Reference no: EM132840375

BBA CORPORATE GOVERNANCE ASSIGMENT

The key essence of corporate governance is derived from the agency relationship that exists between shareholders and directors of companies. This relationship separates ownership from those who control the business. It therefore becomes imperative that the board is guided by best governance practices and principles in the general conduct of its affairs. Essentially, this will ensure that directors become accountable to shareholders. Be that as it may, this same arrangement cannot be said of the case of many Small and Medium Enterprises (SMEs), where the founder of the business owns most of the shares, if not the entire share structure and therefore manages the business as the Chief Executive Officer (CEO) or Managing Director (MD) in line with their whims and caprices. This brings to light the remark by The Rt. Hon. David Blunkket, Former Home Secretary that "Business continuity and planning is just as important for small companies as it is for large corporations. Plans need to be simple but effective, comprehensive but tailored to the needs of the organization. Employers have a responsibility to their staff for their safety and security, and we all share the desire to ensure that any disaster or incident - whether natural or otherwise - has a minimal effect on the economic well-being of the country." "Business continuity and planning is just as important for small comp

The Government of Ghana (GoG) through the Ministry of Finance (MoF) and its collaborating sector agencies is currently undertaking key strategic initiatives aimed among others at restructuring the entire corporate governance climate of the financial and industrial sectors of the economy. The MoF therefore engages your service as a Consummate Consultant of Corporate Governance through a competitive procurement process for this all important assignment.

Your assignment rubrics include the following:

Identifying four governance best practices and principles and indicating how they can be applied to restructure the SMEs sector corporate governance climate to make them more economically viable, risk conscious, investment friendly and attractive, and above all, improve their performance so that they can ultimately help propel governments' drive to making the private sector the real engine for economic growth and development.