Good Governance Practice: Corporate governance best practice is not just a compliance issue - it provides guiding principles that add real and substantial value.
Good corporate governance practice ensures that the Board of Directors can consistently deliver consensus decision-making of the highest quality. To meet today’s high standards for good corporate governance, Boards must fully understand the ways in which best practice protocols and procedures can be applied to their organisation.
The application of governance best practice involves a defined working partnership between the Directors and Trustees, and between Members and Management.
Adherence to governance best practice provides individual Directors with the confidence that they are meeting their legal responsibilities and regulatory accountability. For an organisation, good corporate governance leads to tangible financial gains and increases trust and support from stakeholders, investors, staff and clients.