tailieunhanh - Lecture Corporate governance and ethics: Chapter 1 - Rezaee

Lecture Corporate governance and ethics - Chapter 1: The free market system and business. After completing this chapter, students will be able to: Learn the free market system and business; understand the role and responsibility of business in society; understand the primary goal of corporate governance;. | siness Chapter Zabihoilah Rezaee Corporate Governance and Ethics The Free Market System and Chapter Objectives Learn the free market system and business. Understand the role and responsibility of business in society. Understand the primary goal of corporate governance. Recognize that effective corporate governance is established through power sharing among all participants particularly shareholders boards of directors and management. Exemplify the importance of reliable and transparent financial information. Be aware of the effect of corporate governance on investor confidence. Present various definitions of corporate governance. Provide an overview of corporate governance reforms. Introduce business ethics. Provide an overview of costs and benefits of corporate governance reforms. Key Terms Corporate accountability reporting H Corporate cu Itu re B Corporate gatekeeper B Corporate governance Ethical accountability Federal sentencing guidelines Generally Accepted Accounting Principles GAAP M Listing standards Multiple bottom lines MBL Public Company Accounting Oversight Board BBBB Sarbanes-Oxley Act of 2002 SOX B Securities Act of 1933 Securities Exchange Act of 1934 Securities and Exchange Commission SEC Social .