Riskability Governance Watch
Corporate governance issues have recently become a highly
discussed and controversial management component, both at the directors
and managerial level. In order for the individual company to develop its
customized framework and roadmap, each business unit must understand the
political, structural and historical development in the organization.
As part of our Riskability assessment
tools, we have now developed an IT tool we call the Riskability Governance
Watch.
Clearer and pressing need
The company's corporate governance behaviour during any crisis will guide
the leaders and managers companies to conduct business corporate governance
action during normal times. However its is during these regular times
that governance components and structures need to be updated to avoid
future financial disasters.
Let the Riskability Governance Watch review the roots of the various management
elements and find the underlying causes of processes that make up the
structure of sound corporate governance in the organisation.
The continuous series of Governance reforms throughout the world, lately
by the company laws and EU directives to ensure that the companies have
the right checks and balances in every department.
Ethical basis for governance responsibilities
Companies had since also developed adequate communications platform and
given the rights and power to stakeholders and shareholders to keep keeping
a watchful eye on the board and CEO. Therefore, we recommend the roadmaps
and frameworks embedded in the Riskability Governance Watch as
part of your an annual survey. The findings will ensure that all of the
components of significant Corporate Governance reinforcements continue
to meet the principles and its objectives since implementation.
Tenets of good governance
Directors who were well informed about finance performed no better than
those who are classified by some as know-nothings. Companies that separated
CEOs and chairmen did no better either. Far from helping companies to
weather the crisis, powerful institutional shareholders and independent
directors did worse in terms of shareholder value.
Good governance is necessary for several reasons. It not only gives stakeholder
confidence, but improves the trust components in the decision-making processes.
Goo Governance can lead to better decisions, and importantly provides
an ethical basis for governance responsibilities.
