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The Investor 35

Good corporate

governance protects

shareholders;

stakeholders,

management and

directors while

encouraging confidence

and trust.

orporate governance concerns the
system of rules and processes by
Cwhich a company management
operates in relation to the policies and
procedures that determine expectations
or grant authorities in order to protect the
company and shareholders’ interests and to
avoid conflicts of interest.

Corporate Governance Role,

Importance and Goals

The key goal of applying corporate
governance rules is to ensure that companies
are run in line with shareholders objectives,
in a manner that enhances investor
confidence in the management. Corporate
governance ensures efficiency of company
performance and its agility during times of
crises. Corporate governance rules are the
principles, systems, and procedures that
achieve the best protection and balance
between the interests of management
companies, and those of shareholders, and
other stakeholders.

October 2017 Issue 1