1. The Structure, Organization and membership of companies’ boards of directors there must be a clearly define organization structure so as there will be a clearly define roles and responsibilities when it comes decision making


2. The Accountability of boards to shareholders (who own Companies) and other stakeholders , as a public listed company there are more stakeholders as compared to a private listed company. There must be someone that incharge like the CEO or the COF to report to the boards of directors and shareholders because the avoid internal corruptions, fraud or company funds being embezzle. The board of directors has to govern the company or watch over to prevent such movements or incidents from happening.


3. The transparency of governance standards and processes must be present because it concern the interest of the stakeholders and again to prevent any corruptions and not hide any information from the public or skateholders.


4. The Quality of companies’ communications about these and other issues as a public listed they have to account their transaction or development transparently and not forgetting the accuracy of information, because of they are public listed company and forms of government intervention would then be present in order no form of corruptions and information being sent to the public must be transparent as well

For individual organisations, improving standards of governance is most certainly not a ‘one off’ exercise that can be completed and then forgotten. Instead, it is a continuing process of review and renewal, that needs to drive real changes across an organisation. The opportunity is huge, but the challenge and commitment required should not be underestimate.

This shows that there are a lot of procedure when it comes to public listed company, we’ve discuss the advantages and disadvantages of being a public listed as compared to a private listed. However, I would like to present an issue that has not being brought up during the meetings. Which is Red Tapes and developmental stages.

There would be more red tapes to follow and S.O.P when the company face a form of transaction, disadvantages would be it takes time to process and on top of that time equates opportunity and opportunity equates more profits so it’s rather contradicting as a company develops there would be increases in profits which is what the stakeholders interest however with all these procedure it reduces or hinders companies development. I as an individual agree the fact that without these code of governance temptations and forms of corruptions might occur and the percentages of it occurring is rather high.

Food for thought, how can company reduce the procedures and be able upheld their code of governance to increase company’s profits and development that is a question I’ve yet to find out.