How Does Corporate Governance Impact Stakeholders?
Corporate governance significantly impacts various stakeholders in the following ways:
Shareholders: Good governance practices ensure that the company is managed in the best interest of its shareholders, providing them with accurate information and a fair return on their investment. Employees: Effective governance creates a transparent and fair working environment, enhancing employee satisfaction and productivity. Customers: Companies with good governance are more likely to act ethically, ensuring product quality and customer satisfaction. Community: Corporations adhering to good governance contribute positively to society, engaging in corporate social responsibility initiatives and sustainable practices.