Currently there are two global challenges, namely digitalization and sustainability.
Because of that, it needs: Building capacity, Ethics leadership, Distinguish between governance and management, Inspiring and empowering people, and navigating changes with integrity and vision.
If not, it will happen such as bribery in the companies and sexual scandals in Oxfam.
Corporate governance becomes very importance. It consists of: Build trust and accountability, Support long term success, Manage risks, Improve decision making, Boost investor confidence, Promote compliance and ethics, Align with stakeholders, Support sustainability, and Real independence.
Sound governance is indicated by: Effective corporate governance, accountable, shareholders, disclosure and transparency, board responsibilities, sustainability and resilience.
The obstacles and barriers in implementing Corporate Governance (CG) can be categorized into internal factors (from within the company) and external factors (from the surrounding environment), for instance: lack of understanding of governance, cultural barrier, liability/ risk concerns, and operational overload.
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