《p专业会计师》笔记.docVIP

《P1专业会计师》笔记2 本文由高顿ACCA整理发布，转载请注明出处 　　Impact on the corporate government? 　　（1） Including social objectives in the mission statement oforganization is a sign that the board believes that they have significantimpact on corporate strategy. ? 　　（2） Ethical codes are part of corporate guidance to promote goodcorporate behavior among their employees. ? 　　（3） Company should report on ethical and social conduct in theirOperation and Financial Review and also may prepare social accounts showing impactof stakeholders. ? 　　（4） Impact of stakeholders on corporate governance may includerepresentatives from key stakeholder groups on the board. ? 　　Institutional investor ? 　　（1） Institutional investors are now the biggest investors in many stockmarkets. They manage funds invested by individuals. Institutional investors canwield great power over the companies in which they invest. ? 　　（2） The major institutional investors include pension funds, lifeinsurance companies, unit trusts and venture capitals companies. ? 　　Role influence ? 　　（1） The significant role of institutional investors is to promote goodcorporate governance. ? 　　（2） Due to the size of their shareholdings, institutional investors canexert significant influence on corporate policy. ? 　　（3） Institutional investors should make a dialogue with companies baseon the mutual understanding of objectives. ? 　　（4） Institutional investors can use many means to intervene and exerttheir influences on companies, such as voting, calling on extraordinary generalmeeting. ? 　　（5） The key issue is to increase dominance of investors and contributepositively to corporate governance through concentrating power in a few hands. ? 　　Principal-agent relationship ? 　　（1） Under the form of joint-stock, companies are limited by shares. Theseparation of ownership from management makes agency is a significant issue incorporate governance, especially for large companies. ? 　　（2） The problem of principals （owners） not being able to run thecompany t