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Discuss How Observance of Good Corporate Governance and Avoidance of Corrupt Practices in an Institution Can Contribute to an Effective Organization.

In: Business and Management

Submitted By Forcestar
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THE COPPERBELT UNIVERSITY

SCHOOL OF BUSINESS DEPARTMENT OF BUSINESS ADMINISTRATION

NAME: FOSTER CHBWE
SIN: 09188389
PROGRAM: BBA 4
COURSE: STRATEGIC MANAGEMENT
CODE: BS 450
TASK: ASSIGNMENT ONE
LECTURER: MR MULAMBYA
DUE DATE: 30/06/13.

Question: Discuss how observance of good corporate governance and avoidance of corrupt practices in an institution can contribute to an effective organization.

INTRODUCTION
Corporate governance is a topic that has received growing attention in the public in recent years as policy makers and others become more aware of the contribution good corporate governance makes to financial market stability and economic growth. Corporate governance is all about controlling your business and so is relevant, and indeed vital, for all organisations, whatever size or structure.

Corporate governance refers to the set of systems, principles and processes by which a company is governed Monks et al (2011). They provide the guidelines as to how the company can be directed or controlled such that it can fulfill its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term. Stakeholders in this case would include everyone ranging from the board of directors, management, shareholders to…...

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