Corporate Governance
An Overview

Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a company is directed, administered or controlled.

Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, management, and the board of directors.

Other stakeholders include employees, customers, creditors, suppliers, regulators, and the community at large.

Corporate Governance is adopted using either a Rules Based or Principles Based approach. In UK and Ireland a Principles Based Approach is applied via The Combined Code (2002, 2006 and 2008).

'Public Company Accounting Reform and Investor Protection Act' (in the Senate) and 'Corporate and Auditing Accountability and Responsibility Act' (in the House) and commonly called Sarbanes-Oxley, Sarbox or SOX, is a United States federal law enacted on July 30, 2002, as a reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom

• http://www.soxlaw.com/

Our Consultants

Christopher J. Barry

Our Consultant has lectured in Corporate Governance to ACCA students.