6 Features of Good Corporate Governance in Public Sector Organisations

Public Sector organisations are different to private organisations as there can be a number of different stakeholders involved. For example, they may report and be held accountable to senior civil servants, who run the organisation and oversee its goals. They may also be accountable to the politicians, who these civil servants report to. Ultimately, they are accountable to the electorate, who vote the politicians into office.

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Objectives and Features of Good Corporate Governance for ACCA P1

Corporate Governance represents the set of policies and procedures that determine how an organisation is directed, administered and controlled. Here are a few bits you might find useful for your ACCA P1 exam.

Objectives of Corporate Governance

  • The codes and regulations provide a mechanism for successful business
  • Corporate Governance codes and regulations help control executive directors of public companies
  • They provide checks and alerts

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