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Combinations. Corporate Governance; " Corporate governance - ten years ago the phrase was not used, today it is commonplace. The work of company directors is in the spotlight. The issues are legion: How to improve corporate performance and strategies, how to ensure corporate conformance through executive supervision and accountability, the role of outside directors, audit committees, chairman and CEO, directors' remuneration, German two-tier boards, Japanese boards, institutional, investor power..... " (Corporate Governance, Bob Tricker, 1984) The term 'corporate governance', in recent years has been used in a number or contexts, particularly in relation to that of boards of companies listed on the stock exchange. But many of the issues surrounding corporate governance have had implications for boards of privately owned companies too. Indeed, governance is the central role of all boards of directors, so an understanding of what it is and the issues involved can provide a useful insight for directors. This report will not...

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