Question

What are the 4 p' s of corporate governance

Answer 1

Answer:

Corporate governance has integrated frame work of 4Ps or it is of people, purpose, processes and performance.

Answer 2

The governance or administrative functioning of any corporate business organisation follows a comprehensive mechanism of 4 Ps which include people,purpose,process and performance.

Explanation:

4Ps of Corporate Governance:-

1. People:The people under corporate structure or functioning basically includes various important business entities such as shareholder/investor,consumers,employees or staff,supply chain agents such as suppliers,distributors,wholesalers etc.,government and so forth.These are the main economic entities related with almost every aspect of corporate operation or functioning.
2. Purpose:The purpose in this context,pertains to the main mission and vision of any corporate enterprise.It clearly defines what the organisation is aimed at achieving and what are the means to accomplish its desired objectives.
3. Process:The process under corporate governance construes the operational and managerial aspects of any corporate organisation such as effective supervision and management of various departments within the organisation such as Human Resource,Finance,Information Technology,Marketing,Sales,Supply Chain and so on.Efficient functioning of all the respective organisation department is key to the long term success and prosperity of any corporate company.
4. Performance:Performance evaluation is a major criteria to ensure organisational success.Proper monitoring and analysis of the performance of various employees within the organisation is extremely crucial to ensure business efficiency and figure out potential areas of improvement for its betterment in the future.