
Corporate Governance
How To Add Value To Your Company: A Practical Implementation Guide
By: Alex Knell
Paperback | 8 March 2006
At a Glance
336 Pages
23.2 x 16.5 x 1.9
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The book is in two sections. The first addresses the basic theory underpinning Corporate Governance to help the reader understand and decide which compliance issues are immediately useful to their business, and which can wait. Prioritisation is key.
The second section explains the Code, section by section. It indicates clearly what is being asked for with a "translation into plain English. It explains what needs to be done and provides a series of check-lists.
CG standards are here to stay and the demands are rising. This book is a guide to voluntarily adopting CG to demonstrate the pedigree and worth of any business - and to let that business stand out from the rest.
* Shows how to maximise the sale value of Small and Medium Enterprise
* Illustrates which actions to prioritise
* Provides a plain English translation of the Code and checklists to aid compliance
Preface | p. xi |
An Overview of the Book | p. xiii |
Acknowledgements | p. xv |
Tell Me What I Need to Know about Corporate Governance (CG)... | p. 1 |
Enhancing Value | p. 3 |
Objective | p. 5 |
What exactly is Corporate Governance (CG)? | p. 5 |
How to make things change | p. 7 |
Layout | p. 8 |
Results of compliance | p. 8 |
No CG Recognition - The Company You Keep | p. 11 |
Proving a negative | p. 13 |
Recent history fuels anxiety | p. 13 |
Solution - keeping businesses honest | p. 17 |
Why No CG? | p. 19 |
Basic Concepts | p. 25 |
A code of ethics | p. 27 |
Conflicts of interests in business | p. 27 |
Applied Concepts | p. 29 |
Independence | p. 31 |
Responsibility | p. 31 |
Accountability | p. 32 |
Fairness | p. 32 |
Reputation | p. 32 |
Director's Duties - A Reminder | p. 33 |
Statutory duties | p. 35 |
Fiduciary duties | p. 35 |
Duties of skill and care | p. 35 |
Other and emerging legal obligations | p. 36 |
Executive and Non-Executive Directors (NEDs) | p. 37 |
Company Secretary | p. 37 |
Who are the Other Stakeholders? | p. 39 |
Company workforce | p. 41 |
Banks and lenders | p. 41 |
Customers | p. 41 |
Suppliers | p. 41 |
Government | p. 42 |
Local community | p. 42 |
Other | p. 42 |
Summary | p. 42 |
The Key Areas Addressed by CG | p. 43 |
Decision-making powers | p. 45 |
Risk-taking | p. 46 |
Directors' remuneration | p. 46 |
Financial reporting and auditing | p. 47 |
Communications between directors and shareholders | p. 49 |
The ACCEPTS Method | p. 51 |
What is the ACCEPTS Method? | p. 53 |
Scoring Chart - ACCEPTS Method Instructions | p. 53 |
Excel spreadsheet | p. 54 |
Basic Steps | p. 55 |
Positioning principle | p. 57 |
In plain English? | p. 57 |
What needs to be done? | p. 57 |
Checklists | p. 58 |
Detailed Implementation... | p. 59 |
The Board | p. 61 |
What is the principle? | p. 63 |
Supporting principles | p. 63 |
In plain English? | p. 63 |
What needs to be done? | p. 64 |
Components in this section | p. 65 |
Summary checklists | p. 67 |
Score Chart | p. 68 |
Excel spreadsheet | p. 68 |
The Chairman and Chief Executive | p. 71 |
What is the principle? | p. 73 |
Supporting principle | p. 73 |
In plain English? | p. 73 |
What needs to be done? | p. 73 |
Components in this section | p. 74 |
Summary checklists | p. 75 |
Score Chart | p. 75 |
Excel spreadsheet | p. 75 |
Board Balance | p. 77 |
What is the principle? | p. 79 |
Supporting principles | p. 79 |
In plain English? | p. 79 |
What needs to be done? | p. 80 |
Components in this section | p. 81 |
Summary checklists | p. 84 |
Score Chart | p. 84 |
Excel spreadsheet | p. 84 |
Board Appointments | p. 87 |
What is the principle? | p. 89 |
Supporting principles | p. 89 |
In plain English? | p. 89 |
What needs to be done? | p. 89 |
Components in this section | p. 90 |
Summary checklists | p. 93 |
Score Chart | p. 94 |
Excel spreadsheet | p. 94 |
Board Information | p. 99 |
What is the principle? | p. 101 |
Supporting principles | p. 101 |
In plain English? | p. 101 |
What needs to be done? | p. 102 |
Components in this section | p. 102 |
Summary checklists | p. 104 |
Score Chart | p. 104 |
Excel spreadsheet | p. 104 |
Board Performance Evaluation | p. 107 |
What is the principle? | p. 109 |
Supporting principles | p. 109 |
In plain English? | p. 109 |
What needs to be done? | p. 109 |
Components in this section | p. 109 |
Summary checklists | p. 110 |
Score Chart | p. 111 |
Excel spreadsheet | p. 111 |
Board Re-election | p. 113 |
What is the principle? | p. 115 |
