Corporate Governance
Competency Title:
Corporate Governance
Competency Type:
Core
Competency Description
This competency refers to the ability to understand the principles and recommended practices of corporate governance in the conduct of business. The scope includes observing the code on corporate governance to achieve business sustainability and long-term shareholder value.
Level 1 - Awareness
Level 1
• Identify the importance of practising good corporate governance.
• Recognise the recommended practices of corporate governance.
Level 2 - Knowledge
Level 2
• Define and outline the principles and requirements of good corporate governance.
• Identify the elements of corporate governance in regulations and guidelines.
• Identify the implications and expectations of the corporate governance code.
Level 3 - Skill
Level 3
• Identify the linkage between activities in own area and the corporate governance code implementation.
• Interpret the operational requirements of the corporate governance code.
• Perform roles and responsibilities consistent with the recommended practices of corporate governance.
Level 4 - Mastery
Level 4
• Develop and implement business processes and procedures consistent with the principles of corporate governance.
• Develop and implement a framework that integrates governance, risk management and compliance.
• Review business processes and procedures for consistency with the principles of corporate governance.
Level 5 - Expert
Level 5
• Adopt corporate governance practices that are aligned to international standards.
• Review and recommend improvements in corporate governance practices to achieve business sustainability.
• Advocate good corporate governance through engagement and consultation with regulators and relevant stakeholders.