Organizational Governance
Corporate governance, as the term denotes, refers to the way in which a company chooses to govern itself, and is accompanied by a firm set of rules that provide direction and control toward achieving its objectives. Good governance means that your business’s processes are aimed at producing results that meet the needs of society and organizational prosperity while making strategic use of its available resources. RFG consultants help ensure your company’s set objectives are able to be met based upon the business processes in place.
Good corporate governance has become a key focus area for businesses to position themselves favorably in order to withstand a difficult economic climate. The following are benefits of a strong Corporate Governance:
Good corporate governance ensures corporate success and economic growth.
Strong corporate governance maintains investors’ confidence, as a result of which, the company can raise capital efficiently and effectively.
It lowers the capital cost.
There is a positive impact on the share price.
It provides proper inducement to the owners as well as managers to achieve objectives that are in the interest of shareholders and the organization.
Good corporate governance also minimizes wastages, corruption, risks and mismanagement.
It helps in brand formation and development.
It ensures an organization in managed in a manner that fits the best interests of all.