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GOOD CORPORATE GOVERNANCE. Misbahuddin Azzuhri. Corporate Governance. Ethics. Reflection in a company’s operations of the values and moral principles used in the communities in which they operate
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GOOD CORPORATE GOVERNANCE Misbahuddin Azzuhri
Ethics • Reflection in a company’s operations of the values and moral principles used in the communities in which theyoperate • Successful markets and corporate performance arefounded on a commitment to basic ethical principles aligned as much as possible to the interests ofindividuals, corporations and society • Ethical standards may be expressed in a company’s formal conduct requirements, or contained ingenerally stated principles that guide a company’s preferred conduct or behaviour
Framework • No single model for corporate governance • Corporate governance is a set of principles that may be variously applied in particular circumstances by government, regulators, institutions and corporations • Principles primarily designed to promote confidence in capital markets, but also have general application • OECD has developed broad principles and supporting statements for best practice in corporate governance • Interest shown in OECD principles by non-member Asiancountries
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectives are set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectives are set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY Structure and management of operations to ensure consumer outcomes
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectives are set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY Distribution Consumption
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectives are set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY Distribution • Employment • Structure Consumption
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectives are set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY Distribution • Employment • Structure • Quality • Information • Safety • Redress • Service • Education Consumption
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectivesare set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY Distribution • Employment • Structure • Quality • Information • Safety • Redress • Service • Education Consumption
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectives are set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY Distribution • Employment • Structure Community Standards Industry Standards Company Standards • Quality • Information • Safety • Redress • Service • Education Consumption
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectives are set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY Distribution • Employment • Structure Local Values and Culture Community Standards Industry Standards Company Standards • Quality • Information • Safety • Redress • Service • Education Consumption
Corporate Governance • Defines relationships between management, board, shareholders and other stakeholders • Provides structure through which company objectives are set, achieved and monitored • Recognises the value of business ethics and corporate awareness of society interests to reputation and long-term success COMPANY Distribution • Employment • Structure Local Values and Culture Community Standards Industry Standards Company Standards • Quality • Information • Safety • Redress • Service • Education Codes Consumption
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