Ethics and Corporate Governance During a Transition Period: The Case of the Australian Company Amp Ltd
Posted: 6 Oct 2000
Corporate identity constantly faces the threat of ethical risks, which in turn calls upon the vigilance of the board of directors. But are corporate governance structures well-equipped for the task? Shann Turnbull, author, chairman and former chairman of many publicly held companies, suggests that corporations, especially those not having a dominant shareholder, establish a Corporate Governance Board. Besides taking on the functions often delegated to board subcommittees, its role would essentially consist of acting as a supervisory board responsible for initiating management practices and procedures, particularly those dealing with the appointment of the chairman of the board and with the framework of debates in shareholder general Meetings.
JEL Classification: G34
Suggested Citation: Suggested Citation