Discover the transformative power of stakeholder governance in achieving lasting success. This approach goes beyond profits, emphasizing sustainability, corporate reputation, and employee engagement. Learn how businesses can mitigate risks, adapt to change, and prioritize stakeholders for a resilient, forward-thinking organization.
Corporate governance has undergone significant transformation driven by evolving business landscapes, technological advancements, changing societal expectations and regulatory requirements. This article explores the latest trends and debates surrounding corporate governance, shedding light on how companies are adapting to new challenges and opportunities.
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.
The Companies Act, 2015 (the “Act”) in Section 142-147 has outlined the various duties of directors as below;
In the realm of Corporate Governance, the composition of boardrooms has long been a topic of discussion and debate. One particularly contentious issue has been the lack of gender diversity on corporate boards, with some organizations still maintaining all-male or all-female boards.
Social and Ethical Audits allow the company to see itself through a variety of lenses and captures the Company's ethical and social Profile.
Surrendering of shares refers to the voluntary return of shares held in a company by the registered shareholder for those shares. Surrendering shares, is in effect, the same as transferring those shares in favour of the company that issued them.
The Board has the mandate of setting out the strategic direction of the company, overseeing management's performance, and ensuring that the company operates in compliance with the expected legal and ethical standards. With an increase in stakeholder expectations and enhanced regulatory requirements, there has been an increasing need for use of various mechanisms to assess the performance of the board.
Governance, risk management, and compliance (GRC) is a corporate management system that incorporates these three crucial functions into the processes of every department within an organization.
