BABC001 - Corporate Governance and Business Ethics

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Corporate Governance and Business Ethics
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Corporate Governance and Business Ethics
Executive summary
From the executed analysis it has been summarized that corporate governance is a
system which comprises of norms, operations, and procedures, through which the business
entities are controlled and operated. The below-presented report involves the principles of
corporate governance statement and which are required to be followed by each and every
business corporation. Moreover, evaluation of same principles has been done in the analysis.

Corporate Governance and Business Ethics
Contents
Introduction................................................................................................................................4
Corporate governance and its relation to business ethics...........................................................4
Corporate governance.............................................................................................................4
Business ethics........................................................................................................................4
Relation to corporate governance and business ethics...........................................................5
Explanation of two ASX principles...........................................................................................5
Principle 3 Act ethically and responsibly...............................................................................6
Principle 5 Make timely and balanced disclosure..................................................................6
Evaluation of Commonwealth....................................................................................................6
Introduction of the company..................................................................................................6
Evaluation of principle 3........................................................................................................7
Evaluation of principle 5........................................................................................................7
Finding principles in accounting company’s corporate governance statement.........................7
Conclusion..................................................................................................................................7
References..................................................................................................................................8