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 governance responsibilities

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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.

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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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TT Club logistics risk manager, Josh Finch, recounts learnings from a recent seminar outlining best practise for managing and incident in a port environment,

The Cargo Integrity Group (CIG) is calling on national administrations to carry out and report the findings of their container inspection programmes.

Josh Finch, Logistics Risk Manager, and Alison Wixley, Senior Claims Executive, discuss practical Environmental, Social and Governance initiatives from a South African perspective.

This Risk Byte provides an introduction to contractual risk management for transport operators.

Due diligence

The importance of due diligence

The importance of implementing robust due diligence procedures, incorporating all aspects of your business, cannot be underestimated as key risk mitigation. If something appears too good to be true, then it probably is.