1. Dealing with Corporate Governance and Accountability Predicaments.
Nelson Nyoro
Co-operative practitioner and Scholar
Uphold public interest

2. Objectives of the discussion
Definition of corporate governance
Identify the pillars of corporate governance
Review of theories and implications
Pay-offs of good governance
Simulations

3. Audit bridges information asymmetry
Risk comes from not knowing what you are doing
Warren Buffet

4. Definition of Corporate Governance I
The acceptable interrelationships between the Board, the shareholders, employees and other stakeholders in pursuit of pre-stated goals.

5. Review of theories
Agency theory (The agent may be succumbed to self-interest, opportunistic behavior and falling short of congruence between the aspirations of the principal and the agent’s pursuits).
Political theory
Captive theory
Broken window theory
Steward theory

6. Co-op Principles and corporate governance
Voluntary and open membership; ( Win the market and retain)
Democratic member control;
Economic participation by members;
Autonomy and independence; ( Less of Govt)

7. Co-op Principles and corporate governance
Voluntary and open membership; ( Win the market and retain)
Democratic member control; ( Political theory and Captive Theory)
Economic participation by members;
Autonomy and independence; ( Less of Government)

8. Co-op Principles and corporate governance
Education, training and information; ( Efficient market hypothesis)
Co-operation among co-operatives
Concern for community in general ( Corporate citizenship)

9. Definition of Corporate Governance II
The processes, policies/ Procedures, structures, actions employed by a Board to oversee and monitor an organization so that it can achieve it`s objectives.

10. Parties to corporate governance
Bankers/Lenders
shareholders
Employees
Governance
Govt
Competitors
Customers

11. Pillars of corporate governance
Legal framework
leadership
Internal controls
Governance
stewardship
Accountability
Authority

12. What does it benefit an organization?
Corporate Governance is central to the a Firm’s approach toward the enhancement of shareholder value.