Corporate Governance means the discipline of organizational leadership and

regulatory discipline while maintaining stakeholders’ needs and goals. In this video, the
narrator focuses more on the word ‘good’. Corporate governance alone is not as
effective unless the business instilled the elements that are needed to be considered as
‘good’. The video also discussed about the different internalization of core
values,diversity of board member characteristics, maintenance of financial reporting and
risk management integrity, and ongoing communication among all stakeholders.
Corporate governance is to be able to serve as a basis for organization for an open and
unconditional organization aimed to earn revenus. There is usual misconception that
following social and ethical rules and regulation can affect in generating profit in the
business.

While it is not mistaken that having a clean record can attract people to the
company, it must also be understood that having good corporate governance can help
not only the business, but also ensures that it held the best interests of everyone. There
are numerous benefits of good corporate governance, First. It increases success rates
for financial perforamance anda t he same time it also helps increase sustainabilty of
the company. Second, is that good corporate governance helps create a greater ability
to atttract new talent as maintaining transparency surrounding fairness can help give
employees a greater sense of responsibility and awareness to how and where they
position in the organization. Lastly, it also creates an effective framework aimed at the
business objective. Providing each stakeholder a valid amount of involvement can help
create a more accountable culture at the same time generating a higher chance of
achieving the goal of an organization (The Benefits of Good Corporate Governance,
2019).

With all that said, I could see how good corporate governance plays a huge part
in the organization at the same time involves on being ethical. Applying good corporate
governance can help boost government reputation and increase productivty as every
stakeholder’s opinion is accounted thus giving a hhigher chance of achieveing the
goals. Another thing that I would like to add that in my opinion good corporate
governance should be a strategic priority as I see how this can impact the organization
in a good way.

References:

The benefits of good corporate governance. Governance, Risk & Compliance

Management - CURA Software Solutions. (2021, July 29). Retrieved December 5,
2021, from https://www.curasoftware.com/the-benefits-of-good-corporate-
governance-2/. 

Al Carney Eleazar L. Chua

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Al Carney Eleazar L. Chua
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