Factsheet - Corporate Governance

Factsheet

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Author

IIA-Australia

Date

2023

Topics Explored

Governance

Format

Factsheet

Extract/Description

The governing body of an organisation is ultimately responsible for an organisation’s governance. In a company, this will be the board of directors. In the public sector where there is not a board of directors, governance arrangements are implemented by the head of the organisation.  The processes and structures implemented by the governing body is called corporate governance.

Key Points

1. This paper introduces a model that applies a holistic approach to corporate governance.

2. Rather than a one-dimensional approach that relies almost entirely on the board and its sub-committees as the primary governance components, this model has an inter-connected approach so that nothing is missed. 

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

No