Corporate Governance and Strategy

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Corporate Governance and Strategy
How is corporate governance related to strategic management in an organization?

Corporate Governance and Strategy
Madan Gopal Agarwal, Member
Corporate Governance largely depends upon the ethical and moral frame of mind and intention of the person wielding maximum power on board / management of any Organisation. It is reflected in the brand value, prestige, reputation and trustworthiness of the company.
Strategy: Corporations can use their brand value for their business advantage by strategizing their track record of corporate governance for everybody wants to do business with respected corporations!

Good governance brings good results
Khumbo Shaba
For strategy to work well, there is a need of a good reputation of the firm if the firm's products and services are to be highly recognized
Bad publicity emanating from bad governance can weaken a firm's ability to compete well.
That's why issues like the environment, shareholder value sustainability; realistic executive pay and many more are important issues in good governance projects.



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