Corporate governance on business environment and social life.

[olubenson]

Corporate governance on environmental and social life is an important aspect of establishment’s commitment to a sustainable practice as a business organization. It essentially balances the interests of all the business stakeholders. Well, I’ll admit that it is not enough for a company to be profitable but also strive to demonstrate a global standard practice of corporate governance.

It is typical for the board of the organization, to be charged with overseeing corporate governance practices departmental wise. Though, one of the tenets of corporate governance is ensuring that there are clear lines of responsibility, authority and accountability and making sure appropriate responsibilities and measures are in place.

Don’t you think the appointment of both Environmental risk managers and sustainability officers will continue to guide , implement and promote the sustainable principles of an Organization ?

 

[Godslamp]

Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders’ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place.
The responsibilities of the board include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship.