2.1.4 Fairness
Fairness
Fairness is a principle that ensures that all stakeholders are treated equitably and justly. It involves the fair treatment of shareholders, employees, customers, suppliers, and other stakeholders, regardless of their level of influence or investment in the company. Fairness in corporate governance promotes inclusivity and diversity, preventing discrimination and favoritism.
For shareholders, fairness means that all investors are given equal access to information and opportunities. This includes fair treatment in matters such as dividend distribution, voting rights, and access to shareholder meetings. For employees, fairness involves providing a safe and inclusive workplace, equal opportunities for advancement, and fair compensation.
In customer and supplier relations, fairness requires that the company engage in honest and transparent dealings, honoring contracts, and treating business partners with respect. By adhering to the principle of fairness, companies can foster positive relationships with all stakeholders and build a reputation for integrity and ethical behavior.