Business Knowledge

Corporate Governance Standards

Good Governance: A Quick Checklist

Is your company being run responsibly? Check for these key pillars of good governance.

  • ACCOUNTABILITY

    • Does the CEO answer to the Board of Directors?
    • Does the Board answer to the shareholders?

  • TRANSPARENCY

    • Are financial results reported honestly and on time?
    • Is the company open about its strategy and risks?

  • INDEPENDENCE

    • Does your Board have strong, independent directors who can challenge the CEO?
    • Is your audit committee truly independent?

  • FAIRNESS

    • Are all shareholders, big and small, treated equally?
    • Are the rights of employees, customers, and the community respected?

Why does this matter? Good governance isn’t just bureaucracy. It builds trust, prevents scandals (like Enron), and is proven to lead to better long-term financial performance. It’s the foundation of a sustainable business.