SARBANES - OXLEY ACT 2002
Pillars of Corporate Governance
Pillars of Corporate Governance 1. Fairness 2. Transparency 3. Accountability 4. Responsibility 5. Protection 6. Growth 7. Compliance
Popular posts from this blog
The Financial Aspects of Corporate Governance: The Cadbury Report- 1992
Chaired by Sir Adrian Cadbury Set up in May 1991 by FRC, the Stock Exchange of London & the accountancy profession. The impetus for the creation of the Committee was a growing lack of investor confidence in the honesty and responsibility of listed companies. Caused in particular by the sudden financial collapse of two companies .[ wallpaper group Coloroll and Asil Nadir's Polly Peck consortium] The final report 'The financial aspects of corporate governance' (usually known as the Cadbury Report) was published in December 1992 and contained a number of recommendations to raise standards in corporate governance. The central components of this voluntary code, the Cadbury Code, identifies three themes : ü The structure and responsibilities of boards of directors. ü The role of auditors and recommendations to the accountancy profession, and ü The rights and responsibilities of shareho...
Comments
Post a Comment