This preview shows page 1 - 319 out of 319 pages. Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 319 pages? Upload your study docs or become a Course Hero member to access this document COLLEGE OF BUSINESSADMINISTRATIONDisclaimer:This module is for class discussion purposes only, and not for publication.The illustration problems were adapted from the sources & references.Sources / Prescribed Textbook: Corporate Governance, Business Ethics, Risk management and InternalControl By: Ma. Elenita Balatbat Cabrera and Gilbert Anthony B. Cabrera 2019-2020 EditionCorporate Governance, Business Ethics, Risk management andInternal ControlMODULE 2•Lecture / Discussions•Read Chapter 2–Corporate Governance Responsibilities and Accountabilities•Prescribed textbook / physical book: Corporate Governance, Business Ethics,Risk management and Internal Control By: Ma. Elenita Balatbat Cabrera andGilbert Anthony B. Cabrera 2019-2020 Edition•Assignment / Quiz (Uploaded in LMS / Blackboard)Learning objectives:The learners shall be able to explain the relevance of good governance to bothlarge publicly-listed companies and SMEs.The learners shall be able to know the relationship between shareholders orowners and other stakeholders.Lecture / Discussion:CORPORATE GOVERNANCE RESPONSIBILITIES AND ACCOUNTABILITIESRelationship Between Shareholders / Owners and Other StakeholdersGovernance starts with the shareholders / owners delegating responsibilitiesthrough an elected board of directors to management and in turn, to operating units withoversight and assistance from internal auditors. The board of directors and its auditcommittee oversee management and, in that role, they are expected to protect theshareholders’ right. It is important to recognize that management is part of the governanceframework, management can influence who sits on the board of directors and the auditcommittee as well as other governance controls that might be put into place.In return for responsibilities given to management and the board of directors,governance demands accountability back through the system to the shareholders.However, the accountabilities do not extend only to the shareholders. Companies alsohave responsibilities to other stakeholders. Stakeholders can be anyone who isinfluenced, whether directly or indirectly by the actions of a company. Management andthe board of directors have responsibilities to act within the laws of society and to meetvarious requirement of creditors, employees and the stakeholders. Stakeholders has aninterest in the quality of corporate governance because it has a relationship to economicperformance and the quality of performance.
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 Corporate Governance, Risk Management & ControlNeuvel, Willem INHOUDSOPGAVE – STRENG (2015) Chapter 1 – Introduction2 Chapter 2 – Stakeholders in Corporate Governance2 Chapter 3 – Business Ethics4 Chapter 4 – Internal Control4 Chapter 5 – Enterprise Risk Management6 Chapter 6 – The key role of information systems in corporate governance, internal control and risk management9 Chapter 9 – The King code on Corporate Governance for South Africa10 Chapter 10 The Dutch Corporate Governance Code11 1 |
Corporate governance, Business Ethics, risk management and Internal control Cabrera Answer Key
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