How Can Business Leaders Implement Good Corporate Governance?
Business leaders can implement good corporate governance through several strategies:
1. Establish a Strong Board: Ensure the Board of Directors is composed of individuals with diverse skills and backgrounds. 2. Create Clear Policies: Develop and enforce policies on ethics, compliance, and risk management. 3. Regular Audits: Conduct regular internal and external audits to maintain financial integrity. 4. Stakeholder Engagement: Actively engage with stakeholders to understand and address their concerns. 5. Training and Development: Provide continuous training for the Board and management on governance issues.