A Global Corporate Governance Body is Needed

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A Global Corporate Governance Body is Needed
K.Narayana Moorthy, HR Consultant, India

Businesses and banks are operating globally. This means their visions, missions, goals, strategies and operations change are based on the demands of international markets.
A wise step would therefore be to INITIATE A GLOBAL INTERNATIONAL BODY to make policies and procedures so that financial institutions and businesses can thrive well as well as serve well.
A separate body should be constituted to frame supervisory tasks internationally, so that banking and businesses could render worthy services.
The board members of the proposed body should be aware / well informed regarding consumer insights; product insights; purchase insights; cultural insights; brand insights; usage insights; future insights; market insights; owner sights, so that bankers and business owners can render worthy service to themselves and the general public.

Aspects of International Corporate Governance
K.Narayana Moorthy, HR Consultant, India
International corporate governance covers a wide range of topics like: corporate control, regulation, behavioral issues and role of stakeholders in the governance.

In general, good governance will result in:
- Accountability,
- Transparency,
- Responsiveness, and is
- Equitable & Inclusive,
- Effective & Efficient,
- Following the Rules of Laws, and
- Participatory and Consensus-oriented.

Proper governance will include:
- Rights of Shareholders & Key Ownership functions;
- Equitable Treatment of Shareholders;
- Role of Stakeholders in Corporate Governance;
- Disclosure & Transparency;
- The Responsibilities of the Board.



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