CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY
• Related to referencing, all answers are to be fully referenced within the body of each answer and a full bibliography is required
Question One: Attachment A (4 Pages)
You have been provided with 8 core principles of the ASX Corporate Governance
Guidelines and the OECD Principles of Corporate Governance (Attachment A). The ASX Corporate Governance Guidelines 8 core principles do not have any legal backing but carries significant authority and is very influential.
Discuss how a national governance body, (eg ASX), manages to influence corporate governance practices and what are the arguments for making these principles legally binding?