Corporate Governance
Businesses thrive or collapse based on the quality of corporate governance.
Corporate governance is the flow of power and authority directing and controlling the affairs of an organization. It is about the prevailing level of accountability, transparency, fairness, and responsibility in dealings with related parties and other interested parties. In other words, it is the practices of the managers of a business as regards serving the needs of every stakeholder – government, investors, employees, and customers:
- practices for hiring and firing employees.
- practices in relation to compliance with laws and ethics.
- practices concerning corporate strategy, compensation, and risk management.
Good governance helps to elicit trust and confidence amongst various stakeholders within an organization which is a basic enabling condition for achieving sustainable financial stability. Mutual trust and confidence create in stakeholders the willingness to support the business, especially in its trying times – market disruptions or the need for an increase in capital.
We have vast experience in helping organizations across industries and sectors to achieve and maintain good corporate governance practices.