Overview
This section outlines the key principles of corporate governance, emphasizing transparency, accountability, responsibility, and fairness. Transparency fosters trust through clear communication, while accountability ensures management and directors are answerable to stakeholders. Responsibility highlights the ethical obligations of leadership, particularly regarding environmental and social impacts. Fairness promotes equitable treatment for all stakeholders. Additionally, ethical foundations, including Corporate Social Responsibility (CSR) and ethical decision-making, further enhance governance practices. Understanding these principles is crucial for management learners, as they prepare to uphold effective governance in their future roles.