Abstract
As a result of recent corporate scandals and related reforms, a growing number of companies now have corporate governance officers. While the CGO may fit into a number of places in the corporate organization chart, the optimum position is likely to be that of corporate secretary, or at least in the corporate secretary's department. More important than the CGO's formal reporting structure is the “tone at the top” stemming from board and management support for good governance and the CGO's role in implementing it. The CGO's principal responsibilities can be broken down into three areas: (1) developing and assisting in the implementation of governance policies, systems, and practices; (2) engaging in internal and external communications regarding governance; and (3) implementing continuous improvement in governance.
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