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| Name | Principles of Corporate governance & Theories of Corporate Governance (Management video 37) |
| Video Uploader | Video From Marketing91 |
| Upload Date | This Video Uploaded At 26-11-2020 10:23:55 |
| Video Discription | View all our courses and get certified on https://academy.marketing91.com Next - Corporate Social Responsibility Part 1 - https://youtu.be/ZyO4HZMyDW0 Prev - Corporate Governance - https://youtu.be/lPZJ4osCpqU Full Management course - https://www.youtube.com/playlist?list=PLvDdvz8B_JZtyWNHJ_pY4qtR9OwyWTM8P Principles and Theories of Corporate Governance help in shaping the performance of an organization positively. Principles of Corporate Governance 1. Equal and fair treatment to all the stakeholders 2. Corporate accountability by explaining the actions and conduct of the organization 3. Responsibility of the Board of Directors in assuming and exercising their authority 4. Transparency and willingness to disclose information to the stakeholders Characteristics of Good Corporate Governance 1. Full participation 2. Harmony and accord 3. Accountability 4. Transparency 5. Responsive nature 6. Inclusive 7. Effective 8. Follows law 4Ps of Corporate Governance 1. People – All stakeholders must clarify the people orientation of corporate governance. 2. Purpose – Measurable and actionable purpose that must be communicated to the stakeholders. 3. Process – Comply with all rules and regulations in process management, process innovation, and process compliance. 4. Performance – Measured and analyzed performance to achieve growth. Benefits of Good Corporate Governance To business 1. Transparency 2. Good corporate image 3. Creates CSR 4. Ensures ethical business activities To organization 1. Improved employee commitment 2. Exemptions from the government 3. Improved company reputation and image 4. Increased repeat business 5. Minimizing fraud cases To other involved parties 1. Informed shareholders 2. Fair employment policies 3. Quality products at fair prices Issues in Corporate Governance 1. Internal controls and auditors 2. Quality of external auditors 3. Oversight in financial statements 4. Management of risk 5. Compensation review of senior management 6. Dividend policy Theories of Corporate Governance 1. Agency Theory Understand the relationship between agents and principals 1. Shareholder Theory The management must work to meet the shareholder’s needs as this will generate wealth and will benefit society as a whole 1. Stakeholder Theory Fair and honest treatment to all the stakeholders 1. Stewardship Theory 2. It argues in favor of a structure that will lead to a harmonious relationship between managers and owners This video is on Principles of Corporate Governance and it has the following sub-topics. Time Stamps 0:00 Introduction to Principles of Corporate governance & Theories 00:34 Principles of Corporate Governance 01:55 Characteristics of Good Corporate Governance 02:12 4Ps of Corporate Governance 03:21 Benefits of Good Corporate Governance 04:23 Issues in Corporate Governance 05:02 Theories of Corporate Governance |
| Category | Education |
| Tags | Management | Corporate governance |
