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Introduction to the Business Environment. (Sound governance principles and…
Introduction to the Business Environment.
Basic governance framework for a private company includes the following
Regular board meetings.
Regular meetings with staff
A risk management framework
Establishing various practices and procedures such as human resource-related activities and accounting and finace related activities.
Sound governance principles and practices
Board and committes.
Ethical organisational culture.
Risk management
Information technology governance.
Stakeholder relationships.
Executive director
Member of a board of a company with management responsibilties.
Non executive director
A member of a board without managment responsibilities towards the company.
Governance
All actions related to the governing / leading / controlling a state or a organistion.
Corporate governance
All actions related to governing / leading / controlling a business or a company.
Stakeholder
Any person / party affected / influenced by the relevent organisation's actions.