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  • Principle 1

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    nana
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    The document outlines principles for the code of corporate governance for publicly listed companies. It states that the primary purpose of business is to generate profit both for shareholders and stakeholders in a sustainable long-term manner through competent management and board oversight. The board must be competent decision-makers who provide proper strategic direction for the corporate objectives honestly and effectively to maintain the company's competitiveness and profitability over time.

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    The document outlines principles for the code of corporate governance for publicly listed companies. It states that the primary purpose of business is to generate profit both for shareholders and stakeholders in a sustainable long-term manner through competent management and board oversight. The board must be competent decision-makers who provide proper strategic direction for the corporate objectives honestly and effectively to maintain the company's competitiveness and profitability over time.

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    © All Rights Reserved
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    5 views1 page

    Principle 1

    Uploaded by

    nana
    The document outlines principles for the code of corporate governance for publicly listed companies. It states that the primary purpose of business is to generate profit both for shareholders and stakeholders in a sustainable long-term manner through competent management and board oversight. The board must be competent decision-makers who provide proper strategic direction for the corporate objectives honestly and effectively to maintain the company's competitiveness and profitability over time.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Code of Corporate Governance for Publicly Listed Companies

    Principle #1
    purpose of business is to have a profit
    they make sure that the company is profitable, shareholders and other stakeholders want profit
    must be long term which involves the going concern principle of accounting
    the people gibutang sa company are competent so we can say that the company is properly
    managed and managed in the proper direction in accordance with the corporate objective,
    effectively and efficiently
    when can say that the board is competent? If they are good decision makers who do it with
    honesty. Experience matters, to be competent and give directions to the company
    it is about the role of board of directors nga gikinahanglan sa SEC, ang ibutang kay mga
    competent para muhatag ug direction sa corporate objective sa plc and ma sustain ang
    competitiveness and profitability

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