Topic > Eight Principles of Corporate Governance - 1004

Corporate governance will ensure that rights and responsibilities are distributed fairly and clearly among the board of directors, managers, shareholders and stakeholders (Book). Furthermore, the adequacy of management and greedy managers who crave power will lead the company to failure. Therefore, every company must ensure that the manager's goals are aligned with the company objectives. Need to reward high-performance managers by implementing intensive short- or long-term plans. Additionally, businesses must keep up and adapt to changes in new technologies. As technology is used as a competitive advantage to enable companies to reduce costs, innovate and improve customer relationships