Professional Documents
Culture Documents
GOVERNANCE
BM055-3-2
Learning Outcomes
1. Appreciate the relevance and practical
application of business and professional
ethics in the working world;
2. Explain how corporate social
responsibility and corporate governance
relate to ethics;
3. Highlight the main ethical issues
relating to the natural environment.
Module Code and Module Title
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Principle 1 - Leadership
The board should exercise leadership,
enterprise. integrity and judgment in
directing the corporation so as to achieve
continuing prosperity for the corporation
and to act in the best interest of the
business enterprise in a manner based on
transparency, accountability and
responsibility.
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Principle 5 Compliance
The board should ensure that the corporation
complies with all relevant laws, regulations and
codes of best business practice
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Principle 6-Communication
The board should ensure that the corporation
communicates with shareholders and other
stakeholders effectively.
Principle 7 - Accountability to Shareholders
The board should save the legitimate interests of
the shareholders of the corporation and account
to them fully
Principle 8 Relationship with stakeholders
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Principle 12 Management
Appointment and Development
The board should appoint the chief executive
officer and at least participate in the appointment
of senior management, ensure the motivation
and protection of intellectual capital intrinsic to
the corporation, ensure that there is adequate
training in the corporation for management and
employees, and a succession plan for senior
management
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Principle 13 -Technology
The board should ensure that technology and
systems used in the corporation are adequate to
properly run the business and for it to remain a
meaningful competitor.
Principle 14 -Risk Management
The board must identify key risk areas and key
performance indicators of the business
enterprise and monitor these factors.
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