Nat Schooler and Kim-Adele began discussing why corporate governance is essential to an organisation’s success including governance and infrastructure and creating an empowering culture to ensure success.
Why corporate governance is essential to an organisation’s success?
In corporate governance, the management of a business or organization is exercised by its board of directors. Corporate governance is about more than just who has the power and what they do with it: corporate governance involves many complex structures and processes to ensure fairness in decision making. For example, corporate boards establish guidelines for how managers should spend shareholders’ money and set targets for performance metrics such as revenue growth and profit margins. In this interview, we explore why corporate governance is essential to an organisation’s success!
There is a lot of discussion about what corporate governance is and what it means for an organisation. In this interview, Nat Schooler interviews Kim-Adele on corporate governance to get the answers to these questions.
Kim-Adele explains how corporate governance can be seen as a system of rules and regulations that guide decision making in organisations. Kim also talks about the tangible benefits it brings such as empowerment for people within the organisation and speeding up work rather than slowing it down with change management.
Why corporate governance is essential to an organization’s success is a question that people without a structure often ask…Corporate governance helps ensure that businesses are run in an ethical and transparent manner.
Corporate governance is the process of monitoring and making sure that an organization’s assets are being used in a way that benefits its shareholders.
Corporate governance helps ensure accountability and transparency in decision-making at all levels of an organization.
The board of directors oversees corporate governance, with their responsibility to ensure that management is acting responsibly and ethically.
There are two types of corporate governance:
Internal (made by the company itself) and external (made by stakeholders like investors, government and customers)
Internal corporate governance includes things like managerial accountability, transparency, ethics policies, whistle-blower protection laws, etc.
External corporate governance includes things like shareholder rights protections or voting requirements for certain decisions.