The importance of corporate governance in today’s progressive and aggressive business environment cannot be denied.
Corporate Environmental Governance has been defined as “...setting out the responsibilities of directors and establishing the accountability of the board to all the company's stakeholders [such that it] includes the systems and tools used to achieve the company's environmental objectives and their effectiveness in meeting desired outcomes.
Companies that respond effectively to the challenges of Corporate governance can gain a competitive advantage, exploit new market opportunities, boost market share, increase shareholder value, and become more.
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Communicating a firm's corporate governance is a key component of community and investor relations.
In the UK for listed companies corporate governance is part of the legal system as the UK Corporate Governance Code applies to accounting periods beginning on or after 29 June 2010 and, as a result of the new Listing Regime introduced in April 2010, applies to all companies with a Premium Listing of equity shares regardless of whether they are incorporated in the UK or elsewhere.