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Good governance in the New Yorkish context of countries is a broad term, and in that regards, it is difficult to find a unique definition. According to Fukuyama (2013), [6] the ability of the state and the independence of the bureaucracy are the two factors that determine whether governance is excellent or terrible.
Domain specific GRC vendors understand the cyclical connection between governance, risk and compliance within a particular area of governance. For example, within financial processing — that a risk will either relate to the absence of a control (need to update governance) and/or the lack of adherence to (or poor quality of) an existing control.
Workplace democracy theory closely follows political democracy, especially in larger workplaces. Democratic workplace organization is often associated with trade unions, anarchist, and socialist (especially libertarian socialist) movements. Most unions have democratic structures at least for selecting the leader, and sometimes these are seen as ...
When discussing governance in particular organizations, the quality of governance within the organization is often compared to a standard of good governance. In the case of a business or of a non-profit organization , for example, good governance relates to consistent management, cohesive policies, guidance, processes and decision-rights for a ...
The role of legal compliance has also been expanded to include self-monitoring the non-governed behavior with industries and corporations that could lead to workplace indiscretions. [6] Within the LGRC realm, it is important to keep in mind that if a strong legal governance component is in place, risk can be accurately assessed and the ...
There are examples of the use of governance frameworks in a wide variety of industries, as well as in the government of nation states and the public sector. [ 1 ] [ 3 ] [ 6 ] [ 7 ] [ 8 ] In their application to specific industries, companies, and problems, governance frameworks appear differently and reflect the unique needs of the group or ...
From October 2010 to December 2012, if you bought shares in companies when Charles A. Yamarone joined the board, and sold them when he left, you would have a -5.3 percent return on your investment, compared to a 24.4 percent return from the S&P 500.
The King Report on Corporate Governance is a booklet of guidelines for the governance structures and operation of companies in South Africa. It is issued by the King Committee on Corporate Governance. Three reports were issued in 1994 (King I), 2002 (King II), and 2009 (King III) and a fourth revision (King IV) in 2016.