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Elements of good corporate governance

Elements of good corporate governance

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Faith
1) Enterprise prosperity and survival:-
Corporations must be managed efficiently and effectively to ensure prosperity and survival. When they prosper they generate wealth and promote well-being of both the stakeholders and the society.
2) Ethics, integrity and responsibility
Organizations must be lead on the premise that the highest standards of integrity and ethics be maintained. Abuse of powers, corruption, laziness, conflict of interest and other such vices can all ruin organizations. The people appointed to new organizations must be fair, transparent and responsive.
3) Employee participation in decision making i.e. employee empowerment. Quality circles suggest that workers have increasing influence on what occurs in the work place.
4) Administration of justice on employees and other stakeholders through the application of rules and regulations.
5) Protection of employees right to employment by providing job security to employees
6) Establishment of positive corporate culture.
Titany answered the question on October 26, 2021 at 12:07

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