by Nick Smith, Managing Director at Living Group, for Director of Finance Online, June 7th, 2011.
The role of corporate governance in determining a company’s success, and its sustainability.
In the 21st Century corporate governance is increasingly likely to be defined by much more than the stewardship of the boards of directors.
Ensuring the long-term sustainability and success of a company for its shareholders and wider stakeholders is a fundamental aim. In support of that aim, winning the trust and support of all its shareholders and stakeholders (employees, customers, investors, partners, communities), is key.
Corporate responsibility is at the heart of any company’s ability to achieve this.
Therefore it could be said that a well-defined, focused and relevant corporate responsibility programme acts comprehensively as a proxy for good corporate governance. Typically, a corporate responsibility programme would commit to and evidence its activities in five key areas; Governance, Marketplace, People, Community, Environment. (continue reading… )