By the end of this session you should be able to:

  • describe corporate governance
  • explain the interaction of corporate governance with business ethics and company law
  • explain the purpose, definition of the Organisation for Economic Co-operation and Development (OECD) principles of Corporate Governance
  • describe IFAC’s main drivers of sustainable corporate success
  • illustrate CIMA’s practical proposals for better corporate governance
  • distinguish between detailed rules-based and principles based approaches to governance
  • describe the role of the board and different board structures
  • explain the effects of corporate governance on directors’ powers and duties
  • describe the types of policies and procedures that constitute ‘best practice’
  • describe the respective committees and their roles and responsibilities with regards monitoring and controlling the actions of the Executive

and answer questions relating to these areas.