Establishing robust corporate governance frameworks vital
The Peninsula
Doha, Qatar: Corporate governance refers to the framework of rules, practices, and structures through which a company is guided and overseen. Its purp...
Doha, Qatar: Corporate governance refers to the framework of rules, practices, and structures through which a company is guided and overseen. Its purpose is to ensure that businesses have effective decision-making processes and controls in place to balance the interests of all stakeholders. Strong leadership plays a vital role in achieving sound corporate governance by safeguarding the rights of stakeholders, including shareholders, employees, clients, suppliers, communities, regulatory bodies, and the environment.
According to marketing expert, Mohomed Faham Saharudeen (pictured), many companies globally face significant challenges in establishing robust corporate governance frameworks internally. Successful companies attribute their sustainable development to the proper implementation of
good corporate governance practices.
Conversely, mismanagement of stakeholders is a leading cause of failure for many businesses. Focusing solely on investor interests often leads to issues, emphasising the need to prioritise
the well-being of all stakeholders.
