ABSTRACT
Corporate governance is a subset of public governance and is undoubtedly an international phenomenon due to the serious attention paid to it by the World Bank, the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD). Traditionally, the corporate objective continues to be to maximise shareholder wealth'. Any departure from this objective creates agency problems. A failure to achieve this objective results in shareholder migration, creating a market for corporate control. The triple bottom line (TBL) is a framework for measuring and reporting corporate performance in terms of economic, social and environmental parameters as modern corporations add or destroy economic, social and environmental value. The senior management team, who are not directors, should look into the day-to-day operations. The CEO is the head of the management team comprising himself along with the Chief Operations Officer (COO), the Chief Information Officer (CIO), the Chief Risk Officer (CRO) and the Chief Financial Officer (CFO).
