GOVERNANCE: A STRATEGIC TOOL Develop resilience through practices, policies, and organizational accountability

Any task that focuses on the "big picture" is part of governance, including, tasks such as 1) fling annual government documents, 2) voting rights, 3) ensuring fnances are stable (audits), approval of corporate actions, 4) record retentions, 5) creating long-term strategies, 6) holding boar...

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Bibliographic Details
Published in:Minority business entrepreneur 2023-01, Vol.40 (1), p.18-19
Main Author: Barker, Terrance Ashanta
Format: Magazinearticle
Language:English
Subjects:
Boards of directors
Compliance
Online Access:Get full text
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Summary:Any task that focuses on the "big picture" is part of governance, including, tasks such as 1) fling annual government documents, 2) voting rights, 3) ensuring fnances are stable (audits), approval of corporate actions, 4) record retentions, 5) creating long-term strategies, 6) holding board meetings, 7) risk management activities, 8) keeping an eye on your wider industry (market review), and 9) and any other procedural undertakings concerning the management of the business. Governance deals with the integrity and objectivity of a company's board of directors (management) in their dealings with the stakeholders. Enhance Your Access to Investment Capital Governance also helps a business owner secure investment capital by creating formal reporting procedures that clearly lay out critical f nancial and market information that investors need to know.
ISSN:1048-0919