Company governance is a tool for increasing competitiveness and establishing the perspective and processes to be followed to ensure long-term sustainability.
Hence the importance of promoting the knowledge of best practices in the governance so we can establish in our company what will ensure its continuity over time.
The golden rules for any company are ethics, alignment of objectives, strategic management, appropriate organization and transparency; however, to perfect good governance we need to know how to guarantee independence and security in the governing bodies.
Some aspects must also be considered to shape that good governance:
- Talent, experience and diversity on the board of directors that would drive efficiency and effectiveness in the processes, as well as a periodic review of the company’s risk management.
- Leaving the drafting of informative statements to experts. Information is related to the principle of transparency; therefore, such information must be accessible and concise.
- Digitalization offers us the opportunity to reinvent business models and the way we communicate on the board of directors. Adapting board software will promote good understanding and a high level of information security. Often, board members have different technological backgrounds, so we will need to find the right balance of technology and training to optimize the use of the software.
The operation of a company involves a continuous relationship between the board of directors and the rest of the constituent parts of the company: for this reason, it is important to try to achieve best practices in governance.
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