What are the Key Principles of Corporate Governance?
Several key principles underpin effective corporate governance:
1. Transparency: Full disclosure of financial performance and other information. 2. Accountability: Clearly defined roles and responsibilities of the Board and management. 3. Fairness: Equitable treatment of all stakeholders, particularly minority shareholders. 4. Responsibility: Ethical conduct and compliance with laws and regulations. 5. Independence: Independent oversight by the Board to avoid conflicts of interest.