Structure Of Corporate Governance

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What is Corporate Governance?
Corporate Governance refers to the way an establishment or an entity or (any business body-to be more specific) is administered. It is the practice by which companies are engaged and managed. It means carrying the business as per the stakeholders’ longings. It is actually conducted by the board of Directors and the concerned committees for the company’s sponsor’s benefit. It is all about harmonizing individual and communal goals, as well as, commercial and shared goals.
Corporate Governance is the collaboration between various participants (shareholders, board of directors, and company’s management) in shaping corporation’s performance and the way it is proceeding towards. The relationship between the possessors
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An effective corporate governance confirms corporate accomplishment and economic progress.
2. Strong corporate governance maintains investors’ confidence, as a result of which, company can raise capital efficiently and effectively.
3. Decrease in cost of capital
4. Strong impact on share price of market.
5. The owners and managers are induced with the common goal for the common objective of the organization.
6. The rigidity of a good corporate governance ensures the transparency, communication and inculcation of the best organization practices.
7. It helps in brand formation and development.
8. It ensures strong foundation in ethics management and enforcing codes of conduct creates the ideal framework for the implementation of the same.

The Corporate Governance framework outlines the commitment to each of the stakeholders, including the communities in which they operate, and it is their guiding light when they are sometimes faced with business predicaments that leave them at ethical crossroads. The structure is also dynamic in that it has been intermittently revitalized in order to remain contemporary and contextual to the changes in law and regulations. However, it remains intact at its
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A company must be committed to operating their businesses conforming to the highest moral and ethical standards. They do not tolerate bribery or corruption in any form. This commitment supports everything that they do.
2. They are committed to good corporate citizenship. They treat social development activities which benefit the communities in which they operate as an integral part of our business plan.
3. They seek to contribute to the economic development of the communities of the countries and regions they operate in, while respecting their culture, norms and heritage. They pursue to avoid any project or activity that is detrimental to the wider interests of the communities in which they operate.
4. They shall not negotiate safety in the pursuit of commercial benefit. They shall strive to provide a safe, healthy and clean working environment for their employees and all those who work with them.
5. When representing their company, they shall act with proficiency, morality and integrity, and conform to the uppermost moral and ethical standards. In the countries we operate in, we shall exhibit culturally appropriate action. Their conduct shall be fair and transparent and be perceived as fair and transparent by third
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