CORPORATE

GOVERNANCE AND
ETHICS
 01 Define and explain the meaning of and
purpose of corporate governance

02 Recognize various stakeholders in an

LEARNING organization

OBJECTIVES: 03 Recall the important practices laid down

in IIA’s Code of Professional Ethics
CORPORATION
GOVERNANCE
Corporate
Governance
✓ It is the system by which businesses are directed and controlled.

✓ It is the system of stewardship and control to guide organizations in fulfilling

their long-term economic, moral, legal and social obligations towards their
stakeholders

✓ The framework of rules, systems and processes in the corporation that governs
the performance by the Board of Directors and Management of their respective
duties and responsibilities to the stockholders and other stakeholders in which it
operates (Philippine Corporate Governance Blueprint, 2015).
Principles of Corporate
Governance
PRINCIPLE 01 PRINCIPLE 04
Basis for an effective corporate The role of stakeholders
governance framework

PRINCIPLE 02 PRINCIPLE 05
The rights and equitable treatment of Disclosure and transparency
shareholders and key ownership functions

PRINCIPLE 03 Principe 06
Institutional investor Responsibilities of the Board
Stakeholders
Ethics in Business

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Ethics in Business

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Ethics in Business

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Ethics in Business

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Ethics in Business

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Ethics in Business

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Ethics in Business
Ethics in Business
Ethics in Business
Ethics in Business
Ethics in Business
Ethics in Business
Ethics in Business
Code of Ethics
✓ It states the principles and expectations governing the behavior of individuals
and organizations in the conduct of internal auditing.

✓ It describes the minimum requirements for conduct, and behavioral expectations

rather than specific activities
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01
Internal auditors are expected to apply and uphold the following principles:

01 INTEGRITY 03 CONFIDENTIALITY

02 OBJECTIVITY 02 COMPETENCY
ASSESSMENT TASK
Select a publicly listed company. Based on their annual report:

01 02 03
Describe their Identify the Identify the risks and
corporate stakeholders and provide
governance describe their impact recommendations
structure and to the operations
policies