Definition, Objectives, and Set Up of Corporate Governance System (PowerPoint PPTX)

Leadership is key to success. For companies, this start with the board of directors. The governing bodies aka board of director need to set up, clarify the purpose and values, ensure that strategy is aligned with this intent and ensure value is generated for all relevant stakeholders to strategically achieve purpose in line with the set values.

In essence corporate governance covers the areas of sustainable business practices, ethical behavior, corporate strategy, compensation, and risk management. The basic principles of corporate governance are accountability, transparency, fairness, responsibility, and risk management amount others.

The document provide a guidance to the setting up an effective corporate governance system as an essential mechanism for ensuring transparency, accountability, and responsible decision-making within an organization. The guide provide the goals, principles and steps /consideration on creating an effective corporate governance systems an ongoing process that requires continuous commitment and effort. By implementing these guidelines and regularly reviewing your governance practices, actors can enhance organizational performance, protect stakeholders' interests, and promote sustainable growth.