Professional Documents
Culture Documents
protect and facilitate the promote values for the whole develop the capacity and
exercise of shareholders organization and demonstrate good effectiveness of the governing body
rights governnace through behavior
agree and promote values
given set of corporate governance key principles need to be complied with and
requirements to be adhered to explained
limited discretion on application and different organizations may interpret and
interpretation apply principles differently
may not be flexible enough to deal with flexibility to handle changing and
new and changing circumtances and circumtances and business environment
business environments
narrower definition of rules broader definition of rules
less ot tick-box activity, more a set of guidng
more of tick-box exercise practices
clear guidnace on what is appropriate and
what isn't behavior is more open to interpretation