3.GOAL OF CORPORATE GOVERNANCE Linked to corporations or business enterprises, the goal of CG broadly is to strive for ensuring welfare of the corporations or business enterprises and stakeholders
4. STAKEHOLDERS
External Stakeholder Groups: Shareholders Debtholders Trade Creditors Suppliers Customers Communities affected by the corporations activities (Continued)
(..Continued) 5.
STAKEHOLDERS
Structures and processes for decision making, accountability, control and behavior at the governing body. Major moments: Confined within the activities, attitude and behavior of the governing body Other stakeholder, as well as social and community concerns are not addressed The need for corporations accountability to broader stakeholder segments and social responsibilities are not explicitly addressed
Confined within decision making Other social and community aspects are ignored Accountability and transparency issues are not taken into account The stakeholder participation aspect is ignored.