corporate governance

Corporate governance is critical for the proper functioning of an organization. Demonstrating good corporate governance is important for maintaining a company’s reputation.

Corporate governance is based on a set of rules, Good governance ensures a company’s integrity, overall direction, risk management and success planning. This, in turn, helps companies stay financially viable and build strong community, shareholder and investor relations and trust. Demonstrating good corporate governance is often considered as important as profitability for businesses.

Bad corporate governance can lead to a host of negative outcomes, such as the following:

• failure to reach company goals;
• loss of support from stakeholders and community;
• financial losses; and
• collapse of the company.