The topic of ‘governance’ is one that has gained popularity, and the term is now used to embrace a range of concepts. This unit establishes some basic principles that will form the basis of your study. You will have the opportunity to consider how well these principles match up with your own observations of corporate organisations and behaviour

On successful completion of this unit, you should be able to:

• Provide a range of definitions of corporate governance;

• Identify issues usually addressed by corporate governance structures;

• Summarise recent scandals and abuses and the regulatory reaction;

• Identify the other drivers of corporate governance, such as capital markets, shareholders and rating agencies.