Corporate Governance as Differentiators
2 Pages Posted: 26 Feb 2012
Date Written: December 28, 2011
In highly competitive business world along with product, financing or marketing innovation, good corporate governance may be practiced as a differentiators. The current business scenario seems to be very complex in terms of its operation and governance. Due to advanced technology and legal requirements, operations are comparatively transparent. Competitors and public at large can do what you have done in product (unless it is patented), financing or marketing innovation. Good corporate governance practice can be imbibed as tool to maximize wealth of stakeholders. Though theoretically it could also be copied by your competitors, practically it is difficult to change mind set and implement similar practice in the organization. Corporate governance has been seen as ethics, law, system, approach, strategy, set of principles and a concept. But in sum, it is more than that. Corporate Governance can be a differentiator, if you extend the meaning of governance to act professionally, ethically and legally but possible best business practices.
Keywords: Corporate Governance, Conflict of interest
JEL Classification: G3
Suggested Citation: Suggested Citation