In: Operations Management
Corporate governance is concerned primarily with protecting weak and widely dispersed shareholders against self-interested Directors and Managers, Discuss the pillars of good corporate governance citing appropriate industry examples.
Answer:-
There are six pillars of good corporate governance:
Responsibility-
Owing danger and compensation in acheiving objectives is the property of responsibility. In a good corporate governance it is most significant factor to make procedures and execute undertakings for achieving objectives.
Transparency -
It is important to not conceal all the procedures and exchanges with the goal that pariahs and other people who can be influenced by this can watch everything
Free confirmation:
An autonomous executive in tbe board to guarantee that there ought not be any activities for individual advantages.
Administration-
This pillar is significant for building up the manner by which business ought to be finished.
Reasonableness-
Treating every single stakeholders impartially and sensible whether they are of minority or larger part bunch is significant factor.
Stakeholder Engagement-
Engagement of stakeholders is important for the business achievement. Association of the stakeholders with business and their commitment are critical issue.
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