Corporate governance is a legal and regulatory compliance issue. In the 21st century landscape, a purely legal and regulatory framework is counterproductive. Respecting the law of the country is important. However, it is not sufficient for the sustained success of the business. Being legal and complying with regulation is not the same as being ethical or even socially responsible.
Evidence suggests that organizations that follow the Triple Bottom Line concept (TBL) – of profit, people, and the planet – outperform their peers. Profit with purpose and shared value are alternative constructs used to define the scope of corporate governance today.
Customers expect quality products and exemplary services. Society expects organizations to be good corporate citizens, espouse community interests, and improve everyone’s quality of life. Activists expect organizations to follow practices that do not harm the environment.
This module is designed for students and managers and junior executives seeking to transition to an organizational leader.
Module Length: 5-6 Learner HoursRequest Info Take a Tour