Monitor Corporate Governance Activities

Running head : MONITOR CORPORATE GOVERNANCE ACTIVITIES
Monitor corporate governance activities
Name of the student
Name of the university
Authors note

MONITOR CORPORATE GOVERNANCE ACTIVITIES1
Table of Contents
Part A.............................................................................................................................2
Issues lead to the corporate governance report:.........................................................2
Part B..............................................................................................................................3
Sarbanes Oxley legislation:........................................................................................3
Purpose:..................................................................................................................3
Board roles:............................................................................................................4
Answer to case 1............................................................................................................4
Monitor and managing the corporate risks:...............................................................5
Answer to case 2............................................................................................................6
Auditor:......................................................................................................................6
Accounts:....................................................................................................................6
Shareholders :.............................................................................................................7
Stakeholders and ethics:.............................................................................................7
Enforcement:..............................................................................................................7
Part c...............................................................................................................................8
Answer to case 3............................................................................................................9
Role of audit committee for internal control:.............................................................9
References....................................................................................................................11

MONITOR CORPORATE GOVERNANCE ACTIVITIES2
Part A
Issues lead to the corporate governance report:
God governance is an idea which is difficult to achieve in its totality. For the
implementation of a rigorous corporate governance code, companies and institutions needs to
come under a regionally and internationally to draft corresponding guidelines. One of the
main course at least in the US where there is plenty of well-intentioned people who have
brought the ideas and experience to see the policy making Table but it has not resulted any
clear cut framework. Hence in this context the countries such as UK have had a powerful
codes of contact since the year 1990. Thus the position in the UK in every company listed on
the London stock exchange must comply to the fact that national corporate governance code
or supplies could explain the process and hence the benchmark for sound corporate
governance in the operators for all sizes. It is a tool to describe the balance between the
participants in the corporate structure who have an interest in the way in which the
corporation is run such as the executive staff, shareholders and members of the community.
corporate governance directly impacts on the profits and reputation of the company. And
having poor politics can expose the company lawsuits , fines , reputational damages and loss
of the capital investment. Thus five of the main issues related to the corporate governance are
as follows –
1. Conflict of interest: avoiding the conflict of interest is vital. It is within the
framework of the corporate governmence occurs when an officer or other controlling
member of a corporation has other financial assets which could directly conflict on
the objectives of the corporation. For example a board member of a solar company
who owns a significant stock in an oil company has a conflict of interest because

MONITOR CORPORATE GOVERNANCE ACTIVITIES3
while the board the representatives develop the clean energy and have a personal
financial stake on th industry with vulnerable litigation.
2. Oversight issues : effective corporate governance issues requires board of directors
for the company producers and practises. Oversight is a board of directors team which
encompass the executive staff reporting to the board of directors in making the
awareness to achieve goals.
3. Accountability issues : it is a necessary for effective corporate governance . From the
top level executives to the lower tier employees each level and division of the
corporation should report and be accountable to another as a system of checks and
balances. Hence without accountability one division of the corporation might
endeavour the success of the entire company or cause the stock holders to make
investment (Kruczkowski 2018).
4. Transparency : here the corporate has to make decisions based on the interest of the
stakeholders and further the corporation have the entity to protect others welfare.
5. Ethics valuation: members of the executive board have an ethical duty based on the
interest of the stakeholders and make social welfare interventions.
Part B
Sarbanes Oxley legislation:
Purpose:
The main purpose of the Sarbanes oxley act is to ensure that the corporate sectors
works with the transparency and provides full disclosure of the information as an when
required. The transparency if this act is the purpose of the disclosure of information and
adherence to the guidelines of the GAAP principle with full details being made available
of all the transacts are not mentioned by the company balance sheet. Hence the purpose of
this act is to find the expanded disclosure of the financial and non-financial control