What Are the Eight Principles for Corporate Governance Outlined by the ASX

question 13

Essay

What are the eight principles for corporate governance outlined by the ASX Corporate Governance Council?

Recognize the importance of objectivity in professional observations and documentation.

Identify effective formats and guidelines for professional communication, including email, memos, and letters.

Comprehend the procedural and ethical considerations in meeting documentation and agendas.

Recognize the differences in documenting social histories for children versus adults.

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

Society

An organized group of individuals living together in a community, sharing customs, laws, and organizations.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Unethical Behaviors

Actions or practices that violate moral principles or standards within a profession, organization, or society.