Freedom and control always create tension. At its heart, governance is managing the tension between achieving the objectives of a corporation and the fulfilment of personal objectives. This governance can be extended to corporate governance, which is a process of reconciling the ambitions and behaviour of individuals in a corporation with the achievement of the objectives of the corporation, such as maximizing the interests of shareholders.
The success of this process is measured by the transparency in information disclosures, openness in operations and accountability of management.
Why corporate governance matters
Worldwide, corporate governance is increasingly recognized as a key to establishing a healthy corporation able to cope with rapidly changing markets, technology and expansion of...