Sana-The Commerce House

Unit 1 Introduction to Corporate Governance   Corporate Governance: Definition, Principles, Models, and Examples Good corporate governance can benefit investors and other stakeholders, while bad governance can lead to scandal and ruin.  Investopedia / Jessica Olah What Is Corporate Governance? Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of a company's many  stakeholders , which can include shareholders, senior management, customers, suppliers, lenders, the government, and the community. As such, corporate governance encompasses practically every sphere of management, from action plans and  internal controls  to performance measurement and corporate  disclosure . KEY TAKEAWAYS Corporate governance is the structure of rules, practices, and processes used to direct and manage a company. A company's board of directors is the...

What is Financial Management? Financial Management is all about planning, organizing, directing, and controlling the economic pursuits such as acquisition and utilization of capital of the firm. To put it in other words, it is applying general management standards to the financial resources of the firm. Scope of Financial Management To understand the financial management scope, first, it is essential to understand the approaches that are divided into two sections. Traditional Approach  Modern Approach Approach 1: Traditional Approach to Finance Function During the 20th century, the traditional approach was also known as corporate finance. This approach was initiated to procure and manage funds for the company. For studying financial management, the following three points were used (i) Institutional sources of finance. (ii) Issue of financial devices to collect refunds from the capital market. (iii) Accounting and legal relationship l between the source of finance and business. In t...