Good corporate governance: evidence from Fijian listed entities

Good Corporate Governance is the process of how the companies are directed and controlled. In Today’s market- based economy, corporations make a significant contribution to the gross domestic product. Good corporate governance means that corporations are run in the best interest of the members and the other stakeholders. Therefore, Good Corporate Governance has become an integral requirement in today’s fast changing, competitive and global economy. The scandals and failure of big corporate giants such as Enron, Arthur Anderson, Worldcom and HIH to name a few, calls for Accounting discipline to hold liability. The applicable Accounting standards including International financial reporting
standards and the way accounting is practiced may open doors for corrupted Accountants. This paper examines corporate
governance from an accounting perspective and suggests ways on how corporation’s valuable assets and corporate image can
be protected by applying the best accounting practices and recommendations from capital markets unit of Reserve Bank of
Fiji on good corporate governance. This paper uses a content analysis approach and examines the corporate governance
practices from the annual reports of listed companies in Fiji.