Several key principles underpin strong governance:
Accountability: Leaders must be accountable to the company's stakeholders and ensure that their actions align with the company's goals and values. Transparency: Open communication and disclosure of information are crucial to build trust and allow stakeholders to make informed decisions. Fairness: Ensuring that all stakeholders are treated equitably and that their rights are respected. Responsibility: Leaders must act responsibly towards the company's long-term interests and the broader societal impact of their decisions. Independence: Ensuring that decisions are made objectively and free from undue influence.