Corporate Governance

When you browse the web sites of big corporations or multi-national companies such as IBM, Microsoft and some famous banks, do you find if they publish their statements about corporate governance. Strange, I can not find any.

SmarTone)http://www.smartone.com.hk) is one exception. It publishes its corporate governance as follows :

The Group strives to maintain a high standard of corporate governance practices. It has established an Audit Committee to ensure proper reporting and adequate internal controls, with a majority of the committee members being independent non-executive directors. In addition, Remuneration Committee has been set up to ensure a formal and transparent procedure for setting policy on executive directors' remuneration and for the fixing the remuneration packages of executive directors and senior management. The Group is also committed to achieving a high level of transparency with the timely communication of information to shareholders and investors through different channels, including corporate web site, investor meetings, press conferences and financial reports.

After reading, my comment is that an Audit Committee plus Remuneration Committee should not be sufficient to ensure a broad and sound framework for corporate governance practices. More should have been mentioned. How about protecting the interests of stake holders, protection of customer data privacy, setting benchmark to gauge the Group's business and operational performance and establishing a business continuity plan in case of disasters.