In every country where global groups conduct business the laws provide, to one degree or another, for criminal penalties designed to ensure compliance with statutory or regulatory provisions.
Corporate governance provides the processes, practices and policies that a company relies on to make formal decisions, to manage the company and reduce agency costs. Corporate Governance is a must.
A firm’s long-term performance and ultimately its survival is likely to depend on its ability to adapt quickly at reasonable cost and risks to unexpected changes of its environment. Corporate Agility is a must.