... are met and monitor the progress in meeting such objectives. Companies need to maintain a good corporate governance structure to ensure that they are efficiently run. Good governance could be seen more as a mentality than an actual set process it is more to do with how the company portrays itself to the public, the investors and to its staff. It is needed in all sizes of organisations. "Good corporate governance is running the company on behalf of the shareholders and other stakeholders." - Chris Jackson (2003),'Foreword', Management Quarterly, Corporate Governance issue 21 (October) p.3. Corporate Governance relates strongly to directors duties which in the UK are partly regulated by legislation in The Companies Act 1985 and to from precedents set in common law these duties are split into three areas, fiduciary duties to shareholders, duties of skill and care and finally conflict of interest. As well as being regulated by statute ...

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