Corporate Governance
1.IntroductionWhat is corporate governance?
2.Corporate governance: Objectives and guiding principles
Core Attributes of an effective corporate governance system
3.Forms of businessand conflicts of interest
Sole proprietorship
Partnership
Corporation
Advantages of the corporate form
Disadvantages of the corporate form
3.Forms of business andconflicts of interest
4.Specific sources of conflict: Agency relationships
Management–Shareholder Conflicts
Director–shareholder conflicts
Responsibilities of theBoard of Directors
5. Corporate Governance Evaluation:Board of director Attributes
Monetary Authority of SingaporeGuidelines and Regulationson Corporate Governance
Guidelines and Regulations on Corporate Governance (continued)
Guidelines and Regulations on Corporate Governance (continued)Organisation for Economic Co-Operation and Development (OECD) Principles of Corporate Governance
6. Environmental, social, and governance factors
Examples of ESG risks
7.Valuation implications of corporate governance
Risks of weak corporate governance
Benefits from strong governance
8. Summary
Summary (continued)

8. Summary

Corporate governance is the system of principles, policies, procedures, and clearly defined responsibilities and accountabilities. The objectives of a corporate governance system are (1) to eliminate or mitigate conflicts of interest among stakeholders, particularly between managers and shareholders, and (2) to ensure that the assets of the company are used efficiently and productively and in the best interests of the investors and other stakeholders. The failure of a company to establish an effective system of corporate governance represents a major operational risk to the company and its investors.