How ethics can make corporate governance more meaningful in?
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HOW ETHICS CAN MAKE CORPORATE GOVERNANCE MORE MEANINGFUL.Corporate governance is meant to run companies ethically in a manner such that all stakeholders—creditors, distributors, customers, employees, and even competitors, the society at large and governments—are dealt with in a fair manner.
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Ethics makes Corporate governance more meaningful by running the companies ethically in a manner that all stakeholders, suppliers customers, employees, the society and governments are dealt in a fair and ethical manner.
Explanation:
- Corporate Governance represents the moral framework with a a set of rules and ethics that direct and control corporate activities.
- The main purpose of this structure is to ensure transparency, and fairness in the dealings between the firms and its stakeholders.
- The ethical framework and the value involved under which an enterprise takes decisions has a positive impact on the company's performance.
To know more about Corporate Governance
Define concept of corporate governance and explain the consequences of poor corporate governance
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