Importance Of Corporate Governance

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Introduction 2
Corporate governance Requirements………………………………………..………..……………...….3
The link betwwen Governance, Risk management, and Compliance (GRC) 4
The major procedures to apply the overview requirements 5
The importance of corporate governance practices 6
The benefits of corporate governance practices 7
Conculison………………………………………………………………………………………………..8
References…………………………………………………………………………………….………..9

Introduction

Recently the globalization of financial sector, and banking markets involved many important issues regarding to corporate governance regulation for banking enterprises and this includes Changes in regulatory framework
In both UK and European Union the Governments and regulators have been encouraging institutional investors to be at the top of the movement towards a new responsible capitalism.
The Financial Reporting Council (FRC) announced on 28th Sep 2012 changes in UK Corporate Governance Code and Stewardship Code, as a response to the Euro crisis, also to eliminate the corporate mistakes. These changes intended to increase accountability and engagement during the investment chain, also to monitor and take action in order to promote the quality of corporate reporting and auditing.
According to that, this paper discusses some of the basic issues into Good International corporate governance process including Corporate Governance teamwork performance during 2012.
So to speak the guidance shows the relationship between corporate governance, risk management, and compliance (GRC), which involves overview of the requirements in the past with the new requirements that appeared recently in order to improve the corporate compliance in the future.
Furthermore, the report shows the results that already achieved by t...

... middle of paper ...

... company.
Secondly, according to Corporate Governance Code and Stewardship Code change in UK, The Company designed change in Corporate Governance to give investors greater insight into what company boards, and know what audit committees are doing to enhance their interests, and give them a better basic engagement. Also improve the internal leadership in the company and ensure that the business matching with the management strategy.
Thirdly, identify occasion procedures to ensure that the Governance requirements implemented during publish the financial reports in the corporate website and meet the shareholders needs by shareholder engagement in the stewardship.

Finally, it will mention the importance of achieve this practices which will help to fix the material failures and the weakness in the internal control, and the company benefits of apply governance practices.

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