Corporate governance and accountability are intertwined in organizations, with governance being a framework that safeguards stakeholders’ interests, and accountability being the obligation to uphold operations and business activities. They promote fairness, ethical behavior, and transparency, and are crucial for publicly traded companies to secure future funding. The general public also looks at a company’s governance […]
Good nonprofit governance is crucial for effective operation. Adherence to the organization’s charter, updating bylaws, utilizing professional services, and maintaining a respectable image are key. Effective communication and decision-making are also important. There is a non-profit organization for the good of other people. While these organizations are usually established with good intentions, some are ineffective […]
Corporate governance encompasses the practices and customs of running a corporation, including adherence to laws and regulations, financial goals, and communication with stakeholders. Choosing the best course depends on the aspect of governance one is interested in studying, the ability to earn a degree, the instructor, and cost. Courses may focus on a particular subject […]
SOA is a software programming model that requires strong governance to define standards and controls for service usage. This includes inventorying services, creating a service catalog, managing demand and performance through SLAs, and promoting collaboration. The governance model should include processes and roles for managing system changes and regular meetings to ensure service growth. Service […]
Data governance is the formal process of managing customer, product, and sales data within databases or spreadsheets. A data governance council manages access to a company’s data, ensuring it is only available to those who need it. Large companies struggle to build a data governance system, but a board of directors can be established by […]
A good corporate governance framework balances the interests of shareholders, employees, customers, and society. An independent board of directors oversees the implementation of policies governing business practices, including management, human resources, sales, manufacturing, customer service, corporate communications, and investor relations. The board’s independence from management is vital to serve shareholders’ interests, and it should hold […]
Corporate governance can be centralized or decentralized. A centralized structure gives decision-making authority to senior positions, while a decentralized structure gives employees and frontline managers the authority to make strategic decisions. The board of directors represents the highest level of power in an organization. Centralized organizations allow the least amount of creativity and flexibility for […]
Choosing a corporate governance guide depends on the company’s goals, sector, and region. Companies should consider specialized guidance for certain industries and ensure internal procedures are rigorous. Quality and scope should also be considered when selecting a guide. Choosing a good corporate governance guide depends on the goals of the company. Corporate governance may need […]
Business ethics and corporate governance are important factors in a company’s functioning. Business ethics represent the values a company follows, while corporate governance is the internal framework that governs and protects those invested in the company. Three normative ethical theories include shareholder, stakeholder, and social contract theories. A company’s mission statement may focus more on […]
The Lord of Misrule presided over raucous holiday celebrations in England until the 16th century, with similar officials in Scotland and France. The tradition’s roots lie in the Roman festival of Saturnalia, with a reversal of traditional roles, and sacrificial kings presiding over debauchery in other cultures. As societies converted from paganism to Christianity, the […]
Corporate governance involves creating a formal model to guide an organization, and business ethics play a role in how ethics are applied during management. This includes employee selection, compensation, and relationships with external entities, as well as responsible corporate behavior such as environmental responsibility. Corporate governance is a term used to describe the structure of […]
Corporate governance mechanisms include policies, controls, and guidelines for managing organizations, reducing inefficiencies, and motivating employees. These mechanisms include a board of directors, internal controls, balancing power, and compensation. Large organizations use a board of directors to ensure financial returns for shareholders, while internal controls protect a company’s information. Balancing power divides responsibilities and compensation […]
Executive compensation is linked to corporate governance as it can be used to motivate executives to perform better. Compensation can include personal stakes in the business, and decisions must be made ethically and with accountability by stakeholders. The relationship between executive compensation and corporate governance can be seen in the way that executive compensation can […]
Non-profit organizations need good governance to function effectively. This includes adhering to bylaws, using professional services, and making decisions promptly in the best interests of the organization. Effective communication and respectable representation are also important. A non-profit organization exists for the sake of others. While these organizations are usually established with good intentions, some are […]
