In a constantly changing business environment, organizations face numerous challenges when it comes to governance and compliance. Generally, risk is the possibility that an outcome will not be as expected.
Managing governance and compliance risks is a critical aspect of modern business management. Organizations that prioritize effective governance, regulatory compliance, and ethical conduct position themselves for sustainable success.
Stakeholder engagement involves the process of actively involving individuals, groups, or entities affected by or having an interest in a company's operations, decisions, or policies. By embracing stakeholder engagement, businesses enhance transparency, accountability, and ethical conduct, ultimately fostering long-term sustainability and success.