FAR EASTERN UNIVERSITY

MANILA

Institute of Accounts Business and Finance

MID YEAR TERM

ACT1110
CORPORATE GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT AND INTERNAL
CONTROL

ACTIVITY 1: CORPORATE GOVERNANCE

Instructions:
1. SAVE YOUR WORK AS PDF: SURNAME FIRST NAME_ACTIVITY 1
2. UPLOAD YOUR WORK IN CANVAS ASSIGNMENTS.
3. DEADLINE: TODAY, 9:30AM

Question: Based on your own understanding of our reading material “Factsheet: Corporate Governance”
by IIA, what is the importance of Corporate Governance on your own opinion?

Answer here:

The objective of corporate governance is to assist in the creation of a climate of trust, openness,
and responsibility that will stimulate long-term investment, economic stability, and company integrity,
resulting in greater development and even more considered viable. In the business world, corporate
governance refers to a system of rules, policies, and processes that govern corporations. In this approach,
a company's corporate governance model is the allocation of rights and obligations among all
stakeholders in the business. Governance guarantees stakeholders are safeguarded by following proper
and transparent decision-making procedures.