A good corporate governance framework protects reputational capital, reduces organisational risk and creates trust. Corporate governance utilises a set of principles that determines what a board of directors does. The core principles of corporate governance are
Accountability – not only acting in the best interests of shareholders but also other affected stakeholders through activities such as corporate social responsibility (CSR) and environmental policies.
Transparency – the extent to which an organisation’s activities are observable by outsiders.
Probity – ‘the quality of having strong moral principles, honesty and decency,’ – core requirements of an effective and authentic leader.
Focus – on the long-term sustainability of the organisation.
Snowstar Consulting are thought leaders in corporate governance and can assist organisations understand and assess various corporate governance risks including bribery and corruption, human rights issues and community and stakeholder engagement. We can help our clients to develop and implement effective corporate governance strategies and frameworks and implement appropriate governance cultures, policies and procedures and incorporate these into broader risk management frameworks.