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welcome to this webcast on corporate governance my name is Philip Brophy from Matthews file being lawyers in Parramatta and I look forward to presenting to you good corporate governance is at the heart of legal compliance and corporate success yet the publicity it receives is often for the wrong reasons so how can you achieve a sensible level of governance for your particular business lets start by looking at what is corporate governance corporate governance should be thought of as having both internal and external components internal corporate governance deals with the management and control of the company including such matters as compliance with the company Constitution and internal rules policies and procedures developed by the company itself decisions of the board of directors and the shareholders of a general meeting these are the two main organs of the company relations between the board and shareholders which relates to issues such as accountability transparency and disclosure