Slides

1. In accordance with IIA (Institute of Internal Auditors), they said that governance is known to be
2. Among other definitions of Corporate Governance was quoted by Noble Laureate Milton
Friedman, it is said that " Corporate "Corporate Governance is “the conduct of business in
accordance with shareholders’ desires, which generally is to make as much money as possible,
while conforming to the basic rules of the society embodied in law and local customs.” or it could
be simply defined by "“the framework of rules, relationships, systems and processes within and by
which authority is exercised and controlled within corporations. It encompasses the mechanisms
by which companies, and those in control, are held to account.”
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3. Corporate Governance serves as an integral part of the existence of the company where in it helps
to cultivate the culture of transparency, disclosure and integrity. Through following this, it can
attract and strengthen the global investors' interests to invest more in the companies and can
possibly reap additional benefits to access financing from a large pool of investors.
It also plays an important role in terms for economic stability and organizational success through t
4. The participants in the process include employees, suppliers, partners, customers, government,
and professional organization regulators, and the communities in which the organization has
presence.