28 April 20122Corporate Governance - Dr S A Butt
What is a Corporate Body?
Any Company is a corporate body. However, in abroader sense only public limited companies are takento be the subject matter of CG.
So far the thrust of CG is only on listed companies.
Greatest emphasis is on those that are controlled by closed groups.
In USA and Europe, companies are even run by minority shareholders. Hence, they require even greaterdegree of CG.