Impact of Corporate Governance in Business Organisation

Corporate Governance

Table of Contents
INTRODUCTION...........................................................................................................................3
Main Body.......................................................................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
In the every country, government sets rules, regulation and system about the business
which corporation has to be followed. By these practices and process, every firm are directed and
controlled. The interest of shareholders, management, customers, suppliers, finance, government
and community can be preserved with the help of corporate governance. (Harford, Mansi and
Maxwell, 2012). Thus bit can be said that corporate governance provides the framework for
attainment of corporation's goal. In other words it can be said that the set of rules, regulations,
policies, placed in the right manner in order to rule the corporate behaviour is referred to as
corporate governance. In the following report, The impact of corporate governance on the
business enterprise and its activities and function has been systematically addressed.
Main Body
In today's time, in the corporate sector there are huge competition as there are various
company which requires developing their strong brand image in the market. For this motive, they
develop various business policies, practices and strategy so as it can attain its determined
objective in an effective manner. In order to organise the fair competition and business activities,
government has developed various effective principles, structure, rules, policies which have to
follow the every corporate firm. In a simple word it can be said that organisation can be
controlled and directed in an effective manner by various relation, the process is referred to as
corporate governance and they can not involve in the unethical and illegal practices related to
business (Tricker and Tricker, 2015). Governance structure and principles finds out the rights
and responsibilities of various stakeholders of the organization like board of director,
shareholders, creditors, auditors and other stakeholders.
Marks and Spencer is one of the famous retail outlet in the world which is popular for its
high quality and luxury commodities. It deals with various product and services of customers
like home ware product, luxury food, Clothing etc. It has main motive to deliver high quality of
product and services and attract the large number of customers (Wintoki, Linck and Netter,
2012). Cited venture is effectively carry out its roles and responsibility about the corporate
government and well directed and controlled. The objective of the board is to develop
sustainability in the business by constant growth in profits and also make sure that the company
takes care of the rights and accountability of the stakeholders. In order to follow the corporate