MBA This lecture should be organized and contain relevant definitions, major topic related facts, and supporting examples which illustrate statements made in the presentation.

Core Business

6. Effective company administration includes the establishment and implementation of a well-defined set of policies covering the ethical behavior of all employees and the assurance that effective internal controls are in place. Discuss the purpose of establishing and enforcing these policies in terms the responsibilities of the Board of Directors and the reduction of operating and financial risk.