What is Corporate Governance?
Corporate governance is a system of policies, processes and rules that direct and control a business’s behaviour. It is the framework that defines the relationship between shareholders, management, the Board of Directors and other key stakeholders. Corporate governance policies need to be enforceable and applied consistently.
Good corporate governance fosters a culture of integrity and leads to a positive performing and sustainable business. Good governance signals to the market that an organisation is well managed and that the interests of management are aligned with other stakeholders. As such, it can provide businesses with a competitive advantage.
The Board of Directors plays a vital role in the development of corporate governance policies. It needs to engage with the management of the business to provide clarity of strategic purpose. Developing and setting a clear strategy and then implementing it effectively are vital to any organisation’s success. Shareholders also play an important role in governance as they need to ensure the right directors are appointed to their Board.
Our training, course and workshop on Corporate Governance:
1. Good Corporate Governance
2. Business Ethics