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Sep 7, 2012

Principles of Good Governance


Transparency: Transparency is a fundamental aspect of the corporate governance. Transparency means giving timely and accurate information to the shareholders and the general public. The information could be related to the financial position of the company as well as non-financial related.

Accountability: Managers are accountable to the board and the board is accountable to the general shareholders. Any action these parties carry out should be done in keeping mind of greater sense of accountability and responsibility.

Equity: The Company should treat each and every shareholders equally irrespective of number of shares they hold. The company should always try to protect the interest of the shareholders.

Ethics: Any activities the company carries out should be done in ethical manner. The company should carry out the business following the values and vision of the company.

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