Corporate Governance: The South Pacific Stock Exchange

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Introduction The South Pacific Stock Exchange (hereafter SPSE) also adopted the principle-based corporate governance code in 2009 with a view to enhance investor participation and confidence in the capital market in Fiji. The SPSE listing rules Section 6.42 require all listed companies to comply with the corporate governance code as stipulated under the Reserve Bank of Fiji (hereafter RBF) corporate governance principles and reporting guidelines (SPSE, 2010). Corporate governance is the broad term that describes the process, laws, policies, customs, and institutions which provide guidance for the organizations and corporations in the way they manage, operate, and control their operations. It deals with the relationship among stakeholders and works to attain the goal of the organization. Similarly, it deals with the accountability of the individuals through a method which reduces the principal-agent problem in the organization. Fine corporate governance is a crucial standard for establishing the striking investment environment which is needed by competitive companies to gain strong ...

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