"GOVERNANCE is the exercise of political‚ economic and administrative authority to manage a nation ’s affairs. It is the complex mechanisms‚ processes and institutions‚ through which citizens and groups articulate their interests‚ exercise their legal rights and obligations‚ GOVERNANCE is "… the traditions and institutions by which authority in a country is exercised for the common good. This includes (i) the process by which those in authority are selected‚ monitored and replaced‚ (ii) the capacity
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PAGE 1. INTRODUCTION……………………………………………………………… 1 1.1 Defining Corporate Governance………………………………………… 2 1.2 Principles of Corporate Governance……………………………………. 3 1.3 Importance of Corporate Governance………………………………….. 4 1.4 Objective…………………………………………………………………… 5 1. DIRECTORS & CORPORATE GOVERNANCE in INDIA……………….. 6 2.5 Need for Directors- Who is a Director…………………………………... 7 2.6 Statutory Definition of Director……………………………………………
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what is meant by the term ‘clinical governance’ AND discuss the implications and impact of clinical governance on practicing pharmacists and pharmacy services. Throughout the world‚ societies are striving to determine how best to organise their health systems and deliver services. Increasingly‚ there is recognition that the development and evaluation of new therapies and diagnostic tools is only part of the answer to better health care(1). Clinical governance first began to appear in the NHS vocabulary
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Beyond the Moral Panic: The Good Governance Option to Youth Socio-Economic Empowerment in Nigeria By Toyin Abe Department of Political Science University of Ado-Ekiti Ekiti State‚ Nigeria Email: toyinabe777@yahoo.com Phone: +234-803-860-9848 Abstract The protracted economic crisis that plaque Nigeria since the early 1980s has impacted negatively on the well-being of youth in the country. The situation is further
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Corporate Governance Corporate Governance Corporate governance is concerned with set of principles‚ ethics‚ values‚ morals‚ rules regulations‚ & procedures etc. Corporate governance establishes a system whereby directors are entrusted with duties and responsibilities in relation to the direction of the company’s affairs. The term “governance” means control i.e. controlling a company‚ an organization etc or a company & corporate governance is governing or controlling the corporate bodies
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Definition of Corporate Governance “The process and structure used to direct and manage the affairs of the business towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long-term shareholder value‚ whilst taking into account the interests of other stakeholders”. Prior to the establishment of this definition‚ there were 4 others namely by; The Cadbury Report (1992) defined corporate governance as „a whole system of controls by which
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Corporate Governance The system of rules‚ practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of the many stakeholders in a company - these include its shareholders‚ management‚ customers‚ suppliers‚ financiers‚ government and the community. Since corporate governance also provides the framework for attaining a company’s objectives. Corporate governance refers to the structures and processes for the direction
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Enterprise Governance Enterprise Governance involves both corporate governance and the business managements inside an organization. There are huge challenges and opportunities under enterprise governance that it actually links with the performance of good corporate governance that move the business forward. Enterprise governance considers the big picture that guides good management to align with good strategic goals‚ more about achievement at the end. Same as corporate governance‚ enterprise governance
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important factor. The most advocated board diversity aimed at insuring the board’s independence is not valid across all ownership configurations. From a public policy perspective‚ results provide support for the principles-based approach in governance. Governance regimes should encourage the search for a balance between board diversity and the need for cohesion that best serves the firm’s purpose and obligations. Introduction Board’s diversity and its effect on firm performance have been extensively
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1.1 Introduction Corporate governance has been the subject of numerous theoretical and empirical studies especially after the fraudulent reporting scandals such as Enron‚ World.com‚ Adelphia‚ and Parmalat.it has come to mean many things. Traditionally and at fundamental level the concept refers to corporate decision making and control‚ particularly the structure of the board and its working procedures‚ Hermes (1994). Jenifer (2002) defines corporate governance as a set of interlocking riles by which
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