Part -2: Characteristics of Corporate Governance #corporategovernance #corporate #governance #bank

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2. Transparency

Transparency means open and clear disclosure of relevant information to shareholders and other stakeholders, as well as not concealing information when it may affect decisions. It means open discussions and a default position of information provision rather than concealment.
Circumstances where concealment may be justified include discussions about future strategy (knowledge of which would benefit competitors), confidential issues relating to individuals and discussions leading to an agreed position that is then made public.
3. Innovation
The concept of innovation in the approach to corporate governance recognizes the fact that the needs of businesses and stakeholders can change over time. It also has an impact on how organizations respond to meeting the 'comply or explain' requirement contained in various codes of corporate governance that are currently in effect.
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Category
Management
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