5.6 Corporate-Governance
Corporate Governance
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- CSR - org serve interest of society, behave ethically to improve local community and society
- CG - set of system to ensure that coy is governed in best interest of all stakeholders, fairness, transparency and accountability
- CG Challenges in Public enterprise -
- Unclear ownership objective, PSE have wide range of goals, objectives
- Weak owners - weak institutions, mgt goals,
- Low transparency and disclosure - undermines performance, limits Accountability,
- Unprofessional Board of Directors
- 2nd ARC Recom
- Community benefit project taken up by corporate entity, Govt should act as facilitator