Corporate strategy is the overall scope and direction of an organization and the way in which its business operations work together to achieve particular goals in the short, medium and long term. A pivotal role of the Board of Directors is to provide leadership in the development and execution of a Strategic Plan for the […]
“Fundamentally, governance is governance. There is no substantive difference in good governance between public companies and not-for-profit organizations; in fact, many NPOs have governance practices that equal the best practices of many public companies” – Deloitte Center for Corporate Governance. According to the exposure draft of the Financial Reporting Council (FRC) National Code of Corporate […]
“Ethics or simple honesty is the building block upon which our whole society is based, and business is a part of our society, and it is integral to the practice of being able to conduct business, that you have a set of honest standards”. – Kerry Stokes Corporate governance is an encompassing concept that defines […]
“The battle for financial statement integrity and reliability depends on balancing the pressures of multiple stakeholders, including management, regulators, investors and the public interest” American Institute of CPAs. The Audit Committee is widely recognized as an important mechanism required to ensure good corporate governance.Section 359 (3) & (4) of the Companies and Allied Matters Act […]