What good governance means for your business
The Governance component of ESG pertains to the governance factors of decision-making, from policymaking to the distribution of rights and responsibilities among different participants in corporations, including the board of directors, managers, shareholders and stakeholders. Governance factors indicate the rules and procedures for countries and corporations.
The understanding of Governance is still evolving alongside the rise of ESG, but it generally predates environmental and social risks as a corporate priority. The nature of Governance means it plays a key role in different ESG frameworks and disclosures, and determines whether ESG indicators and metrics are ethically pursued and reported.
Governance factors can range from board compositions, understanding and complying with the different ESG frameworks, ethics and compliance, transparency, anti-corruption and integrity and stakeholder engagement.
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Your responsibilities in preventing Modern Slavery
Modern slavery remains a significant challenge globally. Addressing this issue requires a multi-pronged approach involving governments, businesses, civil society, and individuals working together to prevent exploitation, protect victims, and hold perpetrators accountable.
Your obligation to keep on top of regulation
Maintaining solid governance is crucial for a company as it ensures ethical decision-making, transparency, accountability, and the protection of shareholder interests, ultimately fostering trust and long-term sustainability.
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