9 Principles Of Corporate Governance -

The board of directors is responsible for overseeing the management of the company and making strategic decisions. To ensure that the board is effective, it is essential that it is composed of independent directors who can provide objective oversight. This means that the board should have a majority of non-executive directors who are not employed by the company and have no material relationship with the company.

Companies must comply with laws and regulations that govern their operations. This includes laws related to financial reporting, employment, environment, and other areas. Companies must establish a compliance program that includes policies, procedures, and training to ensure compliance. 9 principles of corporate governance

Clear roles and responsibilities are essential for effective governance. The board of directors, management, and other stakeholders must understand their roles and responsibilities to avoid confusion and overlapping work. This includes defining the role of the chairman, CEO, and other senior executives. The board of directors is responsible for overseeing