Why do we need Corporate Governance? #GreatMinds

Corporate Governance is the system of rules, procedures, processes, and systems by which a company is directed and controlled. Adhering to good governance practices brings about an excellent balance in the interests of a company’s many stakeholders – customers, employees, shareholders, management, suppliers, financiers, government, and the community. Since corporate governance also provides the structure for attaining a company’s objectives, it incorporates practically every aspect of management – planning, strategizing, instituting effective control systems, performance measurement and corporate disclosure.

Here’s what Dominic Cadbury, a British businessman and member of the Cadbury chocolate manufacturing dynasty, has to say:

WHAT DO YOU THINK?

Let me know in the comments section.

In this ongoing series #GreatMinds on my blog, I am shining a spotlight on the important ideas that some very successful people keep talking about in their public life.

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