السبت,1 أكتوبر 2011 - 12:00 ص
: 4197
elhossien@hotmail.com
Procedures and processes for how private sector organisations are directed, managed and controlled, including the relationships between, responsibilities of and legitimate expectations among different stakeholders (Board of Directors, management, shareholders, and other interested groups).23
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Example in practice
The Board of Directors of General Electric (GE) oversees how management serves the interests of shareowners and other stakeholders on a variety of issues of corporate governance. In the past, theBoard has received briefings on the company’s controllership, compliance and litigation trends andenvironmental risk management.
Relevant links
—— European Corporate Governance Institute.
—— Global Compact: Business against Corruption.
—— Global Corporate Governance Forum.
—— International Corporate Governance Network.
—— OECD Principles of Corporate Governance.
23 Institute of Chartered Accountants, Corporate Governance