Your Corporate Governance Philosophy: Why It Matters
Corporate Governance is a set of relationships; between the shareholders and the governing body, the governing body and the stakeholder, the shareholders and the shareholders, the shareholder, stakeholders and the organisation. It outlines their duties to each other, the terms of their relationship all in the vein to do what is best for each party and the progress of the organisation. It employs many mechanisms which at the centre has the profiting of the organisation. Its function includes:
It creates the corporate culture of the organisation.
It helps design and determine the objectives and ethics of the organisation.
It ensures that the stakeholders comply with the organisation’s rules.
It designs, determines, implements the governance framework for the organisation.
Ensures transparency to ensure strong and balanced economic development.
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