Two articles on corporate governance

 

"Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. Nonprofit governance is a political and organizational process involving multiple functions and engaging multiple stakeholders. The responsibilities of the board include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders and stakeholders on their stewardship and tu ensure the mission fullfillment and overall accountability".

Forprofit companies:
The Financial Reporting Council is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment. They promote high standards of corporate governance through the UK Corporate Governance Code.

In 2014 they have published a new version of the UK corporate governance code

Nonprofit companies:
Vic Murray, adjunct Professor in the School of Public Administration at the University of Victoria.  and Yvonne Harrison  assistant Professor in the Department of Public Administration and Policy in Rockefeller College of Public Affairs and Policy, University at Albany, have published in 2014 Guidelines for Improving the Effectiveness of Boards of Directors of Nonprofit Organizations

Two intersting documents to read and try to learn how to improve our corporate boards. 

photo: 1958 | On the screen of a drive-in theater in Utah, Charlton Heston, as Moses in the The Ten Commandments, throws his arms wide before what appears to be a congregation of cars at prayer. Published in the December 22, 1958, issue of LIFE. 

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