Corporate governance Set of practices

Business ethics System of laws and guidelines

Good governance Help corp to keep good balance
Social responsibility
Sole proprietorship Owned by one person
Mutual agency Partner is binding in all other partner
Artificial being Judicial person separate and distinct from owners
Power, attribute and Authorized to do activities
properties
Shareholders People who invest capital
employees People who contribute skills and abilities
IMPORTANCE OF 1. Drive home that business is for long term growth of
BUSINESS ETHICS business itself
2. Long term creation of wealth
3. Creation of better social image
4. Build investor confidence
STAKEHOLDERS 1. Management
2. Creditors
3. Shareholders
4. Employees
5. Client/customers
6. Government
7. Public

Purposes 1. Early stage of survival

2. To increase profit
3. To offer vital services to general public
4. To offer vital services to the mass market
Values 1. Transparency
2. Accountability
3. Prudence
4. Trust
5. Confidence
6. Stewardship