Explain what is meant by corporate governance

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Question: Explain what is meant by corporate governance and why it is needed. (LO2) 7.23 At times there are problems (and subsequent investigations) with corporate governance, which include deficiencies in financial reporting. (a) Search the website of the Australian Securities and Investment Commission and identify a case that has been investigated that involves issues of corporate governance. (b) Briefly discuss the corporate governance issues and the role financial reporting played in these. Provide specific examples of deficiencies in financial reporting that led to the issues. (c) Suggest what specific procedures or practices could have prevented these abuses from occurring.

Reference no: EM133328266

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