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  • G4 C5 5.3, 5.4.1 (A&b) DAT5A DPA50173

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    This document discusses the importance of corporate governance and social responsibility in organizations. It explains that corporate governance helps attract investors, promotes accountability, and mitigates risks. Social responsibility enables better customer engagement, supports communities, and increases employee motivation. The document also outlines key developments in corporate governance, including recommendations from the 1992 Cadbury Committee regarding board structure and independence, and the 1995 Greenbury Committee's focus on director remuneration and accountability.

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    G4 C5 5.3, 5.4.1(a&b )DAT5A DPA50173

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    This document discusses the importance of corporate governance and social responsibility in organizations. It explains that corporate governance helps attract investors, promotes accountability, and mitigates risks. Social responsibility enables better customer engagement, supports communities, and increases employee motivation. The document also outlines key developments in corporate governance, including recommendations from the 1992 Cadbury Committee regarding board structure and independence, and the 1995 Greenbury Committee's focus on director remuneration and accountability.

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    4 views10 pages

    G4 C5 5.3, 5.4.1 (A&b) DAT5A DPA50173

    Uploaded by

    Deco Ravi
    This document discusses the importance of corporate governance and social responsibility in organizations. It explains that corporate governance helps attract investors, promotes accountability, and mitigates risks. Social responsibility enables better customer engagement, supports communities, and increases employee motivation. The document also outlines key developments in corporate governance, including recommendations from the 1992 Cadbury Committee regarding board structure and independence, and the 1995 Greenbury Committee's focus on director remuneration and accountability.

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    of 10

    CORPORATED GOVERNANCE AND

    CORPORATE SOCIAL RESPONSIBILITY


    DPA50173
    PROFESSIONAL ETHICS
    Pn.Mazilah Binti Abdullah
    GROUP 4
    5.3 EXPLANATION ON THE
    IMPORTANCE OF CORPORATE
    GOVERNANCE AND SOCIAL
    RESPONSIBILITY IN
    ORGANIZATIONS
    The importance of corporate governance in organizations:

    1. Attract investors
    2. Promotes Accountability
    3. Mitigate Risks

    The importance of social responsibility in organizations

    • CSR can enable you to better engage with customers.


    • Community Support and Customer Loyalty
    • Increases Employee Motivation
    https://youtu.be/IMUD7h1J978
    https://youtu.be/p2iQ_h1mPaY
    5.4 DISCUSSION ON THE
    DEVELOPMENTS IN
    CORPORATE
    GOVERNANCE
    A) CADBURRY COMMITEE
    History lesson: Cadbury 1992

    According to The National Computing Centre, 2010


    • Financial Aspects of Corporate Governance
    • Division of top responsibilities
     No one individual has powers of decision
    5.4.2
     Majority of independent non-executive directors
     At least three non-executives on the audit
    committee (oversee accounting/financial
    reporting)
     Majority of non-executives on the remuneration
    committee
     Non-executives to beselected by the whole
    board" https://en.wikipedia.org/wiki/Cadbury_Report
    B) CGREENBURG COMMITTEE
    Need : the issue of directors remuneration was
    becoming primary concern
    Establishment : established in January 1995
    Report : 17 july 1995 by U.K federation of
    British industry on corporate governance in the
    UK
    Main aim /purpose: to identify good practice in
    5.4.2
    determining Directors remuneration, aimed to
    provide an answer to the general concerns about
    the accountability and level of directors pay
    Recommendations: provisions binding the
    company to pay compensation in the event of
    dismissal for unsatisfactory performance,
    disclosure regarding directors remuneration to https://www.oreilly.com/library/view/business-ethics-and/
    9789332511255/xhtml/c15s7.xhtml
    shareholder https://www.icaew.com/technical/corporate-governance/
    codes-and-reports/greenbury-report

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