In this sub unit, you have learnt the separation of ownership and control within the corporation. This sub unit have discussed the need for corporate governance (CG), principles and good practices of corporate governance, and also the single tier model of CG adopted in Malaysia. The principal and agent relationship between various directors and members was also discussed.
You would have observed that structure in the Board and processess of directing and management of the Board are important in emplacing corporate governance.
| Self-test 5.7
|Question to self-test 5.7||Suggested answers to self-test 5.7|