Corporate Governance: The South Pacific Stock Exchange

INTRODUCTION The South Pacific Stock Exchange (SPSE) has adopted principles-based corporate governance guidelines in 2009 to enhance investor participation and Fiji's capital market confidence. Article 42 of the SPSE Listing Rules requires all listed companies to comply with the Corporate Governance Guidelines set out in the Corporate Governance Principles and Reporting Guidelines of the Fiji Reserve Bank (RBF) (SPSE, 2010) I will. Corporate governance is a broad term that describes the processes, laws, policies, practices, and institutions that help organizations and companies manage, operate, and manage their operational methods.

The principles and guidelines of corporate governance are developed in various countries and are issued by securities exchanges, companies, institutional investors, or directors and management association (agencies) with the support of governments and international organizations. In principle, the code on the stock exchange listing requirements may be mandatory, but the law does not force compliance with these governance recommendations. One of the most influential guidelines on corporate governance is the G20 / OECD Corporate Governance Principles, first published as OECD Principles in 1999, revised in 2004, revised in 2015, and approved by the G 20 . These principles are often quoted as regional regulations or guidelines by developing countries

On February 13, 2002, the US Securities and Exchange Commission proposed to amend the rules of the stock exchange due to corporate misconduct and violation of the accounting. In June 2002, the New York Stock Exchange announced a new governance program approved by the US Securities and Exchange Commission in November 2003. The main requirements of the final proposal of the New York Stock Exchange are as follows. Kenneth Lay is a longtime supporter of US President George W. Bush. Donors participated in various political activities including the success of the 2000 presidential election. Therefore, President Bush and his government 's critics tried to tie them to the scandal. In an article published by Economist in January 2002, Lei is a close friend of the Bush family, he insisted that he had funded him since the 1978 parliamentary election failed. Lay has been claimed to hold this position among rumors. Bush Energy Minister