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Accountability, participation, predictability, and transparency are the four governance principles.
The Board must act in the best interest of stakeholders, shareholders, and the company as a whole, in accordance with the four principles of corporate governance accountability, transparency, fairness, and responsibility.
Governance is the process of interaction with social systems through the laws, norms, powers, or language of an organized society. This is done through state governments, markets, or networks.
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Boards must act according to the four core principles of corporate governance that are :-
1. Accountability : Corporate accountability refers to the duty and responsibility to explain or justify the actions and actions of a company.
2. Transparency : Transparency means being open, a company's willingness to provide clear information to shareholders and other stakeholders.
3. Fairness : Fairness means equal treatment. For example, all shareholders should be considered equally for participation.
4. Responsibility : The Board of Directors is empowered to act on behalf of the company. Therefore, you must take full responsibility for the powers delegated to him and the powers he exercises.
Governance is the process of law, norm, power, or linguistic interaction of an organized society across social systems (family, tribe, formal or informal organization, territorial, or cross-territorial). This is done through state governments, markets or networks. It is decision-making among actors involved in collective problems that leads to the creation, reinforcement, or reproduction of social norms and institutions between formal institutions.
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