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Corporate governance is the management of policies, rules and procedures that govern a company. It also takes into account the interests of employees, customers, and shareholders as well as government, lenders and community. These elements are crucial for a strong and thriving business.
The people aspect of good governance assures that those who are involved in a company’s operations are ethical, knowledgeable and dedicated to the company’s goals. This is crucial in a time when citizens are fed up with corruption and are demanding greater transparency, equity and accountability.
Transparent reporting systems are an essential element of a good corporate governance. This means that boards receive thorough financial reports every month which provide a clear view of how the company’s performance has been and the reasons. It is also recommended for boards to have a system of checks and balances to prevent fraud and mismanagement.
Guidelines and policies are also an an important part of good corporate governance. They should reflect the company’s culture, align with legislation/regulations and internal policies, and be clearly available to all stakeholders.
One of the most important aspects of good corporate governance is having an independent director who is referred to as a presiding director, to supervise and guide the board. This is especially crucial if the structure of a board’s leadership one company is based on dual roles such as chair and CEO or if there are personal ties between top management. A company must also make sure that its compensation policies don’t result in conflicts of interest among directors.
लेखक परिचय
प्रस्तुत कथा 'सुकुलगुण्डाको कहानी' हामीले गोरखापत्रको १९६९ साल माघ ८ गते सोमबारको अंकबाट साभार गरेका हौं । करिब एकसय आठ वर्ष पुरानो कथामा लेखक परिचय खुल्न नसकेको कारण यसलाई हामीले लेखक परिचयमा अज्ञात लेखक भनेर उल्लेख गरेका छौं ।