PREPARED BY: GROUP A (3)Goh Yet Woon219061Chiam Seow
Siah219227Foo Fang Yuan220351Sen Siew Ling220193Hng Yee
Ling220716
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ACCOUNBALITY IN CORPORATE GOVERNANCEThe act of being accountable
to the stakeholders of an organization, which may include
shareholders, employees, suppliers, customers, the local community,
and even the particular country(s) that the firm operates in. In
most jurisdictions, a body of corporate law has been developed in
order to formalize these requirements.Importance of accountability
is a key to economic prosperity and performance measurement.
ACCOUNTABILITY
TRANSPARENCY IN CORPORATE GOVERNANCEIMPORTANCE OF TRANSPARENCYIf
a company is transparent enough and reports material facts in real
time, stakeholders will have more confidence in the management.
Consequently, they will be more willing to invest in the company,
thereby reducing the cost of capital. Transparency also helps those
in charge to avoid fraud and put measures in place against it. All
these factors put together enable the firms productive capacity and
productivity to improve.
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WAYS TO IMPROVED TRANSPARENCY IN CORPORATE GOVERNANCE
