Why is Corporate Governance Important?
Corporate governance is important for the following reasons: It lays down the framework for creating long-term trust between companies and the external providers of capital It improves strategic thinking at the top by inducting independent directors who bring a wealth of experience, and a host of new ideas It rationalizes the management and monitoring of risk that a firm faces globally It limits the liability of top management and directors, by carefully articulating the decision making process It has long term reputati…
