Governance in a large organisation

Brian J. Chartier

International Journal of Business Governance and Ethics, 2006, vol. 2, issue 1/2, 54-63

Abstract: Achieving good governance in a large organisation requires a harmonisation of various activities that occur in various functional groups. Main board activity is often the key priority for corporate secretaries and compliance officers. In most big companies there are also several downstream entities that need to have the right processes and proper guidance to maintain high governance standards. Not paying attention to all the various entities can lead to governance failures and often result in damaged corporate reputations. Technology needs to be part of a total solution in building an effective governance framework. Subsidiaries need to be included in the total corporate picture when it comes to compliance activities and should be included in the corporate governance initiatives. The risk of not taking this approach is that they will either flounder or develop their own solutions which can lead to increased costs, duplication or worst, non-compliance with regulatory codes.

Keywords: compliance; global organisations; corporate governance; subsidiaries; technology; large organisations; board of directors; subsidiary governance. (search for similar items in EconPapers)
Date: 2006
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