Corporate governance has to do with the nature and extent of
accountability of people in the business. A
related but separate thread of discussions focuses on the
impact of a corporate governance system on economic
efficiency. A corporate governance system involves
regulatory and market mechanisms, and the roles and relationships
between a company's management, its board, its shareholders and
other stakeholders : employees, debtholders, trade creditors,
suppliers, customers and the various communities affected by the
corporation's activities.
High profile collapses of a number of
large corporations and other corporate failures,
in the two past decades especially, have created a renewed interest
in modern corporate governance policies.
Much of this interest is concerned with mitigation and
prevention of the conflicts of interests between stakeholders, and
ensuring the best conditions for a profitable development of the
corporation over the long term, considering in a balanced way the
interests of all stakeholders.
Ways of achieving these objectives include the processes,
customs, policies, laws, and institutions which have an impact on
the way a company is controlled.
Important specific issues addressed by corporate governance
include : rights and equitable treatment of shareholders,
interests of other stakeholders, role and responsibilities of the
board, relations between boards and executive management of
corporations, integrity and ethical behaviour, disclosure and
transparency.
These issues, even if environments differ, concern in an equally
important way large as well as small corporations, quoted or non
quoted.
The above defines the broad scope of issues that the
Solvay Schools Alumni Governance club may address in the
conferences it organizes.
Join our Governance club
By joining the Governance Club, you will have the opportunity to learn new ideas, to meet with other professionals in a nice and inspiring environment.
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Meet with the club’s organizers. Contact them to suggest topics you would like to see covered or to share ideas.
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