ACCA考试《专业计师P1》复习详解2.docVIP

ACCA考试《专业会计师P1》复习详解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 themselves and therefore h