Corporate Governance

Name: Corporate Governance
Rating: 4.0 (40 reviews)

Corporate Governance is basically a detailed disclosure of information and an account of an organization’s business

Created byManagement Study Guide

Last updated 4/2019

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What you'll learn

Explain What is Corporate Governance
Define Corporate Governance
Explain What is a Corporation
Describe the Features of a Corporation
Explain What is Good Corporate Governance
Explain the Sarbanes Oxley Act
Describe the Role of Government in Corporate Governance
Describe the World Bank Directives for Corporate Governance
Explain the Factors Directing Corporate Behavior
Describe the Emerging Best Practices of Corporate Governance
Explain What is Corporate Social Responsibility
Explain the Role of Board of Directors in Corporate Governance
Describe the Benefits of Corporate Governance
List the Principles of Corporate Governance
List the Rules of Corporate Governance

Course content

1 section • 16 lectures • 1h 2m total length

Introduction4:22
Define corporate governance, outline objectives and board roles, and explore Sarbanes-Oxley and World Bank directives, with a Satyam case study.
Explain What is Corporate Governance3:07
Corporate governance explains how the board, management, and shareholders balance economic, social, and ethical goals through transparency and accountable decision making.
Define Corporate Governance1:51
Define corporate governance as a system of rights, processes, and controls over management, varying by culture. It distributes rights among board, managers, and stakeholders to set objectives and monitor performance.
Explain What is a Corporation3:06
Explain a corporation as a nexus of contracts where parties provide capital, labor, and expertise to maximize profits for all, while remaining legally separate from owners.
Describe the Features of a Corporation2:26
Describe the features of a corporation, including limited liability, transferability of holdings, and legal personality, and explain how society regulates corporate actions amid evolving, darwinian corporate processes.
Explain What is Good Corporate Governance2:22
Balance stakeholder needs and resolve conflicts of interest through governance that upholds transparency, accountability, law, economic efficiency, ethical behavior, and fair treatment while pursuing profits with disclosure.
Explain the Sarbanes Oxley Act4:21
The Sarbanes-Oxley Act enforces greater corporate oversight and ethical accountability to protect shareholders and restore public confidence after the Enron and WorldCom scandals.
Describe the Role of Government in Corporate Governance6:28
Describe the role of government in corporate governance, including regulation, sanctions, ethics codes, and transparency efforts like Sarbanes-Oxley, whistleblowing, and CEO-CFO certification to protect shareholders and society.
Describe the World Bank Directives for Corporate Governance3:40
Describe the World Bank directives for corporate governance in emerging economies and examine how transparency, independent oversight, and accountability guide corporate decisions affecting economies and communities.
Explain the Factors Directing Corporate Behavior7:11
Explore the factors directing corporate behavior within the market ecosystem, including profit, corporate social and environmental responsibility, consumer preference, absence of regulations, and fair, ethical, and transparent governance.
Describe the Emerging Best Practices of Corporate Governance2:43
Increase transparency and accountability to restore trust among shareholders and consumers. Embed stricter regulation, ethical reporting, and consumer-protective measures such as the Dodd-Frank Act to guide governance.
Explain What is Corporate Social Responsibility4:22
Explain corporate social responsibility within governance, highlighting how firms address negative externalities and pursue sustainable, stakeholder-focused practices under UN Global Compact guidelines and signature CSR programs like Shiksha.
Explain the Role of Board of Directors in Corporate Governance11:02
Explore the role of the board of directors in corporate governance, including how institutional investors counterbalance agency problems and uphold long-term shareholder interests through independent directors' oversight.
Describe the Benefits of Corporate Governance1:01
Strengthen investor confidence and raise capital through corporate governance. Reduce wastage, corruption risks, mismanagement, lower capital costs, boost share price, and align owners' and managers' incentives with stakeholders' interests.
List the Principles of Corporate Governance0:50
Identify principles of corporate governance, including ethical approach, organizational image and culture, balanced objectives, roles of key players such as nurse directors, stakeholder agreement, equal participation, and accountability and transparency.
List the Rules of Corporate Governance3:33
Explore the golden rules of corporate governance, emphasizing ethical business practices, alignment of goals, stakeholder value through decision-making, organizational structure, governance processes, and transparent reporting.

Requirements

No prior knowledge is required

Description

Corporate Governance is basically a detailed disclosure of information and an account of an organization’s financial situation, performance, ownership and governance, relationship with shareholders and commitment to business ethics and values. Corporate Governance is basically a detailed disclosure of information and an account of an organization’s financial situation, performance, ownership and governance, relationship with shareholders and commitment to business ethics and values.

Corporate Governance is the interaction between various participants such as shareholders, board of directors, and company’s management, in shaping a corporation’s performance and the way it is proceeding towards. The relationship between the owners and the managers in an organization must be healthy and there should be no conflict between the two. The owners must see that individual’s actual performance is according to the standard performance. These dimensions of corporate governance should not be overlooked.

Corporate Governance deals with the manner the providers of finance guarantee themselves of getting a fair return on their investment. Corporate Governance clearly distinguishes between the owners and the managers. The managers are the deciding authority. In modern corporations, the functions/ tasks of owners and managers should be clearly defined and should be harmonizing.

Corporate Governance deals with determining ways to take effective strategic decisions. It gives ultimate authority and complete responsibility to the Board of Directors. It is interesting to note that the definition of corporate governance changes in different cultural contexts. For example: Let us look at a definition provided by the Center of European Policy Studies or CEPS. CEPS define corporate governance as:

“The whole system of rights, processes and controls established internally and externally over the management of the business entity with the objective of protecting the interests of the stakeholders.”

Who this course is for:

People who are working in corporate sector
All levels of management staff
Managers
Government agencies connected with corporate governance affairs