Professional Documents
Culture Documents
Corporate Governance
and Sustainability
BMC 4201
Week 3 -Introduction
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Topic 1: Introduction to
Corporate Governance
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Topic 4: Functions of
the Board
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https://www.gresb.com/nl-en/the-business-case-for-esg-in-
real-estate/
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Objectives
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What is Governance?
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What is Corporate
Governance?
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Why?
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Corporate Governance
• Corporate Governance, therefore,
refers to the manner in which the
power of a corporation is exercised in
the stewardship of the corporation’s
total portfolio of assets and
resources with the objective of
maintaining and increasing
shareholder value and satisfaction of
other stakeholders in the context of
its corporate mission.
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Corporate Governance
seeks to promote
• Efficient, effective and sustainable corporations that
contribute to the welfare of society by creating
wealth, employment and solutions to emerging
challenges.
• Responsive and accountable corporations.
• Legitimate corporations that are managed with
integrity, probity and transparency.
• Recognition and protection of stakeholder rights.
• An inclusive approach based on democratic ideals,
legitimate representation and participation.
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Conclusion
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5 Pillars of good
corporate Governance
• There must be an all-inclusive approach to
governance that recognizes and protects the rights
of members and all stakeholders – internal and
external.
• The institution must be governed and managed in
accordance with the mandate granted to it by its
founders and society and take seriously its wider
responsibilities to enhance sustainable prosperity.
• The institutional governance framework should
provide an enabling environment within which its
human resource can contribute and bring to bear
their full creative powers towards finding innovative
solutions to shared problems.
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