Governance is ultimately about the ‘Communities Health’ in which the business operates? true or false? explain

Authors

 

 

Curation

 

Research shows that responsible management of environmental, social and governance issues creates a business ethos and environment that builds both a company’s integrity within society, and the trust of its share-owners and stakeholders.

Corporate Citizenship:

  1. It is a COMMITMENT to ethical behavior in business strategy, operations and culture
  2. It is linked mainly to CORPORATE REPUTATION
  3. Environmental, social, and governance responsibilities of a company are INTEGRAL to its performance and LONG-TERM sustainability
  4. Help determine PROFITS.

Health Citizenship:

  1. It is a COMMITMENT to ethical behavior in health strategy, operations and culture
  2. It is linked mainly to INDUSTRY and SUPPLY-CHAIN reputation
  3. Environmental, Social and Governance responsibilities of an industry are INTEGRAL to its performance and LONG-TERM sustainability
  4. Help determine NOT ONLY PROFITS but the PUBLIC HEALTH which in turn the Wold Future Health & Economy.

 

 

English: Corporate Governance

English: Corporate Governance (Photo credit: Wikipedia)

 

Quotations from the repute:

Good corporate governance practices instill in companies the essential vision, processes, and structures to make decisions that ensure longer-term sustainability. More than ever, we need companies that can be profitable as well as achieving environmental, social, and economic value for society.” Rachel Kyte | Vice President, Business Advisory Services, IFC.

A well-governed company takes a longer-term view that integrates environmental and social responsibilities in analyzing risks, discovering opportunities and allocating capital in the best interests of shareowners. There can be no better way to restore public confidence in both businesses and markets and build a prosperous future.” Georg Kell | Executive Director, UN Global Compact.

Good corporate governance is the glue that holds together responsible business practices, which ensures positive workplace management, marketplace responsibility, environmental stewardship, community engagement, and sustained financial performance. This is even more true now as we work worldwide to restore confidence and promote economic growth.” Thierry Buchs, Head, Private Sector Development Division Of Switzerland’s State Secretariat For Economic Affairs (SECO).

“Developing countries continue to struggle to overcome mortality causes that are linked to poorer socio-economic conditions, while post-industrial countries face emerging health threats stemming from rapid environmental and lifestyle changes(UNESCAP, 2005).

The UN Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values: take for example in the area of the environment…

  • Businesses should support a precautionary approach to environmental challenges
  • Undertake initiatives to promote greater environmental responsibility
  • Encourage the development and diffusion of environmentally friendly technologies.

 

For more info on C-Governance visit:

OECD

UN-globalcompact

GlobalCorporateGovernaceForum

 

 

 

 

 

 

 

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