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Dealing with Corporate Governance and Accountability Predicaments. Nelson Nyoro

Explore the definition, pillars, and theories of corporate governance, as well as the pay-offs and simulations associated with good governance. Understand the role of audits in bridging information asymmetry and the risks that come from not knowing what you are doing, as famously stated by Warren Buffet. Discover the interrelationships between the board, shareholders, employees, and other stakeholders in pursuit of pre-stated goals. Learn about the principles of co-operatives and how they align with corporate governance. Evaluate the importance of education, training, and information in an efficient market. Lastly, delve into the processes, policies/procedures, structures, and actions employed by a board to oversee and monitor an organization, ensuring it can achieve its objectives.

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Dealing with Corporate Governance and Accountability Predicaments. Nelson Nyoro

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  1. Dealing with Corporate Governance and Accountability Predicaments. Nelson Nyoro Co-operative practitioner and Scholar Uphold public interest

  2. Objectives of the discussion Definition of corporate governance Identify the pillars of corporate governance Review of theories and implications Pay-offs of good governance Simulations

  3. Audit bridges information asymmetry Risk comes from not knowing what you are doing Warren Buffet

  4. Definition of Corporate Governance I The  acceptable  interrelationships  between  the Board,  the  shareholders,   employees  and   other   stakeholders  in pursuit of  pre-stated goals.

  5. Review of theories Agency theory(The agent may be succumbed to self-interest, opportunistic behavior and falling short of congruence between the aspirations of the principal and the agent’s pursuits). Political theory Captive theory Broken window theory Steward theory

  6. Co-op Principles and corporate governance • Voluntary and open membership; ( Win the market and retain) • Democratic member control; • Economic participation by members; • Autonomy and independence; ( Less of Govt)

  7. Co-op Principles and corporate governance • Voluntary and open membership; ( Win the market and retain) • Democratic member control; ( Political theory and Captive Theory) • Economic participation by members; • Autonomy and independence; ( Less of Government)

  8. Co-op Principles and corporate governance • Education, training and information; ( Efficient market hypothesis) • Co-operation among co-operatives • Concern for community in general ( Corporate citizenship)

  9. Definition of Corporate Governance II The processes, policies/ Procedures, structures, actions employed by a Board to oversee and monitor an organization so that it can achieve it`s objectives.

  10. Bankers/Lenders Parties to corporate governance Employees Governance shareholders Govt Competitors Customers

  11. Legal framework Pillars of corporate governance Internal controls Governance leadership stewardship Accountability Authority

  12. What does it benefit an organization? Corporate Governance is central to the a Firm’s approach toward the enhancement of shareholder value.

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