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| | ''Law''. |
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| A framework that | | A company, usually with limited liability and on a sole basis, which acts as a trustee. For example, as a Trustee of a pension scheme. |
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| (i) provides guidance on strategy, including assessing risk <br>
| | The directors of the corporate trustee effectively act as Trustees in the normal sense. |
| (ii) ensures effective monitoring of management and <br>
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| (iii) makes certain that managers are accountable to stakeholders.
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| The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the organisation. | |
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| Among other concerns, corporate governance includes management structure, employee relations and executive and employee compensation.
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| Comparable frameworks in non-commercial organisations.
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| In the non-commercial context the term 'governance' (without the 'corporate' part) is more common.
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| | A corporate trustee of a pension fund may be a nominee of the sponsoring company, or entirely independent, as long as it complies with the relevant law. |
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| == See also == | | == See also == |
| * [[Accountability]] | | * [[Trustees]] |
| * [[Agency risk]]
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| * [[Audit committee]]
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| * [[Board of directors]]
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| * [[Board reserved powers]]
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| * [[Corporate social responsibility ]]
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| * [[Developments in corporate and market regulation: implications for the treasurer]]
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| * [[ESG]]
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| * [[ESG investment]]
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| * [[Ethics]]
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| * [[Governance]]
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| * [[Kay Review]]
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| * [[Institute of Business Ethics]]
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| * [[Non-Executive Director]]
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| * [[Shareholder value]]
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| * [[UK Corporate Governance Code]]
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| ===Other links===
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| [http://www.treasurers.org/node/10141 Doing the right thing, ''Sarah Boyce'', The Treasurer]
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| [[Category:Corporate_finance]]
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| [[Category:Ethics_and_corporate_governance]]
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Revision as of 09:41, 5 August 2013
Law.
A company, usually with limited liability and on a sole basis, which acts as a trustee. For example, as a Trustee of a pension scheme.
The directors of the corporate trustee effectively act as Trustees in the normal sense.
A corporate trustee of a pension fund may be a nominee of the sponsoring company, or entirely independent, as long as it complies with the relevant law.
See also
