Corporate governance Essay Example | Topics and Well Written Essays - 500 words

Corporate regime - Essay Examplebility and performance of the product and services are sustained and change so that sign of the zodiacs are non only able to retain existing customers but also attract new consumers. therefrom risk management through effective governance, innovation, knowledge management and value addition become hypercritical elements for protecting and sustaining the value of the products for consumers.All people directly or indirectly associated with the company are called stakeholders. Thus, customers, employees, shareholders, creditors, debtors, suppliers, regulators activeness groups etc. all become stakeholders in the company as they are, one way or another, affect by the business activities (Solomon, 2007. The identification of various stakeholders is important they are linkages that significantly impact the performance of the firm and promote development of society in general. In the contemporary environment of competitive business, the firms are not o nly motivated by financial benefits but play wider roles in the development of the society as a whole. Various stakeholders ensure that the business is having positive impact on the wider imperatives of social causes like environment, unwrap HR practices, effective CSR practices etc.The analysis of stakeholders also helps the firm to proactively support the community welfare and at the same time, meet the changing preferences of the customers, thereby significantly impacting it productive outcome and improving its image and believability amongst the stakeholders.The corporate governance gatekeepers are people who are in position to influence the decisions and activities of the management for improved and ethically delivered bearings and goals of the company. The main gatekeepers of the firm are independent and competent board independent and competent auditors objective and competent legal council and competent financial advisors. The responsibilities of different gatekeepers is t o ensure that board is given the right advice regarding