ROLE OF

SHAREHOLDERS
IN GOOD
GOVERNANCE
Ensuring the Basis for an Effective Corporate
Governance Framework
This portion highlights the role of the corporate governance framework in encouraging
transparent and fair markets and the efficient distribution of resources.

Elements of Corporate Governance

Well-defined
Good Board Board
Shareholders
Practices Commitment
Rights

Control Transparent
Environment Disclosure
 Good Board Practices
Clearly defined roles and authorities.
Duties and responsibilities of Directors understood
Well-structured board
Appropriate composition and mix of skill

Good Board Procedures

Appropriate Board procedures

Remuneration in line with best practices
Board self-evaluation and training conducted
 Board Commitment

The Board discusses corporate governance issues and has created a governance committee
The firm has a corporate governance champion
A corporate governance improvement plan has been created
Appropriate resources are committed to corporate governance initiatives
Policies and procedures have been formalized and distributed to relevant staff
A corporate governance code has been developed
The company is recognized as a corporate governance leader