Description
Strong corporate governance formalities are important as these are considered fundamental by supervision authorities for effective oversight. Corporate governance generally refers to the principles, rules, processes, and procedures used to improve and manage the business and governance structures of an institution, to set its objectives in the context of the economic, regulatory, market and social environment, and the mechanisms to monitor progress against these objectives.
Organizations that establish a sound corporate governance framework and observe corporate governance formalities are better able to protect their assets and are generally more attractive to potential business partners. A sound corporate governance framework also leads to better decision making and effective risk management, minimizing risks to stakeholders.
Noctua can facilitate your organization with a robust corporate governance framework, consisting of core principles and various guidelines, providing sound and prudent management, oversight of your organization, and recognizing and protecting the interests of all stakeholders. Such a framework is founded on ethical behavior and an ethical culture, enhancing value for all stakeholders.
