Corporate Governance Case Study

1.0 Introduction

Corporate Governance is an issue of growing concern and importance in today’s society. Internationally we have seen the failure of top companies such as Enron in 2001 and WorldCom and locally as well with the collapse of the Colonial Life Insurance Company Limited (CLICO) Conglomerate and the Hindu Credit Union (HCU) Companies as a result of poor Corporate Governance. These produced various negative social, economic and psychological impacts on society, giving rise to the need of effective Corporate Governance.

The British Academy is a private educational institute in existence since 2006 and offers the UK Curriculum. Their school offerings are geared primarily to cater to the needs of British expatriates, parents, educators and anyone who desires an alternative to the National education system in Trinidad. Classes are small to cater for individual attention and a more focused approach of teaching. The teaching staff comprises of a combination of local and international expertise from countries such as England, Ghana and Jamaica. The school culture is a very tight-knit one, which encourages close and frequent communication among staff, students and parents.

Their strategic vision is to deliver a high quality of Secondary Education comparable to International Standards but also keeping in alignment with local values. Their overall aim is to remain competitive whilst producing well-balanced individuals ready to enter and contribute to society.

Whilst British Academy may be one of the only schools offering the UK Curriculum in Trinidad, their main competitors stem from new and existing schools that also offer alternative options to public schooling. They also face several issues that may hamper their performanc...

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...ritish Academy needs to be separated to avoid power abuse and other conflicts. This segregation will help to more clearly define roles and responsibilities in achieving objectives.

6.0 Conclusion

Effective Corporate Governance is the foundation for the success of any corporate entity.
Good Corporate Governance varies with each organization and is characterised by transparency, accountability, risk oversight, compliance of laws and regulations, corporate responsibility and fairness. It is the ability to create economic and shareholder value, whilst balancing the complex relationships that exist in the context of the organization
In order for British Academy to meet its long-term strategic objectives and achieve competitive advantage over its competitors, it is imperative to revamp their present governance systems to include good governance practices as outlined