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Summary

Summary The role of Governance and ethic in strategy Process

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  • CIMA
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  • CIMA

The document is the summary of CIMA E3 topic 3 The role of Governance and ethic in strategy Process describing the corporate culture Governance concept and its impact in the organization . Its also describe CSR

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Document information

  • March 23, 2023
  • 4
  • 2022/2023
  • Summary

Subjects

  • cima
  • strategy process
  • kpaln
  • strategic management
  • cpa
  • acca
  • e3
  • topic 3 the role of governance and ethics
  • chartered institute of management accountant
  • chartered public accountanats
  • ca

Written for

  • CIMA
All documents for this subject (35)

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MentorAhmed

Content preview

Corporate Culture

Broader definition for social responsibility

Shareholder interest


Corporate culture Identifying and working on


Stake holder (other than
shareholder)
interest




Business and corporate governance
 Strengthening of control  Accountability of Management
 Sustainable wealth creation  More attractive two institutional investor
 Good management good profits  Raises share prices


Objective of corporate governance

Monitor management Balanced BOD structure Remunerated fairly


Risk identification auditors Independence


other business issues (ethical, SCR and whistle blowers)



Long term shareholder value


Control from above cascading down to lower level


Increased transparency and confidence


Increased reporting


Operated in legal and ethical
manner

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