From Sustainable Companies to Sustainable Economies: Corporate Governance as a Transformational Development Tool
Written by Aleksandr Shkolnikov and Andrew Wilson
Corporate governance is an effective transformational development tool, helping countries improve both private and public governance institutions.
Institutions required for a functional corporate governance framework are the ones that are key for democratic governance and market reforms.
Corporate governance is applicable beyond listed companies – it is relevant for small and medium-sized businesses, family firms, state-owned companies, and others.
Sound corporate governance frameworks benefit companies, industries, and national economies.