BGN Entrepreneur

According to Jones in his book Business Economics and Managerial Decision Making, Corporate governance is defined as “the system by which companies are directed and controlled” (Jones T., 2004, p.13). In the Strategic Management, Dess defined it as the “issue of strategic control in a broader perspective”.
Effective corporate governance can greatly impact on the company’s bottom line. Good corporate governance plays an important role in the investment decisions of major institutions. According to Hampel Report on Corporate Governance, which drafted the benchmark of best practice of corporate governance, the importance of corporate governance lies in its contribution both to business prosperity and to accountability.
Different companies raise different principles to ensure the well conductions of corporate governance in their own organizations.

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