they are mindful.>
<Key Concepts and Principles (Cont.)>

8. <Corporate Governance>
<3. Probity: is a severe adherence to a code of morals
dependent on undeviating genuineness, particularly
in business (financial) matters and past lawful
prerequisites.>
<Key Concepts and Principles (Cont.)>

9. <Corporate Governance>
<4. Equity: is found on an organization's accounting
report and is one of the most widely recognized
money related measurements utilized by examiners
to evaluate the budgetary soundness of an
organization. >
<Key Concepts and Principles (Cont.)>

10. <Corporate Governance>
<1. given set of corporate governance requirements to
be adhered to
2. limited discretion on application and interpretation
3. may not be flexible enough to deal with new and
changing circumstances and business Environments
4. narrower definition of ‘rules’. >
<Regulatory Approach>

11. <Corporate Governance>
<1. key principles need to be complied with
2. different organizations may interpret and apply
principles differently
3. flexibility to handle changing circumstances and
business environments
4. broader definition of ‘rules’>
<Principle-based Approach>

12. <Corporate Governance>
<https://www.mcinnescooper.com/publications/legal-
update-the-top-5-corporate-governance-best-practices-
that-benefit-every-company/>
<https://www.lexology.com/library/detail.aspx?g=79
41d16f-b1cb-4f66-b58a-78bf200d4336>
<Online Supplementary Reading Materials>

13. <Corporate Governance>
<Corporate Governance>;
<https://www.youtube.com/watch?v=ppz3wY5L3uE
>; <21st February 2019>
<Online Instructional Videos>

14. Sum Up
This can help set up a comprehension of the
contrasts among owners and supervisors
and the difficulties that those distinctions
cause.