Corporate governance is the process by which a company is managed and controlled. It encompasses everything from the structure of the board of directors to the policies and procedures that are followed in making decisions. It is vitally important that companies adhere to ethical standards, as doing so demonstrates a commitment to doing the right thing for both their shareholders and their employees. In this article, we’ll explore importance of ethics in corporate governance.
In the business world, uncertainties and complexities are increasing, which brings opportunities as well as risks for firms. Today’s environment necessitates enterprises to adopt practices that ensure operational continuity and sustainability. Laws safeguard the interests of business and all those having stakes in business firms. This article outlines how legal frameworks assist a business in achieving its goals. The article also recommends two books to enhance your knowledge of the subject.