CH3-Governance HW

Accounting 422- Internal audit and control

-Homework questions, not an essay, don’t need a one page essay long

1.What should be considered the principles of good corporate governance practices? Please develop a set of principles for BOD to exercise good governance practices. List at least 10, without repeating the example below.

Example:

The board approves corporate strategies that are intended to build sustainable long-term value.

2. What are some governance problems corporations are facing today? Please list at least 10 common corporate governance problems, besides the example below.

• Example:

  Lack of board independence.

Possible HW Research Resources

• The IIA
• Journal articles through CSUF online library
• The National Association of Corporate Directors (NACD)