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Corporate Governance and Corporate Social Responsibility - Coggle Diagram
Corporate Governance and Corporate Social Responsibility
Corporate governance is a system of rules, policies, and practices that dictate how a company's board of directors manages and oversees the operations of a company.
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable.
Benefits of CSR
Increased in customer retention
Differentiating yourself from the competitors
Enhanced Relationship with stakeholders
Media interest and good reputation
Benifits of Corporate Governance
Reducing the cost of capital
Creates opportunities for investment
Builds morale, reputation, and a legacy
Creates a greater ability to attract and retain talent
Corporate governance is the collection of mechanisms, processes and relations used by various parties to control and to operate corporations
It is a system of direction and control that dictates how a board of directors governs and oversees a company.
Corporate social responsibility is important to both consumers and companies.
Corporate responsibility programs are a great way to raise morale in the workplace.
Access to funding opportunities
Inhancing your influencing in the industry
Attracting, Retaining and maintaining a workforce
Saving money of energy and operating cost
Creates more opportunities to gain a competitive advantage
Creates an effective framework aimed at meeting business objectives:
Increases success rate for financial performance and enhances sustainability:
Provides a practical way to guide decision-making at all levels