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	<title>The Best Practice Network Guidelines &#124; The Best Practice Network &#187; Corporate Governance Guidelines</title>
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	<description>Definition of a best practice. &#039;Best Practices&#039; are rules, standards, regulation relating to compliance, audit, risk management.</description>
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		<title>Corporate Governance Guidelines</title>
		<link>http://www.best-practice.com/compliance-best-practices/corporate-compliance/corporate-governance-guidelines/corporate-governance-guidelines-12032011/</link>
		<comments>http://www.best-practice.com/compliance-best-practices/corporate-compliance/corporate-governance-guidelines/corporate-governance-guidelines-12032011/#comments</comments>
		<pubDate>Sat, 12 Mar 2011 11:21:58 +0000</pubDate>
		<dc:creator>Bernard-Louis Roques</dc:creator>
				<category><![CDATA[Corporate Governance Guidelines]]></category>
		<category><![CDATA[accounting best practices]]></category>
		<category><![CDATA[Best Practice]]></category>
		<category><![CDATA[best practice guidelines]]></category>
		<category><![CDATA[Best Practices]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Corporate Compliance]]></category>
		<category><![CDATA[Corporate Governance]]></category>
		<category><![CDATA[Regulations]]></category>
		<category><![CDATA[Reporting]]></category>

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		<description><![CDATA[Good governance and best practice guidelines]]></description>
			<content:encoded><![CDATA[<p>Good <strong>governance</strong> and <strong>best practice</strong> creates the environment for the attitudes, mechanisms and behaviors that allow well-informed decision making to take place. Failures of governance or <strong>corporate compliance </strong> lead to bad decisions and business failures, and sometimes irregularities. Where individuals can be relied upon to act with integrity and according to <strong>best practices</strong>, a proliferation of guidance and the imposition of <strong>regulation</strong> is unnecessary.</p>
<p>“<strong>Corporate governance</strong> is one key element in improving economic efficiency and growth as well as enhancing investor confidence. <strong>Corporate governance</strong> involves a set of relationships between a company&#8217;s management, its board, its shareholders and other stakeholders. <strong>Corporate governance</strong> also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined.” <a title="OECD Principles of Governance" href="http://www.oecd.org/dataoecd/32/18/31557724.pdf" target="_blank">OECD Principles of Corporate Governance, 2004</a>.</p>
<p><strong>Corporate governance and compliance guidelines:</strong></p>
<p><strong></p>
<ul>
<li><span style="font-weight: normal;">Law and <strong>regulations</strong></span></li>
</ul>
<p></strong></p>
<p>The conduct of business should always be in accordance with applicable <strong>best practices</strong>, laws and <strong>regulations</strong> of the jurisdictions in which the business takes place including, but not exclusively, fiscal legislation, competition legislation, consumer and data protection legislation and anti-money laundering measures.</p>
<p><strong></p>
<ul>
<li><span style="font-weight: normal;">Integrity</span></li>
</ul>
<p></strong></p>
<p>The company must conduct  its business with integrity and ensure business <strong>best practices</strong> are spread, known and applied  throughout the corporation.</p>
<ul>
<li>The long term view</li>
</ul>
<p>Definition and achievement of long term objectives and strategies, compliant with its mission statement, are critical for a company&#8217;s perennial development.</p>
<ul>
<li>Respect for stakeholders</li>
</ul>
<p>The conduct of business will be successful in the long term where the interests of stakeholders, including fund providers, board of directors, company management, employees, customers, suppliers and other stakeholders are respected,<strong> best practices </strong>strictly referred to, and in which conflicts of interest are managed appropriately.</p>
<ul>
<li>Transparency</li>
</ul>
<p>Clear <strong>accounting best practices</strong>, disclosure and timely communication of relevant and material information to facilitate high quality decision-making are critical.</p>
<ul>
<li>Confidentiality</li>
</ul>
<p>Company information should be considered as confidential and should not be used in a way that is detrimental to the company.</p>
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