Strong corporate governance practices are at the heart and soul of running a business. They are designed to establish an organization’s principles, foster transparency among shareholders and in the marketplace, and strengthen brand reputation. Following are several steps to help with developing and maintaining good corporate governance practices. 1. Establish the Governance Framework. The governance framework establishes how the company will operate, helps you set up an effective board of directors, and ensures transparency regarding roles, responsibility, and accountability. 2. Keep Governance Documentation Updated. Keep up to date all documentation that…
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