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What is strategic audit? Explain its relevance to corporate strategy and corporate governance
Good governance, good performance Poor governance, poor performance
The law requires that the directors do this.
Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or
to raise the company's corporate-governance standards.
A corporate governance statement of compliance refers to a document that provides an overview of a company's adherence to corporate governance principles, regulations, and standards. It outlines the company's commitment to good governance practices, including its compliance with applicable laws, ethical standards, and guidelines. This statement is typically included in the company's annual report or other public disclosures to inform stakeholders about its governance practices.
Stephen Bloomfield has written: 'The Small Company Pilot' 'Theory and practice of corporate governance' -- subject(s): BUSINESS & ECONOMICS / Management, Corporate governance 'Reading Between the Lines of Company Accounts'
Corporate governance is a set of relationships between a company's directors, its shareholders and other stakeholders. it also provides structure through which the objectives if the company are set, and the means of obtaining these objectives and monitoring performance are determined. In short, corporate governance is a system by which an organisation is controlled.
Liabilities are linked to corporate governance as they represent obligations that a company owes to external parties. Effective corporate governance helps ensure that these liabilities are managed and disclosed properly, promoting transparency and accountability within the organization. Good governance practices also help in monitoring and managing risks associated with liabilities, ultimately safeguarding the company's financial health and reputation.
A nominee director of a company is appointed to ensure that the affairs of the company are conducted as dictated by the law governing company and to ensure good corporate governance. A nominee director represents a law governing company and he ensures the interests of the company he represents.Nominee directors don't have much active role in a company. The nominee director would normally charge for the services of putting his name to an organization. Nominee directors share the same level of responsibilities as do normal directors.
Reliance
why do you thing the corporate governance statement was incorporated into the annual report