Corporate governance and social responsilbility

[Snehal K]

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[Ravinee B]

can i please get the notes on coporate governance please

[Snehal K]

Corporate governance:


represents set of policies and procedures that determine how an organisation is directed, administered and controlled

typical components: accountability, compliance transparency and integrity

extends to organisation’s shareholders and stakeholders


Social responsibility:


represents organisation’s conscience or organisation’s responsibility to treat all stakeholders ethically and with certain degree of care

extends to organisation’s stakeholders and society at large


Appropriate standards of corporate governance and social responsibility:


ensure that organisation’s actions and decisions remain ethical, moral and in line with the best interests of shareholders, stakeholders and society

not only moral but also becoming a legal requirement for organisations

economically beneficial for the organisation in long run