Corporate governance is something altogether different from the daily operational management activities enacted by a company’s executives. It is a system of direction and control that dictates how the board of directors govern and oversee a company.
Corporate governance is all about what the board of a company does and how it sets the values of the company, and it is to be distinguished from the day to day operational management of the company by full-time executives.
The way in which corporates respond to challenges has never been under closer scrutiny. In a view to that, awards have been given to those whose have positively re-evaluated their strategies in dealing with the crisis.
In recent times, the COVID-19 pandemic and the time bomb of racism that finally exploded have shaken the mantle of corporate governance like never before. While companies tend to sit on the fence in moments of public upheaval, in the current crises remaining neutral could have been perceived as a sign of excessive pride and failure in governance.
Faced with a changing world, and rigid regulators, companies are increasingly acknowledging that what is good for the goose is good for the gander. In essence, by being at the forefront of advancing the betterment of society and helping tackle adversities that threaten humanity, companies are bound to accrue handsome returns. This is well epitomized by the companies awarded in the World Finance Corporate Governance Awards 2021.
Unveil the recipients of this Noble Award below….