INTRODUCTION?

Corporate Governance is an area that has been growing steadily in importance in the last decade. The Cadbury Report of 1992 on the Financial Aspects of Corporate Governance in the UK laid the foundations of corporate governance not just in the UK, but also in countries all over the world, most of who have incorporated its main principles into their own corporate governance codes.

The report defines Corporate Governance as the system by which companies are directed and controlled. Boards of Directors are responsible for the governance of their companies. The shareholders’ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place.The Cadbury Report 1992.

On the Financial aspects of Corporate Governance Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined.Organisation for Economic Co-operation and Development OECD Principles of Corporate Governance 2004

COURSE OBJECTIVES

The aim of corporate governance is to ensure that the boards of directors do their jobs properly.

A guideline, which directs the boards and managements through the best way of utilising the assets of their companies in increasing returns on shareholders’ wealth. Objectives are to help Directors and Senior Managers:

• To take a more strategic view of Corporate governance and project management.

• To explore how effective corporate governance and project management are deployed to reduce poverty in developing countries.

• To create a better understanding of the Corporate governance regulation, and its impact on the organisation decision-making process.

• To understand the different Corporate governance systems around the world with particular reference to developing countries.

• To understand the key features of business ethics and how it impacts on decision making on corporate governance.

• Understanding of who are the Stakeholder groups of the organisation, and what are their interests.

• Understanding of the shareholder theory, which is concerned with the maximization of shareholders’ wealth over the long-term.

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