Supporting principles | p. 115 |
In plain English? | p. 115 |
What needs to be done? | p. 116 |
Components in this section | p. 116 |
Summary checklists | p. 118 |
Score Chart | p. 119 |
Excel spreadsheet | p. 119 |
Board - Rewards (a) Level and Make-Up | p. 123 |
What is the principle? | p. 125 |
Supporting principle | p. 125 |
In plain English? | p. 125 |
What needs to be done? | p. 125 |
Components in this section | p. 127 |
Summary checklists | p. 129 |
Score Chart | p. 131 |
Excel spreadsheet | p. 131 |
Board - Rewards (b) Procedure | p. 135 |
What is the principle? | p. 137 |
Supporting principles | p. 137 |
In plain English? | p. 137 |
What needs to be done? | p. 138 |
Components in this section | p. 139 |
Summary checklists | p. 141 |
Score Chart | p. 142 |
Excel spreadsheet | p. 142 |
Accountability (a) Financial Reporting | p. 147 |
What is the principle? | p. 149 |
Supporting principle | p. 149 |
In plain English? | p. 149 |
What needs to be done? | p. 149 |
Components in this section | p. 150 |
Summary checklists | p. 151 |
Score Chart | p. 152 |
Excel spreadsheet | p. 152 |
Accountability (b) Internal Control | p. 155 |
What is the principle? | p. 157 |
In plain English? | p. 157 |
What needs to be done? | p. 157 |
Components in this section | p. 158 |
Summary checklists | p. 159 |
Score Chart | p. 159 |
Excel spreadsheet | p. 159 |
Accountability (c) Audit Committee and Auditors | p. 161 |
What is the principle? | p. 163 |
In plain English? | p. 163 |
What needs to be done? | p. 163 |
Components in this section | p. 165 |
Summary checklists | p. 169 |
Score Chart | p. 171 |
Excel spreadsheet | p. 171 |
Relations with Shareholders - Dialogue | p. 177 |
What is the principle? | p. 179 |
Supporting principles | p. 179 |
In plain English? | p. 179 |
What needs to be done? | p. 180 |
Components in this section | p. 181 |
Summary checklists | p. 182 |
Score Chart | p. 182 |
Excel spreadsheet | p. 182 |
Relations with Shareholders - Constructive Use of the AGM | p. 185 |
What is the principle? | p. 187 |
Supporting principles | p. 187 |
In plain English? | p. 187 |
What needs to be done? | p. 187 |
Components in this section | p. 188 |
Summary checklists | p. 189 |
Score Chart | p. 190 |
Excel spreadsheet | p. 190 |
How Did You Do? | p. 193 |
Review where you are | p. 195 |
What do my results mean? | p. 195 |
A word of encouragement | p. 195 |
Grand Score Chart | p. 197 |
What to Do Now? | p. 199 |
Initial review | p. 201 |
An essential requirement | p. 201 |
Map of Code CG Requirements | p. 202 |
Plan of attack - preparation | p. 202 |
Plan of attack - the Board itself | p. 203 |
Plan of attack - the Board Committees | p. 204 |
Plan of attack - the shareholders | p. 205 |
Plan of attack - the financial reporting and auditors | p. 206 |
Annual Report - CG Disclosures | p. 209 |
Annual report section: Directors, officers and advisors | p. 211 |
Annual report section: Corporate Governance | p. 211 |
The Board | p. 211 |
Board Committees | p. 212 |
Matters Reserved for the Board ICSA Guidance Note | p. 217 |
The Role of the Chairman | p. 231 |
The Role of the Chief Executive | p. 235 |
Guidance on the Role of the Non-Executive Director | p. 239 |
Sample Letter of Non-Executive Director Appointment | p. 243 |
Appointment | p. 245 |
Time commitment | p. 245 |
Role | p. 245 |
Fees | p. 246 |
Outside interests | p. 246 |
Confidentiality | p. 247 |
Induction | p. 247 |
Review process | p. 247 |
Insurance | p. 247 |
Independent professional advice | p. 248 |
Committees | p. 248 |
Chairman of the Nomination Committee - Job Description | p. 249 |
Chairman of the Remuneration Committee - Job Description | p. 253 |
Chairman of the Audit Committee - Job Description | p. 257 |
Performance Evaluation Guidance | p. 261 |
Performance evaluation of the Board | p. 264 |
Performance evaluation of the Non-Executive Director | p. 265 |
The Whistle-blowing Procedure | p. 267 |
Nomination Committee - Terms of Reference | p. 271 |
Remuneration Committee - Terms of Reference ICSA Guidance Notes | p. 283 |
Audit Committee - Terms of Reference ICSA Guidance Notes | p. 293 |
CG Role of the Company Secretary ICSA Guidance Notes | p. 309 |
Index | p. 315 |
Table of Contents provided by Ingram. All Rights Reserved. |
ISBN: 9780750669245
ISBN-10: 0750669241
Published: 8th March 2006
Format: Paperback
Language: English
Number of Pages: 336
Audience: Professional and Scholarly
Publisher: Butterworth-Heinemann
Country of Publication: GB
Dimensions (cm): 23.2 x 16.5 x 1.9
Weight (kg): 0.54
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