The theme of the India Corporate Governance Day on the 20th of January 2023 is developing and establishing the organisation’s corporate governance structure, roadmap, and framework.
We review and develop corporate governance as a well-defined set of corporate values, with particular characteristics to create a gratifying good governance working environment for all stakeholders.
The company can have the best state-of-the-art systems, tools and processes. However, if the mechanisms of ʻPeople Governanceʼ are not appropriately implemented, the corporate governance principles will create complexities in the decision-making process in the organisation.
Opportunities for implementing corporate governance principles are not optional. After the foundation of corporate governance based on the agenda, all corporate stakeholders will be aware of the corporate governance principles and pledge that;
- Management will justify business deals if the companyʼs reputation is at risk.
- All stakeholders are accountable for their actions on agreed business values, standards and principles.
- Participants will ʻownʼ the ethical business conduct with the integrity components as part of the good governance in all business processes.
We structure corporate governance as a set of rules, restrictions and relationships to align the interest of the board of directors, process owners and all stakeholders with different interests and incentives. The roadmap and framework will align the multiple governance components to ensure the firm’s longevity.
Therefore, corporate governance is the legal and soft compliance order to ensure that the board of directors, management, managers and employees work in the company’s best interest and, thereby, the owners and stakeholders.
The business cases will bring to life the various shades of solving corporate governance dilemmas for different situations to understand how the many components will deliver;
- Participants will recognise, interpret and respond to questionable conduct.
- Clear on ethical grey areas in business practice and identify areas of possible mistakes.
- Determine the consequences of the cultural component of corporate governance
- Uniform relationships with trust and transparency amongst all stakeholders.
- Optimise the risk of regulatory or reputational corporate governance.
At the end of the event, we will ring-fence the principal message on Corporate Governance with the vision, goals and infrastructure of ethics and integrity issues. We will further ensure that integrity and ethics processes are embedded in the roadmaps and frameworks for regular follow-up and avoid quarterly or annual assessments.