Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, management and the board of directors. Other stakeholders include employees, suppliers, customers, banks and other lenders, regulators, the environment and the community at large.
The aim of the programme is to provide an introduction to, and the application of, the principle of corporate governance. It will show how increased efficiency can be achieved by the application of appropriate checks and balances thereby reducing the risk of concentration of power, abuse and error.