Corporate Responsibility

[soniya55531]

It should not be restricted to economic and financial performance, but should also include other factors (including intangible ones) that guide managerial action and lead to the preservation and optimization of the organization's value.


Equity
It is characterized by fair and equal treatment of all partners and other interested parties (stakeholders), considering their rights, duties, needs, interests and expectations.


Accountability
Governance agents must account for their actions in a clear, concise, understandable and timely manner, fully assuming the consequences of their acts and omissions and acting diligently and responsibly within the scope of their roles.


Governance agents must ensure the economic and financial georgia mobile database viability of organizations, reduce the negative externalities of their businesses and operations and increase the positive ones, considering, in their business model, the various capitals — financial, manufactured, intellectual, human, social, environmental, reputational, among others — in the short, medium and long term.

These principles enable organizations to structure more robust systems that respond to the company's needs and help achieve goals.


Furthermore, among the benefits offered by effectively applied corporate governance, it is possible to highlight conflict mitigation. This allows companies to be better prepared to deal with crisis management, as well as brand appreciation, which contributes to the promotion of a more positive image, based, above all, on ethics.


By acting in an absolutely transparent manner and providing accountability, companies generate more trust among all stakeholders , whether internal or external.


This enables organizations to attract more investment. Recognition of their performance and the existence of strong corporate governance policies allows companies to stand out and attract the attention of investors. Therefore, organizations can also increase their market value and establish themselves in more competitive environments.