tion should be provided;The case of audit committees of the board, including their composition and role;The principal responsibilities of auditors and the extent the value of the audit;The links between shareholders, boards and auditors;Traditionally, a companys directors have been tasked with the role of choosing and monitoring its managers. But this is a moot exercise unless the directors also have the power to effect change. Directors should go beyond a basic watchdog role, to foster effective policies and act in a strategic capacity. Ideally, directors should have a recognized role in governing the corporation.Companies are increasingly reliant on the wider community which surrounds them, which in turn needs the support and resources which few others apart from companies can give. This is a stakeholding relationship which good governance needs to recognise and which can make a company distinctive to those who deal with it. Companies which share values with their wider communities are likely to generate sustainable profitability to share with them also. New structures are needed to reflect new and more complex relationships.Today, at the close of the century, corporate governance is still an important tool for monitoring performance and enhancing value even though the ultimate shape of this tool is in the process of being forged....
