What is Corporate Governance Essays

2022 Words 9 Pages
Fraudulent Actions
What is corporate governance?
Corporate governance refers to the set of systems, principles and processes by which a company is governed. They provide the guidelines as to how the company can be directed or controlled such that it can fulfil its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term . This definition seemed more appealing as it gave a broader understanding than the other offered definitions. It explains in plain simple terms what exactly corporate governance is and who it involves. Other definitions were vague and didn’t mention some of the participants involved. Corporate governance is a process and a system, and as with any
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Fraudulent Actions
What is corporate governance?
Corporate governance refers to the set of systems, principles and processes by which a company is governed. They provide the guidelines as to how the company can be directed or controlled such that it can fulfil its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term . This definition seemed more appealing as it gave a broader understanding than the other offered definitions. It explains in plain simple terms what exactly corporate governance is and who it involves. Other definitions were vague and didn’t mention some of the participants involved. Corporate governance is a process and a system, and as with any system, it has many parts. Both internal and external actors can have a role in governance. Some examples of internal actors are directors, the company secretary, sub-board management, which are also known as the ‘middle’ management and employee representatives, otherwise known as trade unions.
The topic chosen is fraudulent actions. A fraudulent action can be characterized by, involving, or proceeding from fraud, as actions, enterprise, methods or gains, for example, a fraudulent scheme to evade taxes . A fraudulent practice means any action or omission, including misrepresentation that knowingly or recklessly misleads, or attempts to mislead, a party to obtain financial benefit or to avoid an obligation . Sometimes the law makes people

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