Governance
What is good corporate governance?
In the wake of EUs ESG initiatives, a fresh focus has come on the “G” of ESG, namely governance.
In essence, corporate governance or board governance is the standard set of rules that ensures that companies are managed effectively and responsibly. However, included in this is that company is managed in a way that meets the company’s short and long-term goals.
The ESG initiatives of the EU further puts the onus on the Board of Directors. EU expects nothing less than a “change of the DNA of the companies” in the areas of environment and social issues.
The set of rules that ensures that companies are managed effectively and responsibly. However, included in this is that company is managed in a way that meets the company’s short and long-term goals.
Best practices incorporate many different aspects of board work. They entail taking a critical look at the qualities and characteristics of board directors, who they are as people, and the way they approach governing an organisation. Governance can incorporate many different practices.
Does your Board function?
Origo provides you with concrete advice on how to organise the work of the Board of Directors.
Best practices for Corporate Governance:
- A competent board
- Strategies aligned with goals
- Accountability
- Integrity and Ethics
- Well-defined roles and responsibilities
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For any board, accountability and high standards of ethics and integrity are imperatives
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