PRINCIPLES OF CORPORATE GOVERNANCE
Fairness, accountability, responsibility and transparency are the core principles of corporate governance that an organization should apply in order to outperform the competitors and to be able to attract investors, for financial growth.
Good corporate governance is a key factor behind the efficiency and growth of a company. Whereas, poor corporate governance can affect company’s overall market potentials, and can cause financial difficulties leading to long-term damage to a company’s goodwill. A company that follows these core principles of good corporate governance i.e. fairness, accountability, responsibility and transparency, overtakes other companies in terms of winning investors’ confidence, who can further support the financial growth.
It is important to understand the basics of corporate governance and align the overall business structure accordingly to attain long term benefits.
The top 5 principles of corporate governance are leading our organisation, exercising control over our organisation, being transparent and accountable, working effectively and behaving with integrity.