Governance, environmental and social issues

In this lesson

1. 0:00 Corporate governance defined and explained
2. 1:56 Four principles for exam success
3. 3:03 Benefits of strong corporate governance
4. 4:05 Fraud triangle and corruption prevention
5. 5:00 Consequences of poor governance
6. 5:32 Real-world failures: Enron to Volkswagen
7. 7:02 Blockbuster's failure to innovate
8. 8:07 Environmental impacts and controls
9. 9:25 Social impacts: positive and negative

About this lesson

This lesson covers the four key principles of good governance—accountability, transparency, fairness and responsibility—and explores real-world failures like Enron, Blockbuster and Volkswagen's Dieselgate scandal to show what happens when governance breaks down. You'll discover how these concepts link to performance management and appear in Advanced Performance Management exams, plus practical examples of positive and negative environmental and social impacts organisations can have. The session explains the fraud triangle model, which shows how opportunity, motivation and rationalisation combine to create corruption risk, and how strong governance removes these conditions. You'll see the tangible benefits of good corporate governance—building trust, supporting long-term financial viability, helping raise capital and reducing losses—alongside the serious consequences of poor governance, from damaged reputation and loss of investor confidence to regulatory crackdown and business failure. By the end, you'll be able to identify environmental impacts like resource scarcity and carbon emissions, recognise positive social contributions such as employment and community support, and articulate how organisations can manage these responsibilities effectively.

Duration: 11m