Last updated on 2024年9月16日

How can you integrate corporate governance into executive decision-making?

由人工智能和领英社区提供技术支持

Corporate governance is the set of rules, policies, and practices that guide and control how a company operates, interacts with its stakeholders, and fulfills its responsibilities. As an executive, you have a key role in ensuring that your company follows good corporate governance principles and standards, which can enhance its reputation, performance, and sustainability. But how can you integrate corporate governance into your executive decision-making process? Here are some tips to help you.

此文章中的业界达人

由社区从 5 条内容中精选。了解更多

Beth Ford
DAVID FANJEAU

Human Resources Director @ Lenovo | MBA, France & International, C&B, Diversity, Inclusion,Employees & Labor Relations…
Arash Shahryari Nia

BDM (Business Development Manager) || PhD of Operations Management

1 Align your decisions with your mission and values

One of the first steps to integrate corporate governance into your executive decision-making is to align your decisions with your company's mission, vision, and values. These are the core elements that define your company's purpose, direction, and culture, and they should guide your strategic and operational choices. By aligning your decisions with your mission and values, you can demonstrate your commitment to your company's goals, principles, and stakeholders, and avoid actions that may harm or contradict them.

添加您的观点

Beth Ford
(已编辑)
举报内容
The entire organisation must be integrated into the corporate governance structure and executive decision-making is no exception. Good governance ensures that the decision makers across all levels in the business have the relevant information and powers needed to allow an informed decision to be made. Given that most strategic decisions are made at executive level, which then informs the operations of the business, it is integral that executive decision making is woven into the governance structure. The corporate governance structure should include all of the business and must be communicated clearly to ensure that employees at all levels understand governance is a facilitator for efficient decision making, not a barrier.

已翻译

赞
Arash Shahryari Nia

BDM (Business Development Manager) || PhD of Operations Management
举报内容
To begin with, it is important to grasp the significance and objectives of corporate governance as a system designed to protect shareholders' rights and maintain organizational efficiency and effectiveness. Given that executive responsibilities are governed by regulations, protocols, and sources of authority within an entity, it is feasible to harmonize decision-making with governance principles to mutually reinforce each other. When decision-making procedures are clearly outlined and structured to advance business goals, they become conducive and pertinent to the overall framework.

已翻译

赞
Marcos Monterroso Godinho

CEO at Tikedo Spain | Global Executive | Managing Director | Board Member | International Expansion | Change & Transformation | Leadership | Industry | Retail | FMCG | Packaging
举报内容
Para integrar el gobierno corporativo en la toma de decisiones ejecutivas, es fundamental establecer un marco claro de gobernanza que defina roles, responsabilidades y procesos de toma de decisiones. Esto implica incorporar representación de accionistas y directores independientes en los órganos de gobierno, así como implementar mecanismos de supervisión y rendición de cuentas. Además, es importante fomentar una cultura organizacional que valore la transparencia, la ética y el cumplimiento de las normativas legales y regulatorias, asegurando que las decisiones ejecutivas se alineen con los intereses a largo plazo de todas las partes interesadas, incluidos accionistas, empleados, clientes y la comunidad en general.

已翻译

赞

2 Consider the impact of your decisions on all stakeholders

Another important step to integrate corporate governance into your executive decision-making is to consider the impact of your decisions on all your stakeholders, not just your shareholders. Stakeholders are any individuals or groups that have an interest or influence in your company, such as customers, employees, suppliers, regulators, communities, and society at large. By considering the impact of your decisions on all stakeholders, you can balance their needs and expectations, foster trust and collaboration, and create value for all parties involved.

添加您的观点

Shiv Gupta

Chief Financial Officer I Strategic Business Partner I IPO Readiness I Go to Market Strategy I International Finance Operations I CA, CPA (USA) & IIM Ahmedabad Alumnus | CXO Incubator 2024
举报内容
Stakeholder management contributes to corporate governance by helping manage the conflicting stakes of different stakeholders. If you are able to manage all your internal and external stakeholders, it would help building the environment of good corporate governance. One of the example of aligning stakeholder management and corporate governance could be managing regulatory compliances. If you are ensuring that you are compliant to regulatory requirements thus managing the expectations of stakeholders like regulatory authorities, it will result in better corporate governance.

已翻译

赞

3 Follow the relevant laws, regulations, and standards

A third step to integrate corporate governance into your executive decision-making is to follow the relevant laws, regulations, and standards that apply to your company and industry. These are the legal and ethical frameworks that govern your company's operations, activities, and behaviors, and they should be respected and complied with at all times. By following the relevant laws, regulations, and standards, you can avoid legal risks and penalties, protect your company's rights and interests, and enhance your company's credibility and accountability.

添加您的观点

DAVID FANJEAU

Human Resources Director @ Lenovo | MBA, France & International, C&B, Diversity, Inclusion,Employees & Labor Relations ??
举报内容
Corporate rules are an integral part of the fundamental basis for a good leader’s decisions. This ensures that the decision will be executed and perceived as fair and legitimate. A good leader cannot extricate themselves from the governance rules that they are charged with implementing and ensuring the compliance.

已翻译

赞

4 Seek advice and feedback from others

A fourth step to integrate corporate governance into your executive decision-making is to seek advice and feedback from others, such as your board of directors, senior management, external experts, and independent auditors. These are the sources of information, guidance, and oversight that can help you make informed and sound decisions, based on facts, evidence, and best practices. By seeking advice and feedback from others, you can improve your decision-making quality, transparency, and effectiveness, and address any issues or gaps that may arise.

添加您的观点

5 Monitor and review your decisions and outcomes

A fifth step to integrate corporate governance into your executive decision-making is to monitor and review your decisions and outcomes, using appropriate indicators, metrics, and reports. These are the tools that can help you measure and evaluate your decision-making performance, impact, and results, and identify any areas for improvement or correction. By monitoring and reviewing your decisions and outcomes, you can ensure that your decisions are aligned with your corporate governance objectives, standards, and expectations, and that they deliver the desired outcomes for your company and stakeholders.

添加您的观点

6 Learn and improve from your experience

A sixth and final step to integrate corporate governance into your executive decision-making is to learn and improve from your experience, using feedback, lessons, and best practices. These are the resources that can help you reflect on your decision-making process, outcomes, and challenges, and learn from your successes and failures. By learning and improving from your experience, you can enhance your decision-making skills, knowledge, and confidence, and continuously improve your corporate governance practices and performance.

添加您的观点

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

Executive Management

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

How can you integrate corporate governance into executive decision-making?

1

2

3

4

5

6

7

1 Align your decisions with your mission and values

2 Consider the impact of your decisions on all stakeholders

3 Follow the relevant laws, regulations, and standards

4 Seek advice and feedback from others

5 Monitor and review your decisions and outcomes

6 Learn and improve from your experience

7 Here’s what else to consider

Executive Management

给文章评分

感谢您的反馈

更多Executive Management相关文章

更多相关阅读内容

How can you integrate corporate governance into executive decision-making?

1

2

3

4

5

6

7

1 Align your decisions with your mission and values

2 Consider the impact of your decisions on all stakeholders

3 Follow the relevant laws, regulations, and standards

4 Seek advice and feedback from others

5 Monitor and review your decisions and outcomes

6 Learn and improve from your experience

7 Here’s what else to consider

Executive Management

给文章评分

感谢您的反馈

查看其他技能