Corporate Governance Aims (Continued)
K.Narayana Moorthy, HR Consultant, India
What is Corporate Governance Concerned With?
Corporate governance is concerned with holding the balance between economic and social goals, and between individual and communal goals.
Why is there a need for Corporate governance?
- It is one of the key elements in improving economic efficiency and growth.
- It reduces the cost of capital;
- Encourages more stable sources of financing;
- Facilitates broadening and deepening of local capital markets.
What is key focus of Corporate governance?
Organization's reputation;- Valuation & profitability are directly linked to governance;- Effective & Real time risk management; -and Adhering to regulatory Compliance.
(Further comments will follow in the next).