One of the common questions we get asked on corporate governance is “What is Corporate Governance?" This question can be answered by this infographic as it has clearly discussed corporate governance and its essential in an organization.
Good corporate governance usually delivers good businesses and a good reputation. A good corporate reputation converts good companies into great companies. Thus, the company should not only focus on profit, but there are also many factors required for the building company. Most of the companies neglect the part of corporate governance for granted, due to which the company can reduce its market value, sale of the majority of the shareholder.
In fact, corporate governance and ethics are actually two sides of the same coin and go hand-in-hand. For the smooth functioning of corporate governance, business ethics is essential and vital.
As Thomas Friedman (Author – The World is Flat) once said – "We don’t need a financial bailout; we need an ethical bailout. We need to re-establish the core balance between our markets, ethics, and regulations."
